Conditions to Completion of Business Combination. Before the Company may complete any business combination with the Advisor in accordance with this Section 14, the following three conditions shall be satisfied: (i) the Special Committee formed in accordance with Section 14(a) hereof receives an opinion from a qualified investment banking firm, separate and distinct from the firm jointly retained by the Company and the Sponsor to provide a valuation analysis, concluding that the consideration to be paid to acquire the Advisor is fair to the Stockholders from a financial point of view; (ii) the Board of Directors determines that such business combination is advisable and in the best interests of the Company and the Stockholders; and (iii) Such business combination is approved by the Stockholders entitled to vote thereon in accordance with the Company’s Articles of Incorporation and Bylaws.
Appears in 4 contracts
Samples: Advisory Agreement (Green Realty Trust, Inc.), Advisory Agreement (Green Realty Trust, Inc.), Advisory Agreement (Green Realty Trust, Inc.)
