Common use of Conditions to Obligations of Cornerstone Clause in Contracts

Conditions to Obligations of Cornerstone. The obligations of Cornerstone to effect the Merger and to consummate the other transactions contemplated to occur on the Closing Date is further subject to the following conditions, any one or more of which may be waived by Cornerstone:

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Cornerstone Realty Income Trust Inc), Agreement and Plan of Merger (Colonial Properties Trust)

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Conditions to Obligations of Cornerstone. The obligations of Cornerstone to effect the Merger and to consummate the other transactions contemplated to occur on the Closing Date is are further subject to the following conditions, any one or more of which may be waived in writing by Cornerstone:

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Merry Land Properties Inc), Agreement and Plan of Merger (Cornerstone Realty Income Trust Inc)

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