Common use of LIMITED ACTIVITIES Clause in Contracts

LIMITED ACTIVITIES. Except for activities in connection with the IPO or the Formation Transactions or in the ordinary course of business, none of the REIT, the Operating Partnership or the Operating Partnership Subsidiaries have engaged in any material business or incurred any material obligations.

Appears in 10 contracts

Samples: Contribution Agreement (Silver Bay Realty Trust Corp.), Contribution Agreement (Silver Bay Realty Trust Corp.), Contribution Agreement (Silver Bay Realty Trust Corp.)

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LIMITED ACTIVITIES. Except for activities in connection with the IPO or IPO, the Formation Transactions or in the ordinary course of business, none of the REIT, the Operating Partnership or Partnership, the Operating Partnership Subsidiaries have or Merger Sub has engaged in any material business or incurred any material obligations.

Appears in 4 contracts

Samples: Merger Agreement (Silver Bay Realty Trust Corp.), Merger Agreement (Silver Bay Realty Trust Corp.), Merger Agreement (Silver Bay Realty Trust Corp.)

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