Common use of Merger of Flagler Development Company With a Publicly Held Entity Clause in Contracts

Merger of Flagler Development Company With a Publicly Held Entity. Provided the conditions set forth in subsection 10.01(d)(v) below are met, Flagler Development Company may merge with any publicly held entity without the consent of Lender. Any reference herein to "Flagler Development Company" shall mean Flagler Development Company or its successor pursuant to a merger. A processing fee of $25,000 shall be required.