Common use of Merger of Liable Parties With a Publicly Held Entity Clause in Contracts

Merger of Liable Parties With a Publicly Held Entity. Provided the conditions set forth in subsection 10.01(d)(v) below are met, Flagler Development Company or Gran Central-Deerwood North, LLC, or Beacon Station 22, 23 and 24 Limited Partnership, may merge with any publicly held entity without the consent of Lender. Any reference herein to “Flagler Development Company”, “Gran Central-Deerwood North, LLC” or “Beacon Station 22, 23 and 24 Limited Partnership” shall mean each such entity and its successor pursuant to a merger. A processing fee of $25,000 shall be required.

Merger of Liable Parties With a Publicly Held Entity. Provided the conditions set forth in subsection 10.01(d)(v) below are met, Flagler Development Company or Gran Central-Deerwood North, LLCLLC , or Beacon Station 22, 23 and 24 Limited Partnership, may merge with any publicly held entity without the consent of Lender. Any reference herein to “Flagler Development Company”, “Gran Central-Deerwood North, LLC” or “Beacon Station 22, 23 and 24 Limited Partnership” shall mean each such entity and its successor pursuant to a merger. A processing fee of $25,000 shall be required.