Common use of No Control of Business Clause in Contracts

No Control of Business. Nothing contained in this Agreement shall give Parent or Merger Sub, directly or indirectly, the right to control or direct Company or any of Company's operations prior to the Effective Time. Prior to the Effective Time, Company shall exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its and the Company Subsidiaries' operations. Notwithstanding anything to the contrary set forth in this Agreement, no consent of Parent and no consent of Company shall be required with respect to any matter set forth in Section 6.1 or Section 6.2 or elsewhere in the Agreement to the extent that the requirement of such consent could violate any applicable Law. ARTICLE 7

Appears in 2 contracts

Samples: Merger Agreement (Prologis, L.P.), Merger Agreement (Industrial Property Trust Inc.)

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No Control of Business. Nothing contained in this Agreement shall give Parent Parent, Merger Sub or any New Merger Sub, directly or indirectly, the right to control or direct Company or any of Company's operations prior to the Effective Time. Prior to the Effective Time, Company shall exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its and the Company Subsidiaries' operations. Notwithstanding anything to the contrary set forth in this Agreement, no consent of Parent and no consent of Company shall be required with respect to any matter set forth in Section 6.1 6.1, Section 6.2 or Section 6.2 6.3 or elsewhere in the Agreement to the extent that the requirement of such consent could violate any applicable Law. ARTICLE 7

Appears in 1 contract

Samples: Agreement and Plan of Merger (Industrial Property Trust Inc.)

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No Control of Business. Nothing contained in this Agreement shall give Parent Parent, Merger Sub or any New Merger Sub, directly or indirectly, the right to control or direct Company or any of Company's ’s operations prior to the Effective Time. Prior to the Effective Time, Company shall exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its and the Company Subsidiaries' operations. Notwithstanding anything to the contrary set forth in this Agreement, no consent of Parent and no consent of Company shall be required with respect to any matter set forth in Section 6.1 6.1, Section 6.2 or Section 6.2 6.3 or elsewhere in the Agreement to the extent that the requirement of such consent could violate any applicable Law. ARTICLE 7.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Prologis, L.P.)

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