No Control of Other Parties’ Business. Nothing contained in this Agreement shall give (a) any CCI Party, directly or indirectly, the right to control or direct CMOF or any CMOF Subsidiary’s operations prior to the Company Merger Effective Time, or (b) any CMOF Party, directly or indirectly, the right to control or direct CCI or any CCI Subsidiary’s operations prior to the Company Merger Effective Time. Prior to the Company Merger Effective Time, (a) CMOF shall exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its and the CMOF Subsidiaries’ respective operations, and (b) CCI shall exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its and the CCI Subsidiaries’ respective operations.
Appears in 3 contracts
Samples: Agreement and Plan of Merger (Cottonwood Multifamily Opportunity Fund, Inc.), Agreement and Plan of Merger (Cottonwood Communities, Inc.), Agreement and Plan of Merger (Cottonwood Communities, Inc.)
No Control of Other Parties’ Business. Nothing contained in this Agreement shall give (ai) any CCI Party, directly or indirectly, the right to control or direct CMOF CMR or any CMOF CMR Subsidiary’s operations prior to the Company Merger Effective Time, or (bii) any CMOF CMR Party, directly or indirectly, the right to control or direct CCI or any CCI Subsidiary’s operations prior to the Company Merger Effective Time. Prior to the Company Merger Effective Time, (ai) CMOF CMR shall exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its and the CMOF CMR Subsidiaries’ respective operations, operations and (bii) CCI shall exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its and the CCI Subsidiaries’ respective operations.. ARTICLE 7
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Cottonwood Communities, Inc.), Agreement and Plan of Merger (Cottonwood Multifamily Reit I, Inc.)
No Control of Other Parties’ Business. Nothing contained in this Agreement shall give (ai) any CCI Party, directly or indirectly, the right to control or direct CMOF CMR or any CMOF CMR Subsidiary’s operations prior to the Company Merger Effective Time, or (bii) any CMOF CMR Party, directly or indirectly, the right to control or direct CCI or any CCI Subsidiary’s operations prior to the Company Merger Effective Time. Prior to the Company Merger Effective Time, (ai) CMOF CMR shall exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its and the CMOF CMR Subsidiaries’ respective operations, operations and (bii) CCI shall exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its and the CCI Subsidiaries’ respective operations.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Cottonwood Communities, Inc.), Agreement and Plan of Merger (Cottonwood Multifamily Reit Ii, Inc.)
