Parent Shareholder Redemption Plan. For the purposes of the Parent’s Shareholder Redemption Plan (such plan as it may be in effect from time to time and any subsequent shareholder redemption plan, the “Parent SRP”) and as of the Effective Time, Parent agrees that each holder of the Company Common Stock as of the Effective Time (i) shall be eligible to participate in the Parent SRP on the same terms as the other holders of Parent Common Stock and (ii) for purposes of the Parent SRP, shall be deemed to have purchased such holder’s Merger Consideration on the date(s) such holder purchased such holder’s shares of Company Common Stock from the Company and at the purchase price(s) paid by such holder to the Company as adjusted for the Exchange Ratio, and Parent, at or prior to the Effective Time, shall amend the Parent SRP or take other steps necessary to so provide, to the extent necessary or required after consultation with outside legal counsel. Article VII
Appears in 4 contracts
Samples: Agreement and Plan of Merger (Griffin Capital Essential Asset REIT, Inc.), Agreement and Plan of Merger (Signature Office Reit Inc), Agreement and Plan of Merger (Griffin Capital Essential Asset REIT, Inc.)
