Common use of REIT II Board Clause in Contracts

REIT II Board. The REIT II Board shall take or cause to be taken such action as may be necessary, in each case, to be effective as of the REIT Merger Effective Time, to cause the individual set forth on Section 7.13 of the REIT III Disclosure Letter (the “REIT III Designee”) to be elected to the REIT II Board effective as of the REIT Merger Effective Time. If a REIT III Designee is not able or willing to serve on the REIT II Board, as of the REIT Merger Effective Time, REIT III shall select, within a reasonable period of time prior to the REIT Merger Effective Time, a replacement, and the REIT II Board shall appoint such replacement as a member of the REIT II Board, as of the REIT Merger Effective Time.

Appears in 2 contracts

Samples: Merger Agreement (Resource Real Estate Opportunity REIT II, Inc.), Merger Agreement (Resource Apartment REIT III, Inc.)

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REIT II Board. The REIT II Board shall take or cause to be taken such action as may be necessary, in each case, to be effective as of the REIT Merger Effective Time, to cause the individual individuals set forth on Section 7.13 of the REIT III I Disclosure Letter (the “REIT III DesigneeI Designees”) to be elected to the REIT II Board effective as of the REIT Merger Effective Time. If a REIT III I Designee is not able or willing to serve on the REIT II Board, as of the REIT Merger Effective Time, REIT III I shall select, within a reasonable period of time prior to the REIT Merger Effective Time, a replacement, and the REIT II Board shall appoint such replacement as a member of the REIT II Board, as of the REIT Merger Effective Time.

Appears in 1 contract

Samples: Merger Agreement (Resource Real Estate Opportunity REIT II, Inc.)

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