Common use of Termination of DRIP Clause in Contracts

Termination of DRIP. The Company shall take all actions necessary to terminate its Dividend Reinvestment and Share Purchase Plan (the “DRIP”), effective as soon as possible after the date of this Agreement, and ensure that no purchase or other rights under the DRIP enable the holder of such rights to acquire any interest in the Surviving Entity or any other Company Party or Buyer Party as a result of such purchase or the exercise of such rights at or after such date.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Eop Operating LTD Partnership), Agreement and Plan of Merger (Eop Operating LTD Partnership), Agreement and Plan of Merger (Winston Hotels Inc)

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Termination of DRIP. The Company shall take all actions necessary to terminate its Dividend Reinvestment and Share Purchase Plan (the “DRIP”), effective as soon as possible after the date of this Agreement, and ensure that no purchase or other rights under the DRIP enable the holder of such rights to acquire any interest in the Surviving Entity Corporation or any other Company Party or Buyer Party as a result of such purchase or the exercise of such rights at or after such date.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Carramerica Realty Operating Partnership Lp)

Termination of DRIP. The Company shall take all actions necessary to terminate its Dividend Reinvestment and Share Unit Purchase Plan (the “DRIP”), effective as soon as possible after DRIP”),effective prior to the date of this AgreementEffective Time, and ensure that no purchase or other rights under the DRIP enable the holder of such rights to acquire any interest in the Surviving Entity Entity, Parent or any other Company Party or Buyer Party subsidiary of Parent, including Merger Sub, as a result of such purchase or the exercise of such rights at or after such datethe Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Cedar Fair L P)

Termination of DRIP. The Company shall take all actions necessary to terminate its the Company’s Dividend Reinvestment and Share Purchase Plan (the “DRIP”), effective as soon as possible after ) prior to the date of this Agreement, Effective Time and ensure that no purchase or other rights under the DRIP enable the purchaser or holder of such rights to acquire any interest in the Surviving Entity Entity, Acquiror or any other Company Party or Buyer Party of its Subsidiaries, including Acquisition Sub, as a result of such purchase or the exercise of such rights at or after such datethe Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Great Lakes Reit)

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Termination of DRIP. The Company shall take all actions necessary to terminate its Dividend Reinvestment and Share Purchase Plan (the “DRIP“ DRIP ”), effective as soon as possible after the date of this Agreement, and ensure that no purchase or other rights under the DRIP enable the holder of such rights to acquire any interest in the Surviving Entity or any other Company Party or Buyer Party as a result of such purchase or the exercise of such rights at or after such date.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Winston Hotels Inc)

Termination of DRIP. The Company shall take all actions necessary to terminate its Dividend Reinvestment and Share Purchase Plan (the “ DRIP DRIP”), effective as soon as possible after the date of this Agreement, and ensure that no purchase or other rights under the DRIP enable the holder of such rights to acquire any interest in the Surviving Entity or any other Company Party or Buyer Party as a result of such purchase or the exercise of such rights at or after such date.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Inland American Real Estate Trust, Inc.)

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