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Common use of Cornerstone Clause in Contracts

Cornerstone. represents that the Operating Partnership has engaged in no business except in connection with this Agreement and that the Operating Partnership has no liabilities or obligations to any Person, except pursuant to this Agreement.

Appears in 4 contracts

Sources: Membership Interest Contribution Agreement (Cornerstone Realty Income Trust Inc), Membership Interest Contribution Agreement (Cornerstone Realty Income Trust Inc), Membership Interest Contribution Agreement (Cornerstone Realty Income Trust Inc)

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Parent Clauses

  • Covenants
  • REPRESENTATIONS AND WARRANTIES OF CORNERSTONE AND THE OPERATING PARTNERSHIP
  • Capitalization
  • Registration
  • Taxes

Sub-Clauses

  • The Merger
  • REPRESENTATIONS AND WARRANTIES OF MERRY LAND
  • Closing
  • Conversion
  • Effective Time
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