Dissolution; Merger or Consolidation. No Required SPE shall dissolve, terminate, liquidate, merge with or consolidate into another Person without first causing the Loan to be assumed by a Successor Borrower pursuant to Section 2.2.
Appears in 5 contracts
Samples: Loan Agreement (Parkway, Inc.), Loan Agreement (Stratus Properties Inc), Loan Agreement (Stratus Properties Inc)
Dissolution; Merger or Consolidation. No Required SPE shall dissolve, terminate, liquidate, merge with or consolidate into another Person without first causing the Loan to be assumed by a Successor Borrower or Successor Operating Lessee, as the case may be, pursuant to Section 2.2.
Appears in 3 contracts
Samples: Loan Agreement (Chesapeake Lodging Trust), Loan Agreement (Chesapeake Lodging Trust), Loan Agreement (Chesapeake Lodging Trust)
Dissolution; Merger or Consolidation. No Required SPE shall dissolve, terminate, liquidate, merge with or consolidate into another Person without first causing the Loan to be assumed by a Successor Borrower pursuant to Section 2.2.. 80
Appears in 1 contract
Samples: Loan Agreement (Parkway, Inc.)
Dissolution; Merger or Consolidation. No Required SPE shall dissolve, terminate, liquidate, merge with or consolidate into another Person without first causing the Loan to be assumed by a Successor Borrower pursuant to Section 2.22.3, or divide into multiple entities or series pursuant to Section 18-217 of the Delaware Limited Liability Company Act or otherwise. Section 6.6.
Appears in 1 contract
Samples: Loan Agreement (Hartman Short Term Income Properties XX, Inc.)
