Common use of Formation Transactions Clause in Contracts

Formation Transactions. Subject to the terms and conditions of this Agreement, each of the Company Entities and the Contributor hereby consents to each of the Formation Transactions and agrees to take all actions reasonably necessary or advisable to consummate, and to cause its direct and indirect subsidiaries and affiliates, where applicable, to consummate, the Formation Transactions. It is the intent of the parties that, as a result of the Formation Transactions, the Company Entities will own, directly or indirectly, all of the interests previously owned by the Contributor in the entities identified in Schedule I attached hereto (the “Student Housing Entities”), and through their ownership of such Student Housing Entities, the Company Entities will succeed to all of the student housing business previously conducted, directly or indirectly, by MXT and certain other parties, and in which the Contributor had a direct or indirect interest.

Formation Transactions. Subject to the terms and conditions of this Agreement, each of the Company Entities and each of the Contributor Sponsors hereby consents to each of the Formation Transactions and agrees to take all actions reasonably necessary or advisable to consummate, and to cause its direct and indirect subsidiaries and affiliates, where applicable, to consummate, the Formation Transactions. It is the intent of the parties that, as a result of the Formation Transactions, the Company Entities will own, directly or indirectly, all of the interests previously owned by the Contributor Sponsors in the entities identified in Schedule I attached hereto (the “Student Housing Entities”), and through their ownership of such Student Housing Entities, the Company Entities will succeed to all of the student housing business previously conducted, directly or indirectly, by MXT and certain other parties, and the Sponsors (except to the extent set forth in which the Contributor had a direct or indirect interestRegistration Statement).

Formation Transactions. Subject to the terms and conditions of this Agreement, each of the Company Entities and the Contributor hereby consents to each of the Formation Transactions and agrees to take all actions reasonably necessary or advisable to consummate, and to cause its direct and indirect subsidiaries and affiliates, where applicable, to consummate, the Formation Transactions. It is the intent of the parties that, as a result of the Formation Transactions, the Company Entities will own, directly or indirectly, all of the interests previously owned by the Contributor in the entities identified in Schedule I attached hereto (the “Student 1 Housing Entities”), and through their ownership of such Student Housing Entities, the Company Entities will succeed to all of the student housing business previously conducted, directly or indirectly, by MXT and certain other parties, and in which the Contributor had a direct or indirect interest.