Common use of General Cooperation and Coordination Clause in Contracts

General Cooperation and Coordination. (a) The MSH Parties and the OPCO Parties hereby agree that it is in the best interests of both entities and their shareholders that they cooperate to the fullest extent possible in the conduct of their respective operations with the goal of enhancing value to their respective shareholders. In furtherance of the foregoing, meetings of the Boards of Directors of the MSH Parties and the OPCO Parties may be held jointly if their respective Chairmen or Vice Chairmen so decide.

Appears in 4 contracts

Samples: Lease Agreement (American General Hospitality Corp), Lease Agreement (Capstar Hotel Co), Agreement and Plan of Merger (Capstar Hotel Co)

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General Cooperation and Coordination. (a) The MSH Parties and the OPCO Parties hereby agree that it is in the best interests of both entities and their shareholders that they cooperate to the fullest extent possible in the conduct of their respective operations with the goal of enhancing value to their respective shareholders. In furtherance of the foregoing, meetings of the Boards of Directors of the MSH Parties and the OPCO Parties may be held jointly if their respective Chairmen Chairman or Vice Chairmen so decide.

Appears in 1 contract

Samples: Intercompany Agreement (Meristar Hospitality Corp)

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