General Effects of the Mergers. (a) At the Company Merger Effective Time, the effect of the Company Merger shall be as set forth in this Agreement and as provided in the applicable provisions of the MGCL and DLLCA. Without limiting the generality of the foregoing, and subject thereto, at the Company Merger Effective Time, all of the property, rights, privileges, powers and franchises of the Company and Merger Sub I shall vest in the Surviving Company, and all debts, liabilities and duties of the Company and Merger Sub I shall become the debts, liabilities and duties of the Surviving Company.
General Effects of the Mergers. (a) At the REIT Merger Effective Time, the effect of the REIT Merger shall be as set forth in this Agreement and as provided in the applicable provisions of the MGCL and the DLLCA. Without limiting the generality of the foregoing, and subject thereto, at the REIT Merger Effective Time, all of the property, rights, privileges, powers and franchises of REIT I and Merger Sub shall vest in the Surviving Entity, and all debts, liabilities and duties of REIT I and Merger Sub shall become the debts, liabilities and duties of the Surviving Entity.
General Effects of the Mergers. (a) At the REIT Merger Effective Time, the effect of the REIT Merger shall be as set forth in this Agreement and as provided in the applicable provisions of the MGCL and MLLCA. Without limiting the generality of the foregoing, and subject thereto, at the REIT Merger Effective Time, all of the property, rights, privileges, powers and franchises of REIT I and Merger Sub shall vest in the Surviving Entity, and all debts, liabilities and duties of REIT I and Merger Sub shall become the debts, liabilities and duties of the Surviving Entity. (b) At the Partnership Merger Effective Time, the effect of the Partnership Merger shall be as set forth in this Agreement and as provided in the applicable provisions of the DRULPA. Without limiting the generality of the foregoing, and subject thereto, at the Partnership Merger Effective Time, all of the property, rights, privileges, powers and franchises of REIT II Operating Partnership and REIT I Operating Partnership shall vest in the Surviving Partnership, and all debts, liabilities and duties of REIT II Operating Partnership and REIT I Operating Partnership shall become the debts, liabilities and duties of the Surviving Partnership. ARTICLE 4
General Effects of the Mergers. (a) At the REIT Merger Effective Time, the effect of the REIT Merger shall be as set forth in this Agreement and as provided in the applicable provisions of the MGCL and
General Effects of the Mergers. (a) At the Partnership Merger Effective Time, the effect of the Partnership Merger shall be as set forth in this Agreement and as provided in the applicable provisions of the DLLCA and the DRULPA. Without limiting the generality of the foregoing, and subject thereto, at the Partnership Merger Effective Time, all of the property, rights, privileges, powers and franchises of Parent OP Merger Sub shall vest in the Partnership, and all debts, liabilities and duties of Parent OP Merger Sub shall become the debts, liabilities and duties of the Partnership.
General Effects of the Mergers. At the First Merger Effective Time, the effect of the First Merger shall be as set forth in this Agreement and as provided in the applicable provisions of the MGCL. Without limiting the generality of the foregoing, and subject thereto, at the First Merger Effective Time all of the property, rights, privileges, powers and franchises of Hermes Sub II shall vest in Company, and all debts, liabilities and duties of Hermes Sub II shall become the debts, liabilities and duties of Company. At the Second Merger Effective Time, the effect of the Second Merger shall be as set forth in this Agreement and as provided in the applicable provisions of the MGCL and the MLLCA. Without limiting the generality of the foregoing, and subject thereto, at the Second Merger Effective Time, all of the property, rights, privileges, powers and franchises of Hermes Sub I shall vest in the Surviving Entity, and all debts, liabilities and duties of Hermes Sub I shall become the debts, liabilities and duties of the Surviving Entity.
General Effects of the Mergers. Without limitation of the other terms of this Agreement, including the terms of Section 2.6, Section 2.7 and Article III, the effects of the Mergers shall be as follows:
General Effects of the Mergers. (a) At the REIT Merger Effective Time, the effect of the REIT Merger shall be as set forth in this Agreement and the REIT Articles of Merger and as provided in the applicable provisions of the MGCL and the MLLCA. Without limiting the generality of the foregoing, and subject thereto, at the REIT Merger Effective Time, all of the property, rights, privileges, powers and franchises of CCIT II and Merger Sub shall vest in the REIT Surviving Entity, and all debts, liabilities and duties of CCIT II and Merger Sub shall become the debts, liabilities and duties of the REIT Surviving Entity. (b) At the Partnership Merger Effective Time, the effect of the Partnership Merger shall be as set forth in this Agreement and the Partnership Certificate of Merger and as provided in the applicable provisions of the DRULPA and the DLLCA. Without limiting the generality of the foregoing, and subject thereto, at the Partnership Merger Effective Time, all of the property, rights, privileges, powers and franchises of the CCIT II Operating Partnership and OP Merger Sub shall vest in the Partnership Surviving Entity, and all debts, liabilities and duties of the CCIT II Operating Partnership and OP Merger Sub shall become the debts, liabilities and duties of the Partnership Surviving Entity. (c) At the LP Merger Effective Time, the effect of the LP Merger shall be as set forth in this Agreement and the LP Certificate of Merger and as provided in the applicable provisions of the DRULPA and the DLLCA. Without limiting the generality of the foregoing, and subject thereto, at the LP Merger Effective Time, all of the property, rights, privileges, powers and franchises of CCIT II LP and LP Merger Sub shall vest in the LP Surviving Entity, and all debts, liabilities and duties of CCIT II LP and LP Merger Sub shall become the debts, liabilities and duties of the LP Surviving Entity. ARTICLE 4
General Effects of the Mergers. (a) At the REIT Merger Effective Time, the effect of the REIT Merger shall be as set forth in this Agreement and the REIT Articles of Merger and as provided in the applicable provisions of the MGCL and the MLLCA. Without limiting the generality of the foregoing, and subject thereto, at the REIT Merger Effective Time, all of the property, rights, privileges, powers and franchises of CCIT II and Merger Sub shall vest in the REIT Surviving Entity, and all debts, liabilities and duties of CCIT II and Merger Sub shall become the debts, liabilities and duties of the REIT Surviving Entity.
General Effects of the Mergers. (a) At the Sxxxxxxxxx Merger Effective Time, the effect of the Sxxxxxxxxx Merger shall be as set forth in this Agreement and as provided in the applicable provisions of the MGCL and the DLLCA. Without limiting the generality of the foregoing, and subject thereto, at the Sxxxxxxxxx Merger Effective Time, all of the property, rights, privileges, powers and franchises of Sxxxxxxxxx and Merger Sub shall vest in the Surviving Entity, and all debts, liabilities and duties of Sxxxxxxxxx and Merger Sub shall become the debts, liabilities and duties of the Surviving Entity.
