{"component": "clause", "props": {"groups": [{"snippet": "As soon as reasonably practicable following the date hereof, MART shall cause MART to form separate Maryland business trusts (in form and substance agreed to or acceptable to Kimco) and to convey and contribute all of its right, title and interest in and to any and all real property owned of record by it, to such respective newly-formed business trusts in exchange for all of the outstanding shares of beneficial interest thereof. At least five business days prior to the Closing Date, MART shall contribute all of the beneficial interests in the newly-formed business trusts to MART LP. 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Integration Networks and Restructuring"], ["restructuring-transactions", "Restructuring Transactions", "Restructuring Transactions"], ["internal-resolution", "Internal Resolution", "Internal Resolution"], ["internal-review", "Internal Review", "Internal Review"]], "related_snippets": [], "updated": "2026-01-22T05:43:19+00:00", "also_ask": ["What key protections should be included to prevent value leakage during internal restructuring?", "How can the clause be drafted to maximize flexibility while minimizing counterparty consent requirements?", "What are the most common legal pitfalls or fatal flaws in internal restructuring clauses?", "How do courts typically interpret and enforce internal restructuring provisions in disputes?", "How does this clause compare to market standards or similar provisions in competitor agreements?"], "drafting_tip": "Specify permitted restructuring actions, require prior written notice, and define approval thresholds to prevent disputes and ensure transparency.", "explanation": "The Internal Restructuring clause defines the rights and procedures for a party to reorganize its internal corporate structure without breaching the agreement. Typically, this clause allows a company to transfer its rights or obligations under the contract to an affiliate or subsidiary as part of mergers, consolidations, or other internal changes, provided that the ultimate control or ownership does not change. Its core function is to provide flexibility for business operations and growth while ensuring that such internal changes do not trigger default or termination under the contract."}, "json": true, "cursor": ""}}