Common use of No Further Interest Clause in Contracts

No Further Interest. Contributor acknowledges and agrees that effective upon the Closing, and without any further action by Contributor, the Contributed Interests shall be transferred, assigned and conveyed to the Operating Partnership, or a subsidiary thereof, and Contributor shall no longer be an equity holder of any of the Contributed Entities, shall no longer be entitled to receive any distributions from any of the Contributed Entities, and shall have no further right, title or interest in any of the Contributed Interests, the Contributed Entities or the Property Entities.

No Further Interest. Contributor acknowledges and agrees that effective upon the Closing, and without any further action by Contributor, the Contributed Interests shall be transferred, assigned and conveyed to the Operating Partnership, or a subsidiary thereof, and Contributor shall no longer be an equity holder of any of the Contributed EntitiesEntity, shall no longer be entitled to receive any distributions from any of the Contributed EntitiesEntity, and shall have no further right, title or interest in any of the Contributed Interests, the Contributed Entities Entity or the Property EntitiesEntity.

No Further Interest. Contributor acknowledges and agrees that effective upon the Closing, and without any further action by Contributor, the Contributed Interests shall be transferred, assigned and conveyed to the Operating Partnership, or a subsidiary thereof, and Contributor shall no longer be an equity holder of have any of the Contributed Entities, shall no longer be entitled to receive any distributions from any of the Contributed Entities, and shall have no further right, title or interest in any of the Contributed Interests, other than indirectly through the Contributed Entities or the Property Entitiesownership of any OP Units.

No Further Interest. Contributor acknowledges The Contributors acknowledge and agrees agree that effective upon the Closing, and without any further action by Contributorthe Contributors, the Contributed Interests shall be transferred, assigned and conveyed to the Operating PartnershipREIT (and subsequently transferred, or assigned and conveyed to a subsidiary thereofof the REIT), and Contributor the Contributors shall no longer be an equity holder of any of the Contributed EntitiesEntity, shall no longer be entitled to receive any distributions from any of the Contributed EntitiesEntity, and shall have no further right, title or interest in any of the Contributed Interests, Interests or the Contributed Entities or the Property EntitiesEntity.

No Further Interest. Contributor acknowledges and agrees that effective upon the at Closing, and without any further action by Contributor, the Contributed Interests shall be transferred, assigned and conveyed to the Operating Partnership, or a subsidiary thereof, and Contributor shall no longer be an equity a direct holder of any of equity interests in the Contributed EntitiesEntity, shall no longer be entitled to receive any distributions from any of the Contributed EntitiesEntity, and shall have no further right, title or interest in any of the Contributed Interests, the Contributed Entities Entity, or the Property EntitiesProperty, other than indirectly through the ownership of any OP Units.

No Further Interest. Contributor acknowledges and agrees that effective upon the Closing, and without any further action by Contributor, the Contributed Interests shall be transferred, assigned and conveyed to the Operating Partnership, or a subsidiary thereof, and Contributor shall no longer be an equity holder of any of the Contributed Entities, shall no longer be entitled to receive any distributions from any of the Contributed Entities, and shall have no further right, title or interest in any of the Contributed Interests, Interests or the Contributed Entities or Entities, other than indirectly through the Property Entitiesownership of any OP Units.

No Further Interest. Contributor acknowledges and agrees that effective upon the applicable Closing, and without any further action by Contributor, the Contributed Interests being contributed at such Closing shall be transferred, assigned and conveyed to the Operating PartnershipRBMI, or a subsidiary thereof, and Contributor shall no longer be an equity holder of any of the applicable Contributed Entities, shall no longer be entitled to receive any distributions from any of the applicable Contributed Entities, and shall have no further right, title or interest in any of the applicable Contributed Interests, the Contributed Entities Assets or the Property applicable Contributed Entities.

No Further Interest. Contributor acknowledges and agrees that effective upon the Closing, and without any further action by Contributor, the Contributed Interests Assets shall be transferred, assigned and conveyed to the Operating PartnershipRBMI, or a subsidiary thereof, and Contributor shall no longer be an equity holder of any of the Contributed Entities, shall no longer be entitled to receive any distributions from any of the Contributed Entities, and shall have no further right, title or interest in any of the Contributed Interests, the Contributed Entities Assets or the Property Entities.

No Further Interest. Contributor acknowledges and agrees that effective upon the Closing, and without any further action by Contributor, the Contributed Interests shall be transferred, assigned and conveyed to the Operating Partnership, or a subsidiary thereof, and Contributor shall no longer be an equity holder of any of the Contributed Entities, shall no longer be entitled to receive any distributions from any of the Contributed Entities, and shall have no further right, title or interest in the ownership of any of the Contributed Interests, the Contributed Entities or the Property Entities.