Common use of SUSPENSION OF OTHER RIGHTS Clause in Contracts

SUSPENSION OF OTHER RIGHTS. On the delivery of an Offering Notice provided for in Section 12.02, the Transfers permitted by Sections 11.04 and 11.06 and the provisions contained in Articles 13, 14 and 15 and the right to deliver a Purchase Notice pursuant to Section 21.03(d) shall be suspended to and until the Closing or the rights of the Offerors and the Offerees to effect a purchase and sale as a result of an Offering Notice having been delivered are terminated whereupon the provisions contained in the said Sections 11.04 and 11.06, Articles 13, 14 and 15 and Section 21.03(d) shall revive.

Appears in 2 contracts

Samples: Ashton Houston Residential L.L.C., Ashton Houston Residential L.L.C.

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SUSPENSION OF OTHER RIGHTS. On the delivery by the Offerors of an Offering Notice a notice provided for in Section 12.0215.01, the Transfers permitted by Sections 11.04 and 11.06 and the provisions contained in Articles 1312 (otherwise than by virtue of Section 15.02), 13 and 14 and 15 and the right to deliver a Purchase Notice pursuant to Section 21.03(d) shall be suspended to and until the Closing or the rights of the Offerors and the Offerees to effect a purchase and sale as a result of an Offering Notice having been delivered are terminated terminated, whereupon the provisions contained in the said Sections 11.04 and 11.06, Articles 1312, 13 and 14 and 15 and Section 21.03(d) shall revive.

Appears in 2 contracts

Samples: Ashton Houston Residential L.L.C., Ashton Houston Residential L.L.C.

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