Validity Opinion. STAR or STAR III shall have received a written opinion of ▇▇▇▇▇▇▇ LLP, or other counsel to STAR reasonably satisfactory to STAR III and in form and substance reasonably satisfactory to STAR III and filed with the Form S-4, to the effect that the issuance of the Merger Consideration has been duly authorized and, when and if issued in connection with the Merger in accordance with the resolutions of the STAR Board, this Agreement and the Articles of Merger, the Merger Consideration will be validly issued, fully paid and nonassessable.
Appears in 2 contracts
Sources: Merger Agreement (Steadfast Apartment REIT, Inc.), Merger Agreement (Steadfast Apartment REIT III, Inc.)
Validity Opinion. STAR or STAR III shall have received a written opinion of ▇▇▇▇▇▇▇ LLP, or other counsel to STAR reasonably satisfactory to STAR III and SIR, in form and substance reasonably satisfactory to STAR III SIR and filed with the Form S-4, to the effect that the issuance of the Merger Consideration has been duly authorized and, when and if issued in connection with the Merger in accordance with the resolutions of the STAR Board, this Agreement and the Articles of Merger, the Merger Consideration will be validly issued, fully paid and nonassessable.
Appears in 1 contract