Examples of Self-Management Transactions in a sentence
The allocated general and administrative expenses relate to certain corporate and shared functions and include Inland American’s expenses, such as legal and other professional fees related to Inland American’s Self-Management Transactions, transaction readiness, and other legal costs.
The execution and delivery by American of this Agreement and the Ancillary Agreements, and the consummation of the Remaining Self-Management Transactions, has been duly authorized by all necessary corporate action and no other proceedings are necessary to authorize the execution and delivery of this Agreement and the Ancillary Agreements.
Each Transferor is a limited liability company validly existing and in good standing under the Laws of the state of Delaware and has the requisite limited liability company power to carry on its business as it is now being conducted, except where the failure to have such power and authority would not reasonably be expected to have a material adverse impact on such Transferor’s business or its ability to consummate the Remaining Self-Management Transactions and Remaining Self-Management Agreements.
The execution and delivery by American of this Agreement and the Ancillary Agreements, and the consummation of the Self-Management Transactions, has been duly authorized by all necessary corporate action and no other proceedings are necessary to authorize the execution and delivery of this Agreement and the Ancillary Agreements.
There are no Claims pending or, to the Knowledge of any Inland Party, threatened against any Inland Party which would impair the ability of the Inland Parties to consummate the Self-Management Transactions.
The Parties shall use their commercially reasonable efforts to do and perform or cause to be done and performed all such further acts and things and shall execute and deliver all such other agreements, certificates, instruments or documents as any other Party may reasonably request in order to carry out the intent and purposes of the Remaining Self-Management Agreements and the consummation of the Remaining Self-Management Transactions.
Without the consent of American or the Inland Parties, as applicable, neither Party shall take any voluntary action or actions, or fail to take any action or actions, in each case, for the purpose of avoiding or seeking to avoid the observance or performance of any of the terms to be observed or performed under this Agreement or any Ancillary Agreement with respect to the Self-Management Transactions, including the consummation thereof.
The Parties shall consult with each other prior to issuing any press release or making any other public statement with respect to this Agreement or the Remaining Self-Management Transactions, and shall not issue any such press release or public statement prior to review and approval (such approval not to be unreasonably withheld or delayed) by American and Holdco (for and on behalf of the Transferors), as the case may be.
No Inland Party has employed any broker, finder or other intermediary on behalf of itself or American in connection with the Self-Management Transactions.
Upon the consummation of the Self-Management Transactions (as defined in the Master Modification Agreement), this Agreement shall be assigned by Manager to the Company (or its designee) as contemplated by the Master Modification Agreement, upon the terms and subject to the conditions set forth therein.