Accelerations. Except as contemplated by this Agreement, NHP shall take or forbear from taking such action as may be reasonably necessary and within its control to insure that the Transactions shall not constitute a change in ownership or control (or other similar event accelerating or triggering changes to benefits or the terms of any contract, agreement or arrangement (other than any NHP Benefit Plan) material to NHP and its subsidiaries, taken as a whole (a "TRIGGERING EVENT")), for purposes of any such contract, agreement or arrangement under which any such change in ownership or control (or other Triggering Event) may be avoided by action or inaction, as the case may be, by NHP or any of its officers or directors.
Appears in 2 contracts
Sources: Merger Agreement (Apartment Investment & Management Co), Merger Agreement (Apartment Investment & Management Co)
Accelerations. Except as contemplated by this Agreement, NHP shall take or forbear from taking such action as may be reasonably necessary and within its control to insure that the Transactions shall not constitute a change in ownership or control (or other similar event accelerating or triggering changes to benefits or the terms of any contract, agreement or arrangement (other than any NHP Benefit Plan) material to NHP and its subsidiaries, taken as a whole (a "TRIGGERING EVENTTriggering Event")), for purposes of any such contract, agreement or arrangement under which any such change in ownership or control (or other Triggering Event) may be avoided by action or inaction, as the case may be, by NHP or any of its officers or directors.
Appears in 1 contract
Sources: Merger Agreement (NHP Inc)