Covenants of the Contributor. From the date hereof through the Closing, except as otherwise provided for or as contemplated by this Agreement, the Contributor shall not, without the consent of the Operating Partnership: (a) sell, transfer or otherwise dispose of all or any portion of the Contributor’s Contributed Interests or any interests therein; (b) mortgage, pledge, hypothecate, encumber (or permit to become encumbered) all or any portion of the Contributor’s Contributed Interests; (c) authorize or consent to the sale, assignment, transfer or other disposition of, or cause any of the Contributed Entities to sell, assign, transfer or dispose of, any of its Related Properties; (d) authorize or consent to, or cause any of the Contributed Entities to mortgage, pledge, hypothecate, encumber (or permit to become encumbered) all or any portion of its assets; (e) amend the certificate of formation Organizational Agreements or other governing documents of the any of the Contributed Entities; or (f) adopt a plan of liquidation, dissolution, merger, consolidation, restructuring, recapitalization or reorganization with respect to any of the Contributed Entities.
Appears in 2 contracts
Sources: Contribution Agreement (Welsh Property Trust, Inc.), Contribution Agreement (Welsh Property Trust, Inc.)