Common use of EFFECT ON OP UNITS Clause in Contracts

EFFECT ON OP UNITS. At the Effective Time, by virtue of the OP Merger and automatically without any action on the part of any holder of OP Units or any holder of partnership interests in Acquiror OP, respectively:

Appears in 2 contracts

Sources: Merger Agreement (RFS Hotel Investors Inc), Merger Agreement (CNL Hospitality Properties Inc)