Common use of Termination of DRIP Clause in Contracts

Termination of DRIP. Cabot shall terminate Cabot's 1999 Dividend Reinvestment and Share Purchase Plan (the "DRIP"), effective prior to the Merger Effective Time, and ensure that no purchase or other rights under the DRIP enable the purchaser or holder of such rights to acquire any interest in the Surviving Entity, CalWest or any CalWest Subsidiary, including Rooster Acquisition Corp., as a result of such purchase or the exercise of such rights at or after the Merger Effective Time.

Appears in 1 contract

Sources: Merger Agreement (Cabot Industrial Properties Lp)

Termination of DRIP. Cabot shall terminate Cabot's 1999 ------------------- Dividend Reinvestment and Share Purchase Plan (the "DRIP"), effective prior to ------ the Merger Effective Time, and ensure that no purchase or other rights under the DRIP enable the purchaser or holder of such rights to acquire any interest in the Surviving Entity, CalWest or any CalWest Subsidiary, including Rooster Acquisition Corp., as a result of such purchase or the exercise of such rights at or after the Merger Effective Time.

Appears in 1 contract

Sources: Merger Agreement (Cabot Industrial Trust)