Common use of Termination of DRIP Clause in Contracts

Termination of DRIP. AMLI shall terminate AMLI's Dividend Reinvestment Plan (the "DRIP"), effective prior to the Merger Effective Time, and ensure that no purchase or other rights under the DRIP enable the holder of such rights to acquire any interest in the Surviving Entity, Purchaser or any Purchaser Subsidiary, including Purchaser Acquisition Entity, 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 (Amli Residential Properties Trust)

Termination of DRIP. AMLI shall terminate AMLI's ’s Dividend Reinvestment Plan (the "DRIP"), effective prior to the Merger Effective Time, and ensure that no purchase or other rights under the DRIP enable the holder of such rights to acquire any interest in the Surviving Entity, Purchaser or any Purchaser Subsidiary, including Purchaser Acquisition Entity, 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 (Morgan Stanley)