Common use of Authorization of Sale of the Shares Clause in Contracts

Authorization of Sale of the Shares. Subject to the terms and conditions of this Agreement, the REIT has authorized the issuance to UBS Limited of up to an aggregate of 3,250,000 shares of common stock, par value $0.01 per share, of the REIT (the "REIT Shares") and the OPCO has authorized the issuance to UBS Limited of up to an aggregate of 3,250,000 shares of common stock, par value $0.01 per share (the "OPCO Shares"), which REIT Shares and OPCO Shares are paired and traded as a unit consisting of one (1) REIT Share and one (1) OPCO Share (hereinafter each such paired unit is referred to as a "Paired Share" and the Paired Shares referred to in this sentence are herein called the "Purchase Shares"). In addition, the REIT and the OPCO may issue to UBS-LB additional Paired Shares in settlement of certain of its obligations under the Forward Stock Purchase Agreement, dated December 31, 1997 (the "Forward Stock Purchase Agreement"), among the REIT, the OPCO and UBS-LB (the "Additional Shares"). The Purchase Shares and the Additional Shares are hereinafter collectively called the "Shares. "

Authorization of Sale of the Shares. Subject to the terms ----------------------------------- and conditions of this Agreement, the REIT has authorized the issuance to UBS Limited of up to an aggregate of 3,250,000 shares of common stock, par value $0.01 per share, of the REIT (the "REIT Shares") and the OPCO has authorized the issuance to UBS Limited of up to an aggregate of 3,250,000 shares of common stock, par value $0.01 per share (the "OPCO Shares"), which REIT Shares and OPCO Shares are paired and traded as a unit consisting of one (1) REIT Share and one (1) OPCO Share (hereinafter each such paired unit is referred to as a "Paired Share" and the Paired Shares referred to in this sentence are herein called the "Purchase Shares"). In addition, the REIT and the OPCO may issue to UBS-LB additional Paired Shares in settlement of certain of its obligations under the Forward Stock Purchase Agreement, dated December 31, 1997 (the "Forward Stock Purchase Agreement"), among the REIT, the OPCO and UBS-LB (the "Additional Shares"). The Purchase Shares and the Additional Shares are hereinafter collectively called the "Shares. ."

Authorization of Sale of the Shares. Subject to the terms and conditions of this Purchase Agreement, the REIT has authorized the issuance sale to UBS Limited the Merrxxx Xxxcx Xxxties of up to an aggregate of 3,250,000 1,547,000 shares of common stockbeneficial interest, $.01 par value $0.01 per share, of the REIT (the "REIT Shares") and the OPCO has authorized the issuance sale to UBS Limited the Merrxxx Xxxcx Xxxties of up to an aggregate of 3,250,000 1,547,000 shares of common stock, $.01 par value $0.01 per share share, of the OPCO (the "OPCO Shares"), which REIT Shares and OPCO Shares are paired and traded as a unit consisting of one (1) REIT Share and one (1) OPCO Share (hereinafter each such paired unit is referred to as a "Paired Share" ") and the Paired Shares referred to in this sentence are herein called the "Purchase Shares"). In addition, the REIT and the OPCO may issue to UBS-LB MLI additional Paired Shares in settlement of certain of its their obligations under the Forward Stock Purchase Agreement, dated December 31, 1997 that certain Agreement (the "Forward Stock Purchase Agreement"), among dated as of the date hereof, between the REIT, the OPCO and UBS-LB MLI (the "Additional Shares"). The Purchase Paired Shares and the Additional Shares are hereinafter collectively called the "Shares. ."

Authorization of Sale of the Shares. Subject to the terms and conditions of this Agreement, the REIT Trust has authorized the issuance to UBS Limited of up to an aggregate of 3,250,000 2,500,000 shares of common stockbeneficial interest, $.01 par value $0.01 per share, of the REIT Trust (the "REIT Trust Shares") and the OPCO Corporation has authorized the issuance to UBS Limited of up to an aggregate of 3,250,000 2,500,000 shares of common stockCommon Stock, par value $0.01 per share (the "OPCO Corporation Shares"), which REIT Trust Shares and OPCO Corporation Shares are paired and traded as a unit consisting of one (1) REIT Trust Share and one (1) OPCO Corporation Share (hereinafter each such paired unit is referred to as a "Paired Share" and the Paired Shares referred to in this sentence are herein called the "Purchase Shares"). In addition, the REIT Trust and the OPCO Corporation may issue to UBS-LB additional Paired Shares in settlement of certain of its obligations under the Forward Stock Purchase Agreement, dated December 31October 15, 1997 (the "Forward Stock Purchase Agreement"), among the REITTrust, the OPCO Corporation and UBS-LB (the "Additional Shares"). The Purchase Shares and the Additional Shares are hereinafter collectively called the "Shares. ".

Authorization of Sale of the Shares. Subject to the terms and conditions of this Purchase Agreement, the REIT has authorized the issuance sale to UBS Limited LBI of up to an aggregate of 3,250,000 1,547,000 shares of common stockbeneficial interest, $.01 par value $0.01 per share, of the REIT (the "REIT Shares") and the OPCO has authorized the issuance sale to UBS Limited LBI of up to an aggregate of 3,250,000 1,547,000 shares of common stock, $.01 par value $0.01 per share share, of the OPCO (the "OPCO Shares"), which REIT Shares and OPCO Shares are paired and traded as a unit consisting of one (1) REIT Share and one (1) OPCO Share (hereinafter each such paired unit is referred to as a "Paired Share" ") and the Paired Shares referred to in this sentence are herein called the "Purchase Shares"). In addition, the REIT and the OPCO may issue to UBS-LB LBF additional Paired Shares in settlement of certain of its their obligations under the Forward Stock Purchase Agreement, dated December 31, 1997 that certain Agreement (the "Forward Stock Purchase Agreement"), among dated as of the date hereof, between the REIT, the OPCO and UBS-LB LBF (the "Additional Shares"). The Purchase Paired Shares and the Additional Shares are hereinafter collectively called the "Shares. ."