Paired Shares Sample Clauses

Paired Shares. Paired Shares" shall mean the Trust Shares and shares of Corporation Stock which are "paired" pursuant to the Pairing Agreement dated June 25, 1980 between the Trust and the Corporation, as it may be amended from time to time.
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Paired Shares. Such stock certificates or other evidence of the issuance of the Paired Shares, if any, to the Contributing Parties as the Contributing Parties may reasonably request.
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Paired Shares. 3 Partnership . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
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Paired Shares. Notwithstanding the provisions of Sections ------------- 8.05(a), 8.05(b) and 8.05(h), a Limited Partner shall not be entitled to exercise the Redemption Right or the Deferred Redemption Right with respect to any Partnership Units unless the Limited Partner is entitled to exercise and simultaneously exercises its redemption right under the REIT Partnership Agreement with respect to an equal number of REIT Partnership Units of the same class or series so that the General Partner, in cooperation with Patriot REIT, may deliver Paired Shares in redemption of such Partnership Units and REIT Partnership Units. The restriction set forth in this paragraph (j) shall continue in effect until such time as the provisions of the Pairing Agreement shall terminate and be of no further force or effect.
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Paired Shares. Notwithstanding the provisions of Sections ------------- 8.05(a), 8.05(b) and 8.05(h), a Limited Partner shall not be entitled to exercise the Redemption Right or the New Redemption Right with respect to any Partnership Units unless the Limited Partner is entitled to exercise and simultaneously exercises its redemption right under the Management Partnership Agreement with respect to an equal number of Management Partnership Units of the same class or series so that the General Partner and/or the Company, in cooperation with Patriot Operating Company, may deliver Paired Shares in redemption of such Partnership Units and Management Partnership Units. The restriction set forth in this paragraph (j) shall continue in effect until such time as the provisions of that certain Pairing Agreement, dated as of February 17, 1983, as amended from time to time, by and between Patriot American Hospitality, Inc. and Patriot American Hospitality Operating Co., Inc. shall terminate and be of no further force or effect.
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Paired Shares. Notwithstanding the provisions of Sections ------------- 8.05(a) and 8.05(b), a Limited Partner shall not be entitled to exercise the Redemption Right with respect to any Partnership Units unless the Limited Partner is entitled to exercise and simultaneously exercises its redemption right under the Management Partnership Agreement with respect to an equal number of Management Partnership Units of the same class or series so that the General Partner and/or the Company, in cooperation with Patriot Operating Company, may deliver Paired Shares in redemption of such Partnership Units and Management Partnership Units. The restriction set forth in this paragraph (h) shall continue in effect until such time as the provisions of that certain Pairing Agreement, dated as of February 17, 1983, as amended from time to time, by and between Patriot American Hospitality, Inc. and Patriot American Hospitality Operating Company shall terminate and be of no further force or effect. E. Exhibit B to the Agreement, Form of Notice of Exercise of Redemption Right, shall be replaced with Exhibit B appended hereto. ---------
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Paired Shares. Units consisting of one share of beneficial interest, $.01 par value per share, in the REIT and one share of common stock, par value $.01 per share, of OPCO, which shares are paired and traded as a unit.
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Related to Paired Shares

  • Settlement Shares With respect to any Settlement Date other than the Final Date, the number of Shares designated as such by Counterparty in the relevant Settlement Notice or designated by Dealer pursuant to the “Termination Settlement” provisions of Paragraph 7(g) below, as applicable; provided that the Settlement Shares so designated shall (i) not exceed the Number of Shares at that time and (ii) in the case of a designation by Counterparty, be at least equal to the lesser of 100,000 and the Number of Shares at that time, in each case with the Number of Shares determined taking into account pending Settlement Shares; and

  • Acquired Shares Any Shares or other voting securities of the Bank with respect to which beneficial ownership is acquired by Shareholder or its affiliates, including, without limitation, by purchase, as a result of a stock dividend, stock split, recapitalization, combination, reclassification, exchange or change of such Shares or upon exercise or conversion of any securities of the Bank, if any, after the date hereof shall automatically become subject to the terms of this Agreement.

  • Reacquired Shares Any shares of Series A Preferred Stock purchased or otherwise acquired by the Corporation in any manner whatsoever shall be retired and canceled promptly after the acquisition thereof. All such shares shall upon their cancellation become authorized but unissued shares of Preferred Stock and may be reissued as part of a new series of Preferred Stock to be created by resolution or resolutions of the Board of Directors, subject to the conditions and restrictions on issuance set forth herein.

  • Initial Shares The Shares to be purchased by each Underwriter hereunder, in definitive form, and in such authorized denominations and registered in such names as the Representative may request upon at least forty-eight hours’ prior notice to the Company, shall be delivered by or on behalf of the Company to the Representative, including, at the option of the Representative, through the facilities of The Depository Trust Company (“DTC”) for the account of such Underwriter, against payment by or on behalf of such Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the account specified to the Representative by the Company upon at least forty-eight hours’ prior notice. The Company will cause the certificates representing the Initial Shares to be made available for checking and packaging at least twenty-four hours prior to the Closing Time (as defined below) with respect thereto at the office of the Representative, 0000 00xx Xxxxxx Xxxxx, Xxxxxxxxx, Xxxxxxxx 00000, or at the office of DTC or its designated custodian, as the case may be (the “Designated Office”). The time and date of such delivery and payment shall be 9:30 a.m., New York City time, on the third (fourth, if pricing occurs after 4:30 p.m., New York City time) business day after the date hereof (unless another time and date shall be agreed to by the Representative and the Company). The time at which such payment and delivery are actually made is hereinafter sometimes called the “Closing Time” and the date of delivery of both Initial Shares and Option Shares is hereinafter sometimes called the “Date of Delivery.”

  • Vested Shares “Vested Shares” shall mean the shares of Restricted Stock which are no longer subject to the Restrictions by reason of Section 3.2.

  • Purchased Shares Subject to the terms and conditions provided below, Seller shall sell and transfer to Buyers and Buyers shall purchase from Seller, on the Closing Date (as defined in Section 1(c)), all of the Shares.

  • Restricted Shares Employee hereby accepts the Restricted Shares when issued and agrees with respect thereto as follows:

  • The Shares The Shares to be issued and sold by the Company hereunder have been duly authorized by the Company and, when issued and delivered and paid for as provided herein, will be duly and validly issued, will be fully paid and nonassessable and will conform to the descriptions thereof in the Registration Statement, the Pricing Disclosure Package and the Prospectus; and the issuance of the Shares is not subject to any preemptive or similar rights.

  • Option Shares For the purposes of covering any over-allotments in connection with the distribution and sale of the Firm Shares, the Company hereby grants to the Underwriters an option to purchase up to [●] additional shares of Common Stock, representing fifteen percent (15%) of the Firm Shares sold in the offering, from the Company (the “Over-allotment Option”). Such [●] additional shares of Common Stock, the net proceeds of which will be deposited with the Company’s account, are hereinafter referred to as “Option Shares.” The purchase price to be paid per Option Share shall be equal to the price per Firm Share set forth in Section 1.1.1 hereof. The Firm Shares and the Option Shares are hereinafter referred to together as the “Public Securities.” The offering and sale of the Public Securities is hereinafter referred to as the “Offering.”

  • Default Exceeding 10% of Firm Units or Option Units In the event that the default addressed in Section 6.1 above relates to more than 10% of the Firm Units or Option Units, the Representative may in its discretion arrange for itself or for another party or parties to purchase such Firm Units or Option Units to which such default relates on the terms contained herein. If, within one (1) Business Day after such default relating to more than 10% of the Firm Units or Option Units, the Representative does not arrange for the purchase of such Firm Units or Option Units, then the Company shall be entitled to a further period of one (1) Business Day within which to procure another party or parties satisfactory to the Company and the Representative to purchase said Firm Units or Option Units on such terms. In the event the Representative does not arrange for the purchase of the Firm Units or Option Units to which a default relates as provided in this Section 6, this Agreement may be terminated by the Company without liability on the part of the Company (except as provided in Sections 3.12 and 5 hereof) or the several Underwriters (except as provided in Section 5 hereof); provided, however, that if such default occurs with respect to the Option Units, this Agreement will not terminate as to the Firm Units; and provided further that nothing herein shall relieve a defaulting Underwriter of its liability, if any, to the other several Underwriters and to the Company for damages occasioned by its default hereunder.

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