Common use of Settlement Upon Exchange Clause in Contracts

Settlement Upon Exchange. (a) Upon exchange of any Notes, subject to Sections 13.01, 13.02 and this Section 13.10, the Issuer shall satisfy its obligation upon exchange (the “Exchange Obligation”) by payment and delivery of cash and, if applicable as provided in this Section 13.10, shares of Common Stock for each $1,000 aggregate principal amount of Notes tendered for exchange in accordance with their terms.

Appears in 2 contracts

Samples: Indenture (Medical Properties Trust Inc), Indenture (Medical Properties Trust Inc)

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Settlement Upon Exchange. (a) Upon exchange of any Notes, subject to Sections 13.01, 13.02 and this Section 13.10, the Issuer shall satisfy its obligation upon exchange (the “Exchange Obligation”) by payment and delivery of cash and, if applicable as provided in this Section 13.10herein, shares of Common Stock for each $1,000 aggregate principal amount of Notes tendered for exchange in accordance with their terms.

Appears in 2 contracts

Samples: Extra Space Storage Inc., First Industrial Lp

Settlement Upon Exchange. (a) Upon exchange of any Notes, subject to Sections 13.01, 13.02 and this Section 13.10, the Issuer shall satisfy its obligation upon exchange (the “Exchange Obligation”) by payment and delivery of cash and, if applicable as provided in this Section 13.10herein, shares of Common Stock (which shall be delivered by the General Partner) for each $1,000 aggregate principal amount of Notes tendered for exchange in accordance with their terms.

Appears in 1 contract

Samples: Indenture (BioMed Realty Trust Inc)

Settlement Upon Exchange. (a) Upon exchange of any Notes, subject to Sections 13.01, 13.02 and this Section 13.10, the Issuer shall satisfy its obligation upon exchange (the “Exchange Obligation”) by payment and delivery of cash and, if applicable as provided in this Section 13.10cash, shares of Common Stock Stock, or a combination thereof, as described below, for each $1,000 aggregate principal amount of Notes tendered for exchange in accordance with their terms.

Appears in 1 contract

Samples: Duke Realty Limited Partnership/

Settlement Upon Exchange. (a) Upon exchange of any Notes, subject to Sections 13.0115.01, 13.02 15.02 and this Section 13.1015.10, the Issuer shall satisfy its obligation upon exchange (the “Exchange Obligation”) by payment and delivery of cash and, if applicable as provided in this Section 13.10at the election of the Issuer, shares of Common Stock Stock, or a combination of cash and shares of Common Stock, as described below, for each $1,000 aggregate principal amount of Notes tendered for exchange in accordance with their terms.

Appears in 1 contract

Samples: Indenture (SL Green Operating Partnership, L.P.)

Settlement Upon Exchange. (a) Upon exchange of any NotesDebentures, subject to Sections 13.01, 13.02 and this Section 13.10, the Issuer shall satisfy its obligation upon exchange (the “Exchange Obligation”) by payment and delivery of cash and, if applicable as provided in this Section 13.10herein, shares of Common Stock for each $1,000 aggregate principal amount of Notes Debentures tendered for exchange in accordance with their terms.

Appears in 1 contract

Samples: Indenture (Digital Realty Trust, Inc.)

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Settlement Upon Exchange. (a) Upon exchange of any Notes, subject to Sections 13.0115.01, 13.02 15.02 and this Section 13.1015.10, the Issuer shall satisfy its obligation upon exchange (the “Exchange Obligation”) by payment and delivery of cash the shares (and, if applicable as provided in this applicable, payment of the cash) described under Section 13.10, shares of Common Stock for each $1,000 aggregate principal amount of Notes tendered for exchange in accordance with their terms15.10(b) below.

Appears in 1 contract

Samples: Indenture (Invesco Mortgage Capital Inc.)

Settlement Upon Exchange. (a) Upon exchange of any Notes, subject to Sections 13.0115.01, 13.02 15.02 and this Section 13.1015.10, the Issuer shall satisfy its obligation upon exchange (the “Exchange Obligation”) by payment and delivery of cash and, if applicable as provided in this Section 13.10cash, shares of Common Stock Stock, or a combination thereof, as described below, for each $1,000 aggregate principal amount of Notes tendered for exchange in accordance with their terms.

Appears in 1 contract

Samples: Indenture (Sl Green Realty Corp)

Settlement Upon Exchange. (a) Upon exchange of any Notes, subject to Sections 13.01, 13.02 and this Section 13.10, the Issuer shall satisfy its obligation upon exchange (the “Exchange Obligation”) by payment and delivery of cash andcash, if applicable Shares of Beneficial Interest, or a combination thereof, as provided in this Section 13.10described below, shares of Common Stock for each $1,000 aggregate principal amount of Notes tendered for exchange in accordance with their terms.

Appears in 1 contract

Samples: Indenture (Pennsylvania Real Estate Investment Trust)

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