Vornado REIT Sample Clauses

Vornado REIT. The total number of shares of beneficial interest Vornado REIT is authorized to issue is 440,000,000 shares, consisting of 150,000,000 shares of common stock, par value $.04 per share ("Vornado Common Shares"), 70,000,000 shares of preferred stock, no par value per share, of which 5,679,727 shares have been designated as $3.25 Series A Convertible Preferred Shares (liquidation preference $50.00 per share) ("Vornado Series A Preferred Shares"), 3,400,000 shares have been designated as 8.5% Series B Cumulative Redeemable Preferred Shares (liquidation preference $25.00 per share) ("Vornado Series B Preferred Shares"), 4,600,000 shares have been designated as 8.5% Series C Cumulative Redeemable Preferred Shares (liquidation preference $25.00 per share) ("Vornado Series C Preferred Shares"), 3,500,000 shares have been designated as Series D-1 8.5% Cumulative Redeemable Preferred Shares (liquidation preference $25.00 per share) ("Vornado Series D-1 Preferred Shares"), 549,336 shares have been designated as 8.375% Series D-2 Cumulative Redeemable Preferred Shares (liquidation preference $50.00 per share) ("Vornado Series D-2 Preferred Shares"), 8,000,000 shares have been designated as 8.25% Series D-3 Cumulative Redeemable Preferred Shares (liquidation preference $25.00 per share) ("Vornado Series D-3 Preferred Shares"), 5,000,000 shares have been designated as Series D-4 8.25% Cumulative Redeemable Preferred Shares (liquidation preference $25.00 per share) ("Vornado Series D-4 Preferred Shares"), 7,480,000 shares have been designated as Series D-5 8.25% Cumulative Redeemable Preferred Shares (liquidation preference $25.00 per share) ("Vornado Series D-5 Preferred Shares"), 1,000,000 shares have been designated as Series D-6 8.25% Cumulative Redeemable Preferred Shares (liquidation preference $25.00 per share) ("Vornado Series D-6 Preferred Shares"), 7,200,000 shares have been designated as Series D-7 8.25% Cumulative Redeemable Preferred Shares (liquidation preference $25.00 per share) ("Vornado Series D-7 Preferred Shares"), 360,000 shares have been designated as Series D-8 8.25% Cumulative Redeemable Preferred Shares (liquidation preference $25.00 per share) ("Vornado Series D-8 Preferred Shares"), 1,800,000 shares have been designated as Series D-9 8.25% Cumulative Redeemable Preferred Shares (liquidation preference $25.00 per share) ("Vornado Series D-9 Preferred Shares") (collectively, the "Vornado Preferred Shares"), and 220,000,000 shares of excess stock,...
Sample 1
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Related to Vornado REIT

  • REIT A “real estate investment trust” under Sections 856 through 860 of the Code or as may be amended. Sale or Sales. Any transaction or series of transactions whereby: (i) the Company or the Operating Partnership directly or indirectly (except as described in other subsections of this definition) sells, grants, transfers, conveys, or relinquishes its ownership of any Real Property or portion thereof, including the lease of any Real Property consisting of a building only, and including any event with respect to any Real Property which gives rise to a significant amount of insurance proceeds or condemnation awards; (ii) the Company or the Operating Partnership directly or indirectly (except as described in other subsections of this definition) sells, grants, transfers, conveys, or relinquishes its ownership of all or substantially all of the interest of the Corporation or the Operating Partnership in any Joint Venture in which it is a co-venturer or partner; (iii) any Joint Venture directly or indirectly (except as described in other subsections of this definition) in which the Company or the Operating Partnership as a co-venturer or partner sells, grants, transfers, conveys, or relinquishes its ownership of any Real Property or portion thereof, including any event with respect to any Real Property which gives rise to insurance claims or condemnation awards; or (iv) the Company or the Operating Partnership directly or indirectly (except as described in other subsections of this definition) sells, grants, conveys or relinquishes its interest in any Real Estate Related Asset or portion thereof (including with respect to any Mortgage, all payments thereunder or in satisfaction thereof other than regularly scheduled interest payments) of amounts owed pursuant to such Mortgage and any event which gives rise to a significant amount of insurance proceeds or similar awards; or (v) the Company or the Operating Partnership directly or indirectly (except as described in other subsections of this definition) sells, grants, transfers, conveys, or relinquishes its ownership of any other asset not previously described in this definition or any portion thereof, but not including any transaction or series of transactions specified in clauses (i) through (v) above in which the proceeds of such transaction or series of transactions are reinvested by the Company in one or more assets within 180 days thereafter.

  • Operating Partnership Operating Partnership shall have the meaning set forth in the preamble of this Agreement.

  • Management of Partnership Section 2.01

  • Management of the Partnership (a) Except as otherwise expressly provided in this Agreement, the General Partner shall have full, complete and exclusive discretion to manage and control the business of the Partnership for the purposes herein stated, and shall make all decisions affecting the business and assets of the Partnership. Subject to the restrictions specifically contained in this Agreement, the powers of the General Partner shall include, without limitation, the authority to take the following actions on behalf of the Partnership:

  • General Partner (a) The business, property and affairs of the Partnership shall be managed under the sole, absolute and exclusive direction of the General Partner, which may from time to time delegate authority to officers or to others to act on behalf of the Partnership.

  • Partnership Capital A. No Partner shall be paid interest on any Capital Contribution to the Partnership or on such Partner's Capital Account, notwithstanding any disproportion therein as between Partners.

  • General Partners Each Plains Entity or GP Entity that serves as a general partner of another Plains Entity or GP Entity has full corporate or limited liability company power and authority, as the case may be, to serve as general partner of such Plains Entity or GP Entity, in each case in all material respects, as disclosed in the Pricing Disclosure Package and the Prospectus.

  • Tax Partnership It is the intention of the Members that the Company be classified as a partnership for U.S. federal income tax purposes. Unless otherwise approved by each Member, neither the Company nor any Member shall make an election for the Company to be excluded from the application of the provisions of subchapter K of chapter 1 of subtitle A of the Code or any similar provisions of applicable state Law or to be classified as other than a partnership pursuant to Treasury Regulation Section 301.7701-3.

  • Taxation as Partnership The Company shall be treated as a partnership for U.S. federal income tax purposes.

  • No Partnership, Etc The Lenders and Borrower intend that the relationship between them shall be solely that of creditor and debtor. Nothing contained in this Agreement, the Notes or in any of the other Credit Facility Documents shall be deemed or construed to create a partnership, tenancy-in-common, joint tenancy, joint venture or co-ownership by or between the Lenders and Borrower or any other Person.

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