DRC Merger definition

DRC Merger means the merger of Old SPG and XxXxxxxxx Realty Corporation and related transactions consummated on August 9, 1996, pursuant to the Agreement and Plan of Merger between Old SPG and XxXxxxxxx Realty Corporation.

DRC Merger means the merger of Old Simon Property and DeBartolo Realty Corporation and related transactions consummated on July 9, 1996, pursuant to the Agreement and Plan of Merger between Old Simon Property and DeBartolo Realty Corporation.

DRC Merger means the merger of Old SPG and XxXxxxxxx Realty Corporation and related transactions consummated on August 9, 1996, pursuant to the Agreement and Plan of Merger between Old SPG and XxXxxxxxx Realty Corporation. "Interest Expense" includes the Operating Partnership's pro rata share of joint venture interest expense and is reduced by amortization of debt issuance costs.

Examples of DRC Merger in a sentence

• In the complaint, the plaintiffs alleged that they were recipients of deferred stock grants under the DRC Plan and that these grants immediately vested under the DRC Plan's "change in control" provision as a result of the DRC Merger.

• Prior to the DRC Merger, 2,108,000 shares of DRC common stock were deemed available for grant to certain designated employees of DRC, also subject to certain performance standards, vesting requirements and other terms of DRC's stock incentive program (the "DRC Plan").

• Plaintiffs asserted that the defendants' refusal to issue them approximately 661,000 shares of DRC common stock, which is equivalent to approximately 450,000 shares of common stock of the Company computed at the 0.68 Exchange Ratio used in the DRC Merger, constituted a breach of contract and a breach of the implied covenant of good faith and fair dealing under Ohio law.

• Plaintiffs asserted that the defendants' refusal to issue them approximately 661,000 shares of DRC common stock, which is equivalent to approximately 450,000 paired shares of common stock of the Companies computed at the 0.68 exchange ratio used in the DRC Merger, constituted a breach of contract and a breach of the implied covenant of good faith and fair dealing under Ohio law.

• In connection with the DRC Merger, the Management Company purchased 95% of the voting stock (665 shares of common stock) of DeBartolo Properties Management, Inc.

• In the complaint, the plaintiffs alleged that they were recipients of deferred stock grants under the DRC stock incentive plan (the "DRC Plan") and that these grants immediately vested under the DRC Plan's "change in control" provision as a result of the DRC Merger.

• In connection with the DRC Merger, the Operating Partnership agreement was amended eliminating the exchange right provision.

• This Excess Investment, which resulted primarily from the CPI Merger and the DRC Merger, is being amortized generally over the life of the related Properties.

• The Boards of Directors of DRC, Merger Sub, and the 16/6 Shareholders shall have approved the transaction contemplated hereby.

• As described in Note 3, in connection with the DRC Merger on August 9, 1996, the Operating Partnership issued 37,877,965 Units to its non-managing general partner, the Company, and 23,219,012 Units to limited partners.

More Definitions of DRC Merger

DRC Merger means the merger of Old Simon Property and XxXxxxxxx Realty Corporation and related transactions consummated on July 9, 1996, pursuant to the Agreement and Plan of Merger between Old Simon Property and XxXxxxxxx Realty Corporation.