Examples of Managed REIT in a sentence
Information is material if there is a substantial likelihood that a reasonable investor would consider it important in deciding whether to buy, hold or sell a security, or if the disclosure of the information could reasonably be expected to significantly alter the total mix of information in the marketplace about CIM or a Managed REIT.
When an Director is in possession of material nonpublic or confidential information about the Company, CIM or a Managed REIT, the Covered Person may not pass (or “tip”) that information to others or give trading advice of any kind about CIM’s or another Managed REIT’s securities, except that the Covered Person should, when appropriate, advise others not to trade if doing so might violate the law or this Code.
Permit, as of the last day of each fiscal quarter, the Combined Equity Value to be less than $850,000,000 (resetting upon the acquisition of a Managed REIT to the greater of (i) 75% of the Combined Equity Value calculated on a pro forma basis (giving effect to such acquisition) and (ii) the minimum Combined Equity Value as in effect immediately prior to such acquisition) plus an amount equal to 80% of the Fair Market Value of all Net Offering Proceeds received by the Company after the Closing Date.
The Managed REITs have no employees and we provide the personnel and services necessary for each Managed REIT to conduct its business.
Even if a Managed REIT’s board of directors decides to liquidate, the Managed REIT is under no obligation to conclude a liquidation within a set timeframe because the precise timing of any transaction(s) will depend on the then-prevailing real estate and financial markets, the economic conditions of the areas in which properties are located and the federal income tax consequences to the Managed REIT’s stockholders.
Permit, the Combined Equity Value as of the last day of each fiscal quarter to be less than $3,903,650,000 (resetting upon the acquisition of a Managed REIT to the greater of (i) 75% of the Combined Equity Value calculated on a pro forma basis (giving effect to such acquisition) and (ii) the minimum Combined Equity Value as in effect immediately prior to such acquisition) plus an amount equal to 75% of the Fair Market Value of all Net Offering Proceeds received by the Company after the Closing Date.
Even if a Managed REIT’s board of directors decides to liquidate, the Managed REIT is under no obligation to conclude a liquidation within a set time because the precise timing of the sale of assets will depend on the then-prevailing real estate and financial markets, the economic conditions of the areas in which properties are located and the federal income tax consequences to the Managed REIT’s stockholders.
Information is material if there is a substantial likelihood that a reasonable investor would consider it important in deciding whether to buy, hold or sell a security, or if the disclosure of the information could reasonably be expected to significantly alter the total mix of information in the marketplace about the Company, CIM or a Managed REIT.
When an Director is in possession of material nonpublic or confidential information about the Company, CIM or a Managed REIT, the Covered Person may not pass (or “tip”) that information to others or give trading advice of any kind about CIM’s or Managed REITs’ securities, except that the Covered Person should, when appropriate, advise others not to trade if doing so might violate the law or this Code.