Examples of OP Interests in a sentence
From and after termination of Plan participation for any reason, Dividends and/or Distributions will be distributed to the Stockholder or holder of OP Interests in cash.
At the close of business on August 1, 2019, (i) 52,229,664 shares of STAR Common Stock were issued and outstanding, (ii) 1,000 shares of STAR Convertible Stock were issued and outstanding, (iii) no shares of STAR Preferred Stock were issued and outstanding, (iv) 965,011 shares of STAR Common Stock were available for grant under the STAR Equity Incentive Plan, and (v) no shares of STAR Common Stock were reserved for issuance upon redemption of STAR OP Interests.
Neither party may assign this agreement or its rights hereunder without the consent of the other party, except that Atlas may designate another entity to receive the transfer of the OP Interests.
Atlas will execute and deliver the Notes, and Atlas and FINOVA will execute and deliver appropriate transfer documents to provide for the transfer to Atlas (or to another party designated by Atlas) of the OP Interests.
FINOVA agrees to sell to Atlas, and Atlas agrees to purchase from FINOVA, the OP Interests on the terms and conditions set forth herein.
The parties agree to give such notices prior to Closing and enter into such definitive agreements and transfer documents at Closing as are necessary to reflect the terms set forth herein and effect the transfer of the OP Interests.
The purchase price for the OP Interests will be $5.0 million for each Aircraft and will be payable by Atlas by delivery at the Closing of its ten-year $5.0 million principal amount promissory notes (the “Notes”) with the terms and payable as provided on Schedule 1 hereto.
Parent shall also take any other action required to be taken under the Securities Act, any applicable foreign or state securities or “blue sky” Laws and the rules and regulations thereunder in connection with the issuance of the new Parent OP Interests in connection with the Partnership Merger, and the Company shall furnish all information concerning the Company, the Partnership and the holders of the Partnership OP Units as may be reasonably requested in connection with any such actions.
Any fractional new Parent OP Interests that would otherwise be issued to any holder of Partnership OP Units shall be rounded up to the nearest whole number and the holders of Partnership OP Units shall not be entitled to any further consideration with respect thereto.
Any Stockholder or holder of OP Interests who has received a prospectus, as contained in the Company’s registration statement filed with the Securities and Exchange Commission (the “Commission”), may elect to become a Participant by completing and executing the subscription agreement, an enrollment form or any other appropriate authorization form as may be available from the Company, the Partnership, the Dealer Manager or Soliciting Dealer.