OP Shares definition
Examples of OP Shares in a sentence
The OP Shares will be owned by the Seller through a limited partnership, Polar Star LP Co sarl, as described in the Structure Memo attached as Appendix 3.1.
Each Seller agrees that if its OP Shares are tendered for redemption, it will execute a notice of redemption or similar document that contains the certifications and covenants described in this paragraph with respect to the shares of common stock of Polar Star REIT issuable upon redemption of such OP Shares.
The closing of the issuance and subscription of the Private Placement OP Shares hereunder will take place concurrently with, and shall be subject to, the completion of the IPO and receipt of the aggregate subscription price for the Private Placement OP Shares on the bank account of the Company.
Obligo’s liability under this Agreement for any breach or indemnity obligation shall always be limited to a total maximum of the value of the OP shares and Class B OP Shares as of the Closing Date.
The OP Shares are non-transferrable, in whole or in part, without the written consent of Nordic ▇▇ ▇▇▇ Co. S.à ▇.
Subject to and concurrent with the consummation of the IPO, the Company shall issue to the Purchaser and the Purchaser shall subscribe for, at a subscription price per Private Placement Share equal to the public offering price per share of Common Stock sold in the IPO, the Private Placement OP Shares.
Each certificate, if any, representing the Private Placement OP Shares shall be endorsed with the following legend or a substantially similar legend: "The securities represented by this certificate have not been registered under the Securities Act of 1933, as amended, and are "restricted securities" as defined in Rule 144 promulgated under the Securities Act.
The OP Shares are subject to restrictions on transfer set forth of the articles of association of the Company.
Following the issuance of the Private Placement OP Shares, the shareholders' register of the Company will be updated in order to indicate the Purchaser as the holder of the Private Placement OP Shares.
Anything less than two (2) weeks’ notice, one-half of the payment will be refunded.