Paired Shares definition

Paired Shares means the Up MacroShares and the Down MacroShares.

Paired Shares means one share of beneficial interest, par value $.01 per share of the Trust, and one share of common stock, par value $.01 per share, of the Corporation that are subject to the Pairing Agreement, which shares shall be transferable as provided in the Stock Agreement and the Pairing Agreement.

Paired Shares means the shares of common stock of the Corporation and the shares of beneficial interest of the Trust which are paired pursuant to the Pairing Agreement dated June 25, 1980 between the Trust and the Corporation, as amended from time to time.

Examples of Paired Shares in a sentence

• The Authorized Participant directing the Paired Optional Redemption must be the Beneficial Owner of the Paired Shares which are being tendered for redemption, as shown on the records of the Depository.

• Concurrently with the first Paired Issuance of Paired Shares, the Founders' Shares shall be cancelled and shall not thereafter be reissued.

• The Administrative Agent shall make commercially reasonable efforts to maintain a sufficient number of Paired Shares registered pursuant to the Securities Act available for the fulfillment of Creation Orders as they are received.

• All Paired Shares to be issued as the Equity Purchase Price at the Closing in accordance with this Agreement will, when so issued, be duly authorized, validly issued, fully paid and nonassessable and free of preemptive rights and will be paired with each other in the same ratio as all other shares are paired with each other pursuant to the Pairing Agreement.

• Upon the exercise of the Option, in whole or in part, the Company shall deliver or cause to be delivered one or more certificates representing the number of Paired Shares purchased against full payment therefor.

More Definitions of Paired Shares

Paired Shares means units consisting of one Trust Share paired with one Corporation Share (subject to adjustment as contemplated in paragraph (e) of Article 6.15.5 hereof) and represented by a single share certificate, as provided in the Pairing Agreement dated as of June 25, 1980, between the Trust and the Corporation, as amended from time to time.

Paired Shares means (i) "paired shares" (as such term is defined in the Purchase and Sale Agreement), and (ii) shares of capital stock of the Trust or the Corporation issued by the Trust or the Corporation in respect of or in exchange for paired shares in connection with any stock dividend or distribution, stock split-up, recapitalization, recombination or exchange by the Trust or the Corporation generally of such paired shares.

Paired Shares. Paired Shares" shall mean the Trust Shares and the Corporation Shares which are "paired" pursuant to the Pairing Agreement dated June 25, 1980 between the Trust and the Corporation, as it may be amended from time to time.

Paired Shares means units consisting of one Trust Share paired with one Corporation Share and represented by a single share certificate, as provided in the Pairing Agreement dated as of June 25, 1980, between the Trust and the Corporation, as amended from time to time, subject to any changes in the securities constituting a unit of Paired Shares under such Pairing Agreement from time to time.

Paired Shares shall have the meaning ascribed to such term in Recital A of the Authorized Participant Agreement.

Paired Shares means one Share and a PRO RATA beneficial interest in the trust which owns all of the outstanding shares of the Common Stock, par value $0.0001 per share, of SPG Realty that are subject to a trust agreement among certain stockholders of the Managing General Partner, a trustee and SPG Realty, pursuant to which holders of Shares are beneficiaries of such trust agreement.

Paired Shares has the meaning specified in Section 1101.