property shares definition
property shares means securities in and of a fixed property company;
property shares means shares in and of -
property shares means securities in and of -
More Definitions of property shares
property shares means an aggregate of 146,540 shares of Common Stock issued by the Company pursuant to (i) the Omnibus Option Agreement dated as of May 4, 2004 among the Company, Tampa Westshore Hotel, Inc. and KY Florida Hotel Investors, Inc. and (ii) the Omnibus Option Agreement dated as of May 4, 2004 among the Company, Rochester Downtown Hotel, Inc. and KY Florida Hotels Investors, Inc., in exchange for the Property as defined therein), (i) “Private Shares” means an aggregate of 208,332 shares of Common Stock issued to Corporex Companies LLC (“Corporex”) in a private placement (the “Private Sale”) pursuant to that certain Subscription Agreement, dated as of May 5, 2004, between the Company and Corporex (the “Subscription Agreement”), (j) “Formation Agreements” means (1) the Contribution Agreements with respect to each of the Contributed Entities, (2) the Tax Indemnification and Debt Maintenance Agreements, dated as of August , 2004, among the Company and the Contributors with respect to each of the Contributed Entities, (3) (A) the Director Designee Agreement dated as of , 2004, between the Company and Corporex, (B) the Non-Competition and Right of First Refusal Agreement, dated as of , 2004, among the Operating Partnership, the Manager, ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ and ▇▇▇▇▇▇ ▇. ▇▇▇, and (C) the Strategic Alliance Agreement among the Operating Partnership, the Company, Corporex and ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, (4) the Management Agreement between the TRS Lessee and Commonwealth Hotels, Inc., (5) the Lease Agreement between the Operating Partnership and the TRS Lessee with respect to each of the Properties, (6) the Subscription Agreement, and (7) the [Closing Agreement] for each of the Contributed Entities, and (k) Independent Directors means those directors determined by the Company’s Board of Directors to be “independent” in accordance with the Corporate Governance Rules of the New York Stock Exchange or, in the event that the Common Stock is not listed on the New York Stock Exchange, in accordance with applicable rules. If the foregoing is in accordance with your understanding, please so indicate in the space provided below for that purpose, whereupon this letter shall constitute a binding agreement among the Company, the Operating Partnership and the Underwriters. EAGLE HOSPITALITY PROPERTIES TRUST, INC. By: Name: Title: EHP OPERATING PARTNERSHIP, L.P. By: Eagle Hospitality Properties Trust, Inc., its general partner By: Name: Title: Accepted in St. Louis, Missouri as of the date firs...
property shares means Partners’ shares in the Partnership.