REIT Conversion Date definition

REIT Conversion Date means the date upon which Equinix converts to, becomes, and is otherwise qualified as, a REIT (for this purpose ignoring the requirement to elect to be a REIT, provided that a timely REIT election is ultimately made in due course).
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REIT Conversion Date means the effective date of the REIT Conversion with respect to the Parent.
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REIT Conversion Date means the date on which all of the conditions contained in Section 6 are satisfied.
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Examples of REIT Conversion Date in a sentence

  • In the case of Equinix, at all times on and after the REIT Conversion Date, conduct its affairs and the affairs of its Subsidiaries in a manner so as to continue to qualify as a REIT for U.S. federal income tax purposes.

  • The Borrowers shall not, and shall not permit any Loan Party or Subsidiary to, engage in any material new line of business substantially different from those lines of business conducted by any Borrower or any of its Subsidiaries on the Closing Date or the REIT Conversion Date, including the ownership, acquisition, development, construction, management and rental of Real Property and Unimproved Land and, in each case, any business substantially related, necessary or incidental thereto.

  • On and after the REIT Conversion Date, Host -------------- REIT will meet all of the requirements for qualification as a real estate investment trust under the Code effective for its first taxable year commencing after the REIT Conversion Date.

  • As of the REIT Conversion Date, the Administrative Agent has, for the benefit of the Lenders, a first priority, perfected Lien in and to the Collateral described in each Pledge Agreement (after giving effect to the deliveries and filings required under such Pledge Agreement and applicable law), subject to no other Lien.

  • After the REIT Conversion Date, the Borrowers shall cause the REIT Guarantor to, at all times, have its common stock listed on the New York Stock Exchange, the American Stock Exchange, or the Nasdaq Stock Exchange.

  • After the REIT Conversion Date, the Borrowers shall cause the REIT Guarantor to comply in all material respects with all rules and regulations of the Securities Exchange Commission and shall cause the REIT Guarantor to file all reports required by the Securities Exchange Commission relating to the REIT Guarantor’s publicly-held securities.

  • Effective as of the first day of the first ----------------- taxable year commencing following the REIT Conversion Date, Host REIT shall thereafter operate its business at all times so as to satisfy all requirements necessary to qualify as a real estate investment trust under Sections 856 through 860 of the Code.

  • Effective upon and after the REIT Conversion Date, since the REIT Conversion Date, Equinix (a) qualifies as a REIT (without regard to any election requirement relating to the same), (b) either has already elected to be treated as a REIT or will make a timely REIT election in due course, and (c and (b) is in compliance with all other requirements and conditions imposed under the Code to allow it to maintain its status as a REIT.

  • On and after the REIT Conversion Date, Host REIT is or will be in a position to qualify for such taxable year and for each taxable year thereafter as a real estate investment trust under the Code and its proposed methods of operation will enable it to so qualify.

  • On or prior to the REIT Conversion Date, -------------------- each of the Subsidiary Mergers shall have been consummated, in all material respects, in accordance with Schedule IV, with such exceptions thereto, if any, as may be reasonably satisfactory to the Administrative Agent.


More Definitions of REIT Conversion Date

REIT Conversion Date means the date that the REIT Conversion is finalized, which shall be the effective date of the merger of the Pre-REIT Conversion Borrower with and into the Post-REIT Conversion Borrower.
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REIT Conversion Date means the initial effective date of the Company’s election in accordance with the Code to be treated as a REIT for U.S. federal income tax purposes; provided that, until the Company has made such election, the REIT Conversion Date shall be deemed to be January 1 of the most recent year after 2005 for which the Company has not yet filed its annual U.S. federal income tax return.
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Related to REIT Conversion Date

  • Mandatory Conversion Date has the meaning set forth in Section 7(a).

  • Automatic Conversion Date shall have the meaning specified in Section 15.12(a).

  • Forced Conversion Date shall have the meaning set forth in Section 6(d).

  • Optional Conversion Date means, with respect to the Optional Conversion of any Convertible Preferred Stock, the first Business Day on which the requirements set forth in Section 10(d)(ii) for such conversion are satisfied.

  • Judgment Conversion Date as defined in subsection 10.8(a).

  • Conversion Date shall have the meaning set forth in Section 4(a).

  • Final Conversion Date means 5:00 p.m. in New York City, New York on the earlier to occur following the IPO of (i) the first Trading Day falling on or after the date on which the outstanding shares of Class B Common Stock represent less than ten percent (10%) of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock, (ii) the tenth (10th) anniversary of the IPO or (iii) the date specified by affirmative vote of the holders of a majority of the outstanding shares of Class B Common Stock, voting as a single class.

  • Continuation/Conversion Date means the date on which a Loan is converted into or continued as a LIBOR Rate Loan.

  • Interest Conversion Rate means the lesser of (a) the Conversion Price or (b) 90% of the lesser of (i) the average of the VWAPs for the 20 consecutive Trading Days ending on the Trading Day that is immediately prior to the applicable Interest Payment Date or (ii) the average of the VWAPs for the 20 consecutive Trading Days ending on the Trading Day that is immediately prior to the date the applicable Interest Conversion Shares are issued and delivered if such delivery is after the Interest Payment Date.

  • Term Loan Conversion Date means the Termination Date on which all Revolving Credit Advances outstanding on such date are converted into a term loan pursuant to Section 2.06.

  • Interest Conversion Price means, with respect to any Interest Date, that price which shall be computed as 100.0% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the ten (10) consecutive Trading Days immediately preceding the applicable Interest Date (each, an “Interest Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such period.

  • Fixed Conversion Price shall have the meaning set forth in Section 4(b).

  • Series A Conversion Rate means, as adjusted pursuant to Section 5.8(b)(vi)(E), the number of Common Units issuable upon the conversion of each Series A Preferred Unit, which shall be the quotient of (a) the sum of (i) the Series A Issue Price, plus (ii) any Series A Unpaid Distributions on the applicable Series A Preferred Unit, plus (iii) only for purposes of the definition of “Series A COC Conversion Rate,” any Series A Partial Period Distributions on the applicable Series A Preferred Unit, divided by (b) the Series A Issue Price.

  • Adjusted Conversion Price means the lesser of the Fixed Conversion Price or the Floating Conversion Price one day prior to the record date set for the determination of stockholders entitled to receive dividends, distributions, rights or warrants as provided for in Sections 4(c)(ii), (iii) and (iv).

  • Series B Conversion Price means, as of the applicable Conversion Date, the greater of (A) the average of the Market Values of the Common Stock for the five consecutive Trading Days preceeding (but not including) such Conversion Date, or (B) the then effective Series B Minimum Conversion Price.

  • Applicable Conversion Rate means the Conversion Rate in effect at any given time.

  • Initial Conversion Price has the meaning specified in Section 13.01.

  • Change of Control Conversion Date shall have the meaning provided in the Articles Supplementary.

  • Interest Conversion Shares shall have the meaning set forth in Section 2(a).

  • Fixed Conversion Rates means the Maximum Conversion Rate and the Minimum Conversion Rate.

  • New Conversion Price means the amount determined in accordance with the following formula, which shall apply from the QTE Effective Date: NCP = ECP * (VWAPAES / VWAPOS) where:

  • Default Conversion Price shall have the meaning set forth in Section 4(b).

  • Automatic Conversion means the irrevocable and automatic release of all of the Issuer’s obligations under the Securities (other than the CSO Obligations, if any) in consideration of the Issuer’s issuance of the Conversion Shares at the Conversion Price to the Conversion Shares Depository (on behalf of the holders of the Securities) or to the relevant recipient, in accordance with the terms of the Securities.

  • Forced Conversion Amount means the sum of (a) 100% of the aggregate Stated Value then outstanding and (b) all liquidated damages and other amounts due in respect of the Preferred Stock.

  • Applicable Conversion Price means the Conversion Price in effect at any given time.

  • Date of Conversion Conversion Price:_______________________________________________________________