Sale Restriction Period definition

Sale Restriction Period means, with respect to Contributor, a period of time commencing on the Closing Date and ending on the earlier of (a) the date that is ten years following the Closing Date, or (b) the date on which the number of OP Units initially held by Contributor is less than 25% of the number of OP Units issued to Contributor on the Closing Date.
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Sale Restriction Period means, with respect to each Contributor, (i) a period of time commencing on the Closing Date and ending on the date that is nine years following the Closing Date (the “Initial Sale Restriction Period”) and (ii) an additional period of time commencing at the end of the Initial Sale Restriction Period and ending on a date that is three years following the end of the Initial Sale Restriction Period (the “Sale Restriction Period Extension”); provided, however, that the Sale Restriction Period Extension shall not apply to any Contributor that as of the end of the Initial Sale Restriction Period continues to hold less than 50% of the OP Units issued to such Contributor on the Closing Date.
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Sale Restriction Period means a period of time commencing on the Closing Date and ending on the earlier of (i) the date that is ten (10) years following the Closing Date; or (ii) the date on which more than ninety-five percent (95%) of the Series A Preferred Units issued by the Acquiror pursuant to this Agreement have been disposed of in the aggregate by Contributors in one or more taxable transactions.
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Examples of Sale Restriction Period in a sentence

  • Such adjustments may not be equivalent to the economic value of dividends attached to DB shares during the Share Sale Restriction Period.

  • Notwithstanding the foregoing, after the Effective Time, (i) the provisions of Section 2.5 will terminate at such time as GA and its Controlled Affiliates cease to Beneficially Own more than 50% of the shares of Parent Class A Common Stock acquired by GA and its Controlled Affiliates in the Merger, and (ii) the provisions of Section 4.1 will terminate at the end of the Sale Restriction Period unless earlier terminated as provided in Section 4.1(e).

  • After the expiration of Sale Restriction Period with respect to Contributor, the Operating Partnership shall use its commercially reasonable efforts to provide Guarantee opportunities to Contributor to the extent reasonably necessary to permit Contributor to defer the recognition of tax gain, provided however that the Operating Partnership shall in no event be required to incur any new or additional indebtedness for purposes of this commercially reasonable efforts covenant.

  • It is surrounded to the north by Nicaragua, to the south by Panama, by the Caribbean Sea to the east, and the Pacific Ocean to the west.

  • The conjugal bond in other words is uniting which is the immediate act and the procreation becomes secondary and is thus kept in abeyance.

  • During the Sale Restriction Period, the Operating Partnership shall, upon demand by Contributor, use its reasonable best efforts to allow Contributor to enter into a "bottom dollar guarantee" of Qualifying Debt up to a maximum amount of $1,500,000, in a form to be agreed upon by the parties hereto (a "Guarantee") in accordance with this Section 1.9(c).

  • In the event that the Optionee is assigned outside of France, he/she shall be subject to the aforementioned Share Sale Restriction Period unless an individual waiver of the Share Sale Restriction Period is decided by the Board or the Committee at its own discretion.

  • During the Sale Restriction Period, the Operating Partnership shall, upon demand by Contributor, use its reasonable best efforts to allow Contributor to enter into a "bottom dollar guarantee" of Qualifying Debt up to a maximum amount of $0, in a form to be agreed upon by the parties hereto (a "Guarantee") in accordance with this Section 1.9(c).

  • Performance Shares” is completed as follows:Performance Shares are subject to (i) a risk of forfeiture during the Vesting Period, as described in Section 8.2 of this Addendum, and (ii) restrictions on transfer during the Share Sale Restriction Period, as described in Section 8.3 of this Addendum, as determined by the Committee.

  • During the Sale Restriction Period, the Operating Partnership shall, upon demand by Contributor, use its reasonable best efforts to allow Contributor to enter into a "bottom dollar guarantee" of Qualifying Debt up to a maximum amount of $2,500,000, in a form to be agreed upon by the parties hereto (a "Guarantee") in accordance with this Section 1.9(c).


More Definitions of Sale Restriction Period

Sale Restriction Period means, with respect to Contributor, a period of time commencing on the Closing Date and ending on the date that is ten years following the Closing Date.
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Sale Restriction Period means the period beginning on the Award Date3 and ending on the second anniversary of the Award Date.
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Related to Sale Restriction Period

  • Resale Restriction Termination Date shall have the meaning specified in Section 2.05(c).

  • Put Restriction means the days between the beginning of the Pricing Period and Closing Date. During this time, the Company shall not be entitled to deliver another Put Notice.

  • Restriction Termination Date means the first day on which the Board of Directors of the Corporation determines that it is no longer in the best interests of the Corporation to attempt to, or continue to, qualify as a REIT.

  • Transfer Restriction Event shall have the meaning specified in Section 2.11.

  • Restriction Period means any period designated by the Committee during which (i) the Common Stock subject to a Restricted Stock Award may not be sold, transferred, assigned, pledged, hypothecated or otherwise encumbered or disposed of, except as provided in this Plan or the Agreement relating to such award, or (ii) the conditions to vesting applicable to a Restricted Stock Unit Award shall remain in effect.

  • Restriction Notice has the meaning set forth in Section 8.04(f) hereof.

  • Restriction Release Date means such date, after the Effective Date, that the Board of Directors determines in good faith that it is in the best interests of the Corporation and its stockholders for the transfer restrictions set forth in this Article 4 to terminate.

  • Payment Restriction has the meaning set forth in Section 4.14.

  • Founder Shares Lock-up Period means, with respect to the Founder Shares, the period ending on the earlier of (A) one year after the completion of the Company’s initial Business Combination and (B) subsequent to the Business Combination, (x) if the closing price of the Common Stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Company’s initial Business Combination or (y) the date on which the Company completes a liquidation, merger, capital stock exchange, reorganization or other similar transaction that results in all of the Company’s stockholders having the right to exchange their shares of Common Stock for cash, securities or other property.

  • Holding Period means, with respect to a Hold-the-Offering-Price Maturity, the period starting on the Sale Date and ending on the earlier of (i) the close of the fifth business day after the Sale Date ( ), or (ii) the date on which the Underwriter has sold at least 10% of such Hold-the-Offering-Price Maturity to the Public at prices that are no higher than the Initial Offering Price for such Hold-the-Offering-Price Maturity.

  • Transfer Restriction means any condition to or restriction on the ability of the Subscriber to pledge, sell, assign or otherwise transfer the Shares under any organizational document, policy or agreement of, by or with the Company, but excluding the restrictions on transfer described in paragraph 6(c) of this Subscription Agreement with respect to the status of the Shares as “restricted securities” pending their registration for resale or transfer under the Securities Act in accordance with applicable securities laws.

  • Existing Transfer Restrictions means Transfer Restrictions existing with respect to any securities by virtue of the fact that Counterparty may be an “affiliate” of the Issuer (as such term is defined in Rule 144 under the Securities Act).

  • Period of Restriction means the period during which the transfer of Shares of Restricted Stock are subject to restrictions and therefore, the Shares are subject to a substantial risk of forfeiture. Such restrictions may be based on the passage of time, the achievement of target levels of performance, or the occurrence of other events as determined by the Administrator.

  • Founder Lock-up Period means, with respect to the Founder Shares, the period ending on the earlier to occur of (A) one year after the completion of the Company’s initial Business Combination or earlier if, subsequent to the Company’s initial Business Combination, the last sales price of the Common Stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Company’s initial Business Combination or (B) the consummation by the Company of any subsequent liquidation, merger, stock exchange or other similar transaction, which results in all of the Company’s stockholders having the right to exchange their shares of the Common Stock for cash, securities or other property.

  • Purchase Option Period As defined in Section 9.03(a) hereof.

  • Acquisition Period means the period ending five (5) business days prior to

  • Start-up period means up to a maximum of 7 Academy Financial Years and covers the period up to and including the first Academy Financial Year in which all age groups are present at the Academy (that is, all the pupil cohorts relevant to the age-range of the Academy will have some pupils present).

  • Transfer-Restricted Security means any Security that constitutes a “restricted security” (as defined in Rule 144); provided, however, that such Security will cease to be a Transfer-Restricted Security upon the earliest to occur of the following events:

  • Company Restricted Shares Section 2.4(c)

  • Failed Remarketing Condition—Unpurchased VRDP Shares means that a Beneficial Owner (other than the Liquidity Provider or its affiliates) continues to hold VRDP Shares, that were subject to a valid Tender, after any Purchase Date as a result of the failure by the Liquidity Provider for any reason to purchase such VRDP Shares pursuant to the Purchase Obligation (whether as a result of an unsuccessful Remarketing or a Mandatory Purchase) ("Unpurchased VRDP Shares"), until such time as all Outstanding Unpurchased VRDP Shares are (i) successfully Remarketed, (ii) purchased by the Liquidity Provider pursuant to the Purchase Obligation, or (iii) if not successfully Remarketed or purchased by the Liquidity Provider pursuant to the Purchase Obligation, the subject of a validly tendered Notice of Revocation (or any combination of the foregoing); and any Unpurchased VRDP Shares shall be deemed tendered for Remarketing until the earliest to occur of the foregoing events (i), (ii) or (iii) with respect to such Unpurchased VRDP Shares.

  • Transfer Restrictions means restrictions that prohibit the sale, exchange, transfer, assignment, pledge, hypothecation, fractionalization, hedge or other disposal (including through the use of any cash-settled instrument), whether voluntarily or involuntarily by the Grantee, of an Award or any shares of Common Stock, cash or other property delivered in respect of an Award.

  • Company Restricted Share means each restricted share of Company Common Stock outstanding as of the Effective Time granted pursuant to any equity or compensation plan or arrangement of the Company.

  • Lock-up Period means the period beginning on the date hereof and continuing through the close of trading on the date that is 90 days after the date of the Prospectus (as defined in the Underwriting Agreement).

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of (1) two years following such Change in Control or (2) the Executive’s death.

  • Forfeiture Restrictions means any prohibitions and restrictions set forth herein with respect to the sale or other disposition of Shares issued to the Recipient hereunder and the obligation to forfeit and surrender such shares to the Company.

  • Retention Period means the time period that the Customer Data is stored within the cloud storage, as specified in the product addenda.