Security Capital Atlantic Incorporated definition

Security Capital Atlantic Incorporated a Maryland corporation ("ATLANTIC"), is issuing as a dividend, at no cost, to each of its shareholders -------- the right (a "Right") to subscribe for and purchase shares of common stock, par ----- value $.01 per share ("Shares"), of ATLANTIC. The issuance of such Rights and ------ the offering of such underlying Shares by ATLANTIC is herein referred to as the "Rights Offering." A holder of Rights who validly exercises all of such --------------- holder's Rights will have the further right to oversubscribe for additional Shares, to the extent that all of the Shares offered in the Rights Offering are not purchased by the exercise of Rights (the "Oversubscription Privilege"). -------------------------- Simultaneously with the Rights Offering, Security Capital Markets Group Incorporated (the "Agent"), an affiliate of ATLANTIC's manager, Security Capital ----- (Atlantic) Incorporated (the "REIT Manager"), will act as a placement agent for ------------ ATLANTIC and seek third-party investors to acquire Shares offered in the Rights Offering that are not sold through the exercise of Rights or the Oversubscription Privilege (the "Unsubscribed Shares"). The Agent and the REIT ------------------- Manager are both subsidiaries of Security Capital Group Incorporated ("Security Capital"). ATLANTIC has prepared and filed with the Securities and Exchange Commission (the "Commission") in accordance with the provisions of the Securities Act of ---------- 1933, as amended, and the rules and regulations of the Commission thereunder (collectively, the "Securities Act"), a registration statement (File No. 333- -------------- 27067) on Form S-11 relating to the Rights Offering. The registration statement as amended to the date of this Agreement is hereinafter referred to as the "Registration Statement" and the related prospectus in the form first used to ----------------------- confirm sales of the Shares in the Rights Offering is hereinafter referred to as the "Prospectus." ----------
Security Capital Atlantic Incorporated a Maryland corporation ("Atlantic"), and Security Capital Industrial Trust, a Maryland real estate investment trust ("SCI"), have each entered into a separate Merger and Issuance Agreement (each, a "Merger and Issuance Agreement"), each dated March __, 1997 with the Company, pursuant to which, among other things, the Company has agreed to issue, on the terms and conditions set forth in each respective Merger and Issuance Agreement, to each of the shareholders of PTR, Atlantic and SCI, Warrants, as hereinafter described (collectively, the "Warrants" and the certificates evidencing the Warrants hereinafter referred to as the "Warrant Certificates"), to purchase up to an aggregate ________ shares of Class B Common Stock, par value $.01 per share (the "Class B Shares"), of the Company (the Class B Shares issuable on exercise of the Warrants being referred to herein as the "Warrant Shares" and, where appropriate, such term shall also mean the other securities or property purchasable and deliverable upon exercise of a Warrant as provided in Section 13 hereof); each Warrant entitles the holder of the Warrant upon exercise to receive from the Company, as adjusted as provided herein, one (1) fully paid, registered and nonassessable Warrant Share at the Exercise Price (as defined herein);
Security Capital Atlantic Incorporated a Maryland corporation ("East"), and Security Capital Pacific Trust, a Maryland real estate investment trust ("West").

Examples of Security Capital Atlantic Incorporated in a sentence

  • Xxxxxxxx, Xx. Facsimile: (000) 000-0000 If to Atlantic: Security Capital Atlantic Incorporated 0000 Xxxxxx Xxxxxx Xxxxxx Xx Xxxx, Xxxxx 00000 Attention: Xxxxx X.

  • Xxxxxxxx, Xx. Facsimile: (000) 000-0000 If to Atlantic: Security Capital Atlantic Incorporated Six Xxxxxxxx Xxxxxx, Xxxxx Xxxxx Xxxxxxx, Xxxxxxx 00000 Attention: Xxxxx X.

  • All notices and other communications hereunder shall be in writing and shall be deemed given if delivered personally, sent via a recognized overnight courier with delivery confirmed in writing or sent via facsimile to the parties at the following addresses (or such other address for a party as shall be specified by like notice): If to the Company: Security Capital Atlantic Incorporated Six Xxxxxxxx Xxxxxx, Xxxxx 000 Xxxxxxx, Xxxxxxx 00000 Attention: Xxxxxxxxx X.

  • Notices shall be addressed as follows: If to the Company: Security Capital Atlantic Incorporated Six Xxxxxxxx Xxxxxx, Xxxxx 000 Xxxxxxx, Xxxxxxx 00000 Attention: Xxxxxxxxx X.

  • Mr. Rogers has also had responsibilities for financial accounting, reporting and forecasting for the former Security Capital Pacific Incorporated and Security Capital Atlantic Incorporated, from their inceptions in December 1993 through June 1994.

  • Whenever notice is required by the ------------------ provisions of this Agreement to be given to ATLANTIC, such notice shall be given in writing addressed to ATLANTIC as follows: Security Capital Atlantic Incorporated Six Piedmont Center Xxxxxxx, Xxxxxxx 00000 Attn: Xxxxxxx X.

  • A Participant's Employer Matching Account will be invested only in Common Stock of Security Capital Atlantic Incorporated (Employer Stock).

  • At the Effective Time, each issued share of common stock of SCAI shall automatically and without further action by any of the parties hereto be converted into __________ [based on $48,071,468] common shares of beneficial interest, par value $.01 per share ("ATLANTIC Common Shares"), of Security Capital Atlantic Incorporated, a Maryland corporation.

  • Insurance Schedule 6.21.(A) Acquisitions of Security Capital Industrial Trust Shares Schedule 6.21.(B) Acquisitions of Security Capital Atlantic Incorporated Shares Schedule 6.21.(C) Acquisitions of Security Capital Pacific Trust Shares Schedule 6.21.(D) Acquisitions of Security Capital U.S. Realty Shares Schedule 6.21.(E) Acquisitions of Homestead Village Incorporated Shares Schedule 6.22.

  • The Trustee will, to the extent directed by the Plan Administrator, invest Employer Matching Contributions in Common Stock of Security Capital Atlantic Incorporated (Employer Stock).


More Definitions of Security Capital Atlantic Incorporated

Security Capital Atlantic Incorporated means Security Capital Atlantic Incorporated, a Maryland corporation.

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