Examples of SLP Shares in a sentence
If a Class of REIT Shares other than SLP Shares are Listed, such registration rights agreement shall provide for conversion of SLP Shares to the Listed Class of REIT Shares based on the relative net asset value per share, determined on a consistent basis, and the registration rights above shall apply to the REIT Shares received upon such conversion of SLP Shares.
With respect to any REIT Shares held by the Special Limited Partner or issuable to it in exchange for Partnership Units pursuant to Section 8.5(a) (collectively, the “SLP Shares”), within six months after a Listing of any Class of REIT Shares, the Special Limited Partner and General Partner covenant and agree to negotiate in good faith and enter into a registration rights agreement for the SLP Shares with terms mutually agreeable to the Special Limited Partner and General Partner.
In relation to each of Year 1 and Year 2, the proportion of the Earn Out Amount affected to the consideration of the Contributed Shares (the “Contributed Shares Earn Out”) shall be determined in accordance with the Breakdown, being specified that, any Earn Out Payment in relation with the Contributed Shares shall exclusively be made in the form of New SLP Shares.
This Agreement shall be governed by the laws of France, except for those agreements / documents relating to the issuance of New SLP Shares and Earn Out New SLP Shares which will be governed by the federal laws of the United States and the laws of the State of California.
Certificates of the New SLP Shares dated on Closing Date shall be delivered by the Purchaser to the Contributors within five (5) Business Days from the Closing Date.
At Closing Date, the Purchaser shall pay to the Sellers by wire transfer the Cash Closing Payment in accordance with Article 4.3.1 and issue New SLP Shares in accordance with Article 5 (Contribution of the Contributed Shares) and Article 9.1 and provide the Contributors with the share certificates corresponding to the relevant New SLP Shares within five (5) Business Days from the Closing Date.
Each Transferor shall become the record and beneficial owner of such Transferor’s allocation of the New SLP Shares, including the Escrowed New SLP Shares, effective as from the Closing on the Closing Date.
The transfer of ownership of the Contributed Shares and the irrevocable issuance of the New SLP Shares, including the Escrowed New SLP Shares shall occur simultaneously on Closing Date, subject to (i) the fulfilment of the Condition Precedent set forth in Article 10 (Condition Precedent) and (ii) the operations set forth in Article 11 (Completion).