SPG Realty definition

SPG Realty means SPG Realty Consultants, Inc.

SPG Realty means SPG Realty Consultants, Inc. "SPG Realty Deemed Partnership Unit Value" with respect to a particular Trust Interest as of any date shall mean the value of the SPG Shares underlying such Trust Interest, which shall be an amount equal to the greater of (i) the aggregate par value of the SPG Share underlying the Trust Interest and (ii) the amount determined in good faith by the Board of Directors of the SPG Managing General Partner to represent the fair market net asset value of the SPG Share underlying the Trust Interest.

Examples of SPG Realty in a sentence

• SPG") are paired with beneficial interests in shares of stock of SPG Realty Consultants, Inc.

• Structural Simplification On December 31, 2002, we continued to simplify our organizational structure by merging SPG Realty Consultants, Inc.

• As a result of the merger, our stockholders who were previously the beneficial owners of the SPG Realty stock are now, by virtue of their ownership of our common stock, the owners of the assets and operations formerly owned or conducted by SPG Realty.

• All of the outstanding stock of SPG Realty was previously held in trust for the benefit of the holders of common stock of Simon Property.

• Simon Property and SPG Realty were entities under common control and the merger of SPG Realty into Simon Property on December 31, 2002 was accounted for similar to a pooling of interests.

• The accompanying statements of operations and comprehensive income, cash flows, shareholders' equity and related disclosures in these notes to financial statements represent the combined results of Simon Property and SPG Realty for the years ended December 31, 2002 and December 31, 2001.

• The holder of the shares represented by this certificate also holds a beneficial interest in shares of stock of SPG Realty Consultants, Inc.

• With respect to Section 4.5 of each of the Simon Group Partnership Agreement and the SRC Partnership Agreement, Simon Group and SPG Realty agree that all amounts received by each of Simon Group and SPG Realty in respect of its dividend reinvestment plan shall be, pursuant to an agreement between such parties, either (i) used to effect open market purchases of Paired Shares or (ii) upon issuance of additional Paired Shares, contributed to the respective parties in exchange for additional Simon Units.

• If Simon Group and SPG Realty do not agree upon the form of consideration for any Simon Unit within such 9-day period, they shall be deemed to have elected to pay for such Simon Units by delivering cash.

• Such election shall be made pursuant to an agreement as to such election between Simon Group and SPG Realty.