OP Shares definition

OP Shares means ordinary shares of Polar Star OP;
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OP Shares shall have the meaning set forth in the Recitals.
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OP Shares. Shares issued by a Cooperative Corporation.
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Examples of OP Shares in a sentence

  • The issuance of the OP Shares has been duly authorized and, when and to the extent issued in accordance with the Resolutions, the Prospectus Supplement and the OP Partnership Agreement, the OP Shares will be validly issued, fully paid and nonassessable.

  • Upon any issuance of the OP Shares, the total number of shares of Common Stock issued and outstanding will not exceed the total number of shares of Common Stock that the Company is then authorized to issue under the Charter.

  • The OP Shares will not be issued or transferred in violation of any restriction or limitation contained in Article VI (Restriction on Transfer and Ownership) of the Charter.

  • The issuance of the OP Shares has been duly authorized and, when and if issued upon redemption of OP Units in accordance with the Resolutions and the Partnership Agreement, the OP Shares will be validly issued, fully paid and nonassessable.

  • Except as otherwise provided above or in such resolution, LTIP Units shall be treated as those OP Shares which are not designated as LTIP Units, with all of the rights, privileges and obligations attendant thereto.

  • The Company shall, for conversion, distribution and other purposes, maintain at all times a one-to-one correspondence between LTIP Units and those OP Shares which are not designated as LTIP Units.

  • The OP Shares will be owned by the Seller through a limited partnership, Polar Star LP Co sarl, as described in the Structure Memo attached as Appendix 3.1.

  • Transfers of OP Shares shall require the prior written consent of the Manager, save for in the event of the death or incapacity of the Limited Shareholder whose OP Shares are to be transferred.

  • As a further inducement for the Purchaser to purchase the Private Placement OP Shares, at the time of the completion of the IPO, the REIT and the Purchaser shall enter into a registration rights agreement, pursuant to which the REIT will grant certain registration rights to the Purchaser relating to the Common Stock that may be issued to the Purchaser in exchange for Private Placement OP Shares offered for redemption by the Purchaser.

  • The OP Shares may be held in book-entry format by being recorded in the Company’s register on behalf of one or more persons in the name of a securities settlement system or the operator of such a system or in the name of a professional transfer agent or other depositary of securities or any other depositary or sub-depositary.


More Definitions of OP Shares

OP Shares means ordinary shares issued in the share capital of the Company from time to time;
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Related to OP Shares

  • Coop Shares Shares issued by a Cooperative Corporation.

  • VMTP Shares means Variable Rate MuniFund Term Preferred Shares, $0.00001 par value per share, liquidation preference $100,000 per share plus an amount equal to accumulated but unpaid dividends thereon (whether or not earned or declared), of the Trust. The preferences, voting powers, restrictions, limitations as to dividends, qualifications, and terms and conditions of redemption of each series of VMTP Shares are set forth in the VMTP Shares Statement.

  • Co-op Shares Shares issued by private non-profit housing corporations.

  • PIPE Shares shall have the meaning given in the Recitals hereto.

  • Amalco Shares means the common shares in the capital of Amalco;

  • Buyer Shares means the common stock, with a par value of $0.0001 per share, of Buyer.

  • Merger Shares has the meaning set forth in Section 2.2(c).

  • Parent Shares means the shares of common stock, par value $1.00 per share, of Parent.

  • Unit Shares means the Common Shares comprising part of the Units;

  • Acquired Shares has the meaning set forth in the Recitals.

  • Common Shares means the common shares in the capital of the Corporation;

  • Sold Shares shall have the meaning specified in Section 6.

  • Company Shares means the common shares in the capital of the Company;

  • Exchange Shares has the meaning set forth in Section 2.01(b).

  • Exchanged Shares has the meaning ascribed thereto in Section 2.1.

  • A Shares means a participating share of no par value in the capital of the Fund, denominated in US Dollars;

  • Newco Shares means the common shares in the capital of Newco;

  • Stock Election Shares shall have the meaning set forth in Section 3.2.1.

  • Public Shares means the Ordinary Shares included in the Units issued in the Public Offering; (vi) “Trust Account” shall mean the trust account into which a portion of the net proceeds of the Public Offering and the sale of the Private Placement Warrants shall be deposited; (vii) “Transfer” shall mean the (a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated thereunder with respect to, any security, (b) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (c) public announcement of any intention to effect any transaction specified in clause (a) or (b); and (viii) “Charter” shall mean the Company’s Amended and Restated Memorandum and Articles of Association, as the same may be amended from time to time.

  • Purchaser Shares means the common shares in the capital of the Purchaser.

  • B Shares means a participating share of no par value in the capital of the Fund, denominated in Euro(s);

  • ASA Shares has the meaning set forth in 2.4(a).

  • Closing Shares shall have the meaning ascribed to such term in Section 2.1(a)(i).

  • Purchased Shares has the meaning set forth in Section 2.01.

  • Initial Shares means all of the outstanding shares of Common Stock issued prior to the consummation of the Company’s initial public offering.

  • Subco Shares means the common shares in the capital of Subco;