DRC Merger definition

DRC Merger means the merger of Old SPG and XxXxxxxxx Realty Corporation and related transactions consummated on August 9, 1996, pursuant to the Agreement and Plan of Merger between Old SPG and XxXxxxxxx Realty Corporation.

DRC Merger means the merger of Old Simon Property and DeBartolo Realty Corporation and related transactions consummated on August 9, 1996, pursuant to the Agreement and Plan of Merger between Old Simon Property and DeBartolo Realty Corporation.

DRC Merger means the merger of Old Simon Property and XxXxxxxxx Realty Corporation and related transactions consummated on July 9, 1996, pursuant to the Agreement and Plan of Merger between Old Simon Property and XxXxxxxxx Realty Corporation.

Examples of DRC Merger in a sentence

• In the complaint, the plaintiffs alleged that they were recipients of deferred stock grants under the DRC Plan and that these grants immediately vested under the DRC Plan's "change in control" provision as a result of the DRC Merger.

• He joined DRC in 1993, where he served as Senior Vice President and Chief Financial Officer up to the DRC Merger.

• Mr. Giuliano has served as Senior Vice President since the DRC Merger.

• Plaintiffs asserted that the defendants' refusal to issue them approximately 661,000 shares of DRC common stock, which is equivalent to approximately 450,000 shares of common stock of the Company computed at the 0.68 Exchange Ratio used in the DRC Merger, constituted a breach of contract and a breach of the implied covenant of good faith and fair dealing under Ohio law.

• Prior to the DRC Merger, 2,108,000 shares of DRC common stock were deemed available for grant to certain designated employees of DRC, also subject to certain performance standards, vesting requirements and other terms of DRC's stock incentive program (the "DRC Plan").

• The executive officers of SPG serve at the pleasure of the Board of Directors and have served in such capacities since the formation of SPG in 1993, with the exception of Mr. Mautner, who has held his office since the CPI Merger and Mr. Sokolov and Mr. Giuliano who have held their offices since the DRC Merger.

• The executive officers of SPG serve at the pleasure of the Board of Directors and have served SPG's predecessor since its formation in 1993, with the exception of Mr. Mautner, who has held his office since the CPI Merger and Mr. Sokolov, Mr. Giuliano and Ms. Alshab who have held their offices since the DRC Merger.

• As described in Note 3, in connection with the DRC Merger on August 9, 1996, the Operating Partnership issued 37,877,965 Units to its non-managing general partner, the Company, and 23,219,012 Units to limited partners.

• Plaintiffs asserted that the defendants' refusal to issue them approximately 542,000 shares of DRC common stock, which is equivalent to approximately 370,000 Paired Shares computed at the 0.68 exchange ratio used in the DRC Merger, constituted a breach of contract and a breach of the implied covenant of good faith and fair dealing under Ohio law.

• On August 9, 1996, the Company acquired, through merger (the "DRC Merger"), the national shopping center business of DeBartolo Realty Corporation ("DRC").

More Definitions of DRC Merger

DRC Merger means the merger of Old SPG and XxXxxxxxx Realty Corporation and related transactions consummated on August 9, 1996, pursuant to the Agreement and Plan of Merger between Old SPG and XxXxxxxxx Realty Corporation. "Interest Expense" includes the Operating Partnership's pro rata share of joint venture interest expense and is reduced by amortization of debt issuance costs.