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.
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.
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 Consultant shall ensure that all documentation, information and credentials presented to the DGCA in support of his candidature for the employment are authentic and both parties agree that in the event of the same being found false, fabricated or tempered with, the DGCA reserves its right to summarily terminate the contract/services ex party.
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 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.
A portion of the Shares (the “OP Shares”) are issuable from time to time by the Company to the holders of common units of limited partnership interest (“OP Common Units”) in The Macerich Partnership, L.P., a Delaware limited partnership (the “Operating Partnership”), which may be issued upon conversion of Series D Preferred Units of limited partnership interest in the Operating Partnership into OP Common Units and redeemed by the Company for OP Shares.
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.
C.A. At the Closing Date, and subject to the fulfilment of the conditions to Closing as set forth in Section 5 below, Polar Star OP undertakes to procure for the issuance to the Sellers, and the Sellers undertake (through the Polar Star LP Co sarl) to subscribe for such number of OP Shares equal to the OP Shares Amount (the “Subscription Amount”).