Realization Transaction definition
Realization Transaction means (i) any Initial Public Offering, (ii) any transaction or related series of transactions which results in the REIT Common Shares or the equity securities of any Affiliates being Publicly Traded, (iii) a 144A Transaction of the REIT Common Shares or the equity securities of any Affiliates, or (iv) any transaction or series of related transactions designated as a Realization Transaction by the General Partner in which the business or assets of the Parent REIT, the Parent or the Partnership are sold to or combined with a third party, through merger, consolidation, share exchange, sale, disposition or contribution of substantially all of the assets or otherwise of the Parent REIT, the Parent, the General Partner or the Partnership (as applicable), regardless of whether the Parent REIT, the Parent or the Partnership (as applicable) is the continuing or surviving company in such transaction or related series of transactions.
Examples of Realization Transaction in a sentence
To the extent that the proceeds in respect of a Partial Realization Transaction are paid to the Company, the Investor or their Affiliates or successors in cash, the amount payable to the DC Contributors under this Section 5.12(b) shall likewise be payable in cash, by wire transfer of immediately available funds to an account designated by the DC Contributors.