Unstapling definition

Unstapling means the process that results in the Stapled Units no longer being Stapled.
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Examples of Unstapling in a sentence

  • In the event that the aggregate value of the OpCo Preferred Stock issuable under the terms of this Agreement, including the shares of OpCo Preferred Stock that would otherwise be issued in the Unstapling Issuance, would be less than or equal to 95% of the Aggregate Stapled Stock Value, then the amount of cash payable in lieu of shares of OpCo Preferred Stock shall be increased by the Tax Gross-Up (as hereinafter defined).

  • As of the date of this Agreement, after giving pro forma effect to the consummation of the Merger in accordance with the terms of this Agreement and the consummation of the merger of Wyndham Hotel Corporation with REIT in accordance with the terms described in the preliminary joint proxy statement filed with the SEC on September 23, 1997, OpCo estimates that it may issue up to 4,300,000 shares of OpCo Preferred Stock under Section 1.03(a) before an Unstapling Issuance would result.

Related to Unstapling

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