Excess Shares Trust definition

Excess Shares Trust means any separate trust created and administered in accordance with the terms of Section 7.8(iv) for the exclusive benefit of any Beneficiary.

Excess Shares Trust means the trust created pursuant to Section 7.7(i) hereof.

Excess Shares Trust means the trust created pursuant to paragraph A of Section 6.5.

Examples of Excess Shares Trust in a sentence

• Such designation and transfer to the Excess Shares Trust shall be effective as of the close of trading on the Business Day prior to the date of the Transfer to the purported Permitted Transferee and the provisions of this Section 7.8 shall apply to such shares, including, without limitation, the provisions of Sections 7.8(viii) through 7.8(x) with respect to any future Transfer of such shares by the Excess Shares Trust.

• Any designation of Equity Shares as Excess Shares and transfer to an Excess Shares Trust shall be effective as of the close of business on the Business Day prior to the date of the purported Transfer, Acquisition or Non-Transfer Event that results in the conversion.

• Order For the reasons set forth above, it is ORDERED as follows: The Board upholds the agent for the liquidating agent’s decision and denies the appeal of XXXXXXXXX.

• The Prohibited Owner with respect to such Excess Shares shall repay to the Excess Shares Trust the amount of any dividends or other distributions received by it (a) that are attributable to any Equity Shares that have been designated as Excess Shares and (b) which were distributed by the Company to stockholders of record on a record date which was on or after the date that such shares were designated as Excess Shares.

• The Prohibited Owner with respect to such Excess Shares shall repay to the Excess Shares Trust the amount of any dividends or distributions received by it (a) that are attributable to any Equity Shares that have been designated as Excess Shares and (b) which were distributed by the Company to stockholders of record on a record date which was on or after the date that such shares were designated as Excess Shares.

More Definitions of Excess Shares Trust

Excess Shares Trust means the trust created pursuant to Section 7.8.

Excess Shares Trust means the trust created pursuant to Section7.8

Excess Shares Trust. This term shall have the same meaning as the definition of "Excess Shares Trust" in the Company's Articles of Incorporation. Gross Proceeds. The aggregate purchase price of all Shares sold for the account of the Company through the 2004 Offering, without deduction for volume or other discounts. For the purpose of computing Gross Proceeds, the purchase price of any Share for which a reduced purchase price is paid (where net proceeds to the Company are not reduced) shall be deemed to be the full offering price of the Shares, with the exception of Shares purchased pursuant to the Company's reinvestment plan, which will be factored into the calculation of Gross Proceeds using their actual purchase price. Independent Appraiser. A qualified appraiser of real estate as determined by the Board. Membership in a nationally recognized appraisal society such as the Appraisal Institute ("M.A.I.") or the Society of Real Estate Appraisers ("S.R.E.A.") shall be conclusive evidence of such qualification. Independent Director. A Director who is not and within the last two years has not been directly or indirectly associated with the Advisor by virtue of (i) ownership of an interest in the Advisor or its Affiliates, (ii) employment by the Advisor or its Affiliates, (iii) service as an officer or director of the Advisor or its Affiliates, (iv) performance of services, other than as a Director, for the Company, (v) service as a director or trustee of more than three real estate investment trusts advised by the Advisor, or (vi) maintenance of a material business or professional relationship with the Advisor or any of its Affiliates. A business or professional relationship is considered material if the gross revenue derived by the Director from the Advisor and Affiliates exceeds 5% of either the Director's annual gross revenue during either of the last two years or the Director's net worth on a fair market value basis. An indirect relationship shall include circumstances in which a Director's spouse, parents, children, siblings, mothers- or fathers-in-law, sons- or daughters-in-law, or brothers- or sisters-in-law are or have been associated with the Advisor, any of its Affiliates, or the Company. Independent Expert. A Person or entity with no material current or prior business or personal relationship with the Advisor or the Directors and who is engaged to a substantial extent in the business of rendering opinions regarding the value of assets of the type held by the Company. In...

Excess Shares Trust. This term shall have the same meaning as the definition of "Excess Shares Trust" in the Company's Articles of Incorporation.

Excess Shares Trust mean the trust created pursuant to Section 6.12.

Excess Shares Trust. Section 2.2(e)

Excess Shares Trust. Section 2.2(e) "Exchange Act" Section 3.1(f) "Exchange Agent" Section 2.2(a) "Exchange Fund" Section 2.2(a) "Fairness Opinion" Section 3.1(v) "Foreign Antitrust Laws" Section 3.1(f) "Governmental Entity" Section 3.1(c) "HSR Act" Section 3.1(f) "Interim RV Options" Section 4.13(c) "Jamtis" Recitals "Laws" Section 3.1(c) "Litigation" Section 3.1(i) "Material Adverse Effect" Section 3.1(a) DEFINED TERM SECTION REFERENCE