Examples of REIT Common Share in a sentence
The actual number of OP Units to be received by the Limited Partners will be based on the average closing price on the NYSE of a Host REIT Common Share for the 20 trading days after the Effective Date (but will not be less than $9.50 or greater than $15.50 per OP Unit) and will not be finally determined until such time.
The number of Class A OP Units to which the Key Persons (or their respective designees) would be entitled pursuant to this Section 6.1(c) will be equal to (i) the Retirement Fee divided by (ii) the Value of a REIT Common Share as of the Retirement Trigger Date (rounded up to the next whole number of Class A OP Units in the event that the calculation of 9 Class A OP Units equivalent to the Retirement Fee yields any fractional amount of Class A OP Units).
The price of an OP Unit for this purpose will be equal to the average closing price on the NYSE of a Host REIT Common Share for the 20 trading days after the Effective Date of the Mergers (but, subject to adjustment, will not be less than $9.50 or greater than $15.50 per OP Unit).
The causalities that one would think would be of common sense are misleading.
Your OP Units, Host REIT Common Share or Note, as applicable, will be issued promptly after this determination is made.