Shares Available for Future Sale. Federal Income Tax Consequences" and "ERISA Considerations" in the Prospectus, insofar as such statements describe statutes, rules or regulations, legal conclusions with respect to their application or provisions of the organizational documents of the Company, have been reviewed by such counsel, are correct in all material respects and present fairly the information required to be disclosed therein;
Shares Available for Future Sale and "Business and Properties - Federal and State Regulations" and "- Legal Proceedings" fairly summarize the matters therein described.
Shares Available for Future Sale and "Federal Income Tax Considerations" (other than statements regarding Texas tax considerations under the subcaption "-- Other Tax Considerations") to the extent they constitute matters of law, descriptions of statutes, rules or regulations, or legal conclusions, each, respectively, fairly presents in all material respects the information disclosed therein. We have been advised by the New York Stock Exchange, Inc. that the Shares are duly authorized for listing, subject to official notice of issuance. We have been advised by the staff of the Commission that the Registration Statement and all post-effective amendments, if any, have become effective under the Act as of _____ __, 1997 and, to the best of our knowledge, no stop order suspending the effectiveness of the Registration Statement has been issued and no proceedings for that purpose are pending before or contemplated by the Commission, and any required filing of the Prospectus. In addition, we have participated in certain conferences with officers and other representatives of the Company, the Operating Partnership, the Subsidiaries, the Lessee, representatives of the Company's independent accountants and with you and your representatives and counsel in connection with the preparation of the Registration Statement at which the contents of the Registration Statement, and the Prospectus therein and related matters were discussed and, although we have not verified independently and, therefore, do not assume any responsibility, explicitly or implicitly, for the accuracy, completeness or fairness of the statements contained in the Registration Statement or the Prospectus, on the basis of the foregoing, nothing has come to our attention during the course of the above-described process that has caused us to believe that the Registration Statement at the time the Registration Statement became effective, or the Prospectus, as of its date and the date hereof, contained or contains any untrue statement of a material fact or omitted or omits to state a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading (other than information omitted therefrom in reliance on Rule 430A under the Act), except that we express no opinion, view or belief with respect to the financial statements and the notes thereto and the schedules and the other financial, accounting or statistical data included in or excluded from th...
Examples of Shares Available for Future Sale in a sentence
Shares Available for Future Sale As of the date of this report, there are 6,002,736 shares of our common stock issued and outstanding.
As described under "Shares Available for Future Sale" and "The Partnership Agreement of IPLP--Redemption Rights," IPT may (but is not obligated to) issue IPT Common Shares to holders of OP Units upon exercise of their redemption rights, subject to certain restrictions and limitations.
See "Shares Available for Future Sale." Insignia and its affiliates and the purchasers of IPT Common Shares in the Private Offerings possess certain demand and piggyback registration rights regarding their IPT Common Shares.
See "Shares Available for Future Sale" for a discussion of certain transfer restrictions.
The information in the Prospectus under the captions "Certain Provisions of Virginia Law and of the Company's Articles of Incorporation and Bylaws," "Shares Available for Future Sale," and "Federal Income Tax Considerations," to the extent that it constitutes matters of law or legal conclusions, has been reviewed by us, is correct in all material respects, and presents fairly the information required to be disclosed therein under the 1933 Act and the 1933 Act Regulations.
More Definitions of Shares Available for Future Sale
Shares Available for Future Sale. Underwriting," "Tax Matters," and "Available Information" in the Prospectus, insofar as such statements are descriptions or summaries of contracts, agreements or other legal documents, or refer to or constitute statements or matters of law, descriptions of statutes, rules of regulations, or legal conclusions, are accurate and present fairly in all material respects the information required to be shown.
Shares Available for Future Sale. Operating Partnership Agreement," and "Federal Income Tax Considerations," insofar as those statements are descriptions of contracts, agreements or other legal documents, or they describe federal statutes, rules and regulations, and except to the extent such statements are statistics or calculations constitute a fair summary thereof, and the opinion of such counsel filed as Exhibit 8 to the Registration Statement is confirmed and the Underwriters may rely upon such opinion as if it were addressed to them. In rendering such opinion, such counsel may (i) state that its opinion is limited to matters governed by the Federal laws of the United States of America; (ii) rely (to the extent such counsel deems proper and specifies in their opinion), as to matters involving the application of the laws of the States of Maryland, Texas and Delaware upon the opinion of other counsel of good standing, provided that such other counsel is satisfactory to counsel for the Underwriters and furnishes a copy of its opinion to the Representatives; (iii) in giving each of the opinions referred to in Section 7(d)(iv), (v), and (vii), state that such opinion is based upon an examination of the statutes and regulations of certain States referenced in such opinion in the latest unofficial compilations, and that such opinion is subject to the broad discretionary powers of securities commissioners or other authorized officials to, among other things, withdraw or deny the exempt status accorded by statute to particular classes of securities or transactions, to impose additional requirements, to require additional information, and to issue stop orders or to deny, withdraw, revoke or suspend permits or registrations where such have been granted; and (iv) in giving the opinion referred to in subclause (B) in Section 7(d)(viii), state that such opinion with respect to the enforceability of such documents may be limited by bankruptcy, fraudulent conveyance, insolvency, reorganization, moratorium, and other laws relating to or affecting creditors' rights generally and by general equitable principles; provided that such counsel shall state that it believes that both the Underwriters and it are justified in relying upon such opinions of local counsel. Such counsel shall also have furnished to the Representatives a written statement, addressed to the Underwriters and dated such Delivery Date, in form and substance satisfactory to the Representatives, to the effect that (x) such counsel has acted...
Shares Available for Future Sale. Federal Income Tax Considerations" and "Certain Federal Income Tax Considerations" to the extent that it constitutes matters of law or legal conclusions, has been reviewed by such counsel and is correct in all material respects.
Shares Available for Future Sale and "Underwriting" in the Prospectus and Items 14 and 15 of Part II of the Registration Statement, insofar as such statements constitute a summary of the legal matters, documents or proceedings referred to therein, fairly present the information called for with respect to such legal matters, documents and proceedings;
Shares Available for Future Sale and "Federal Income Tax Considerations" to the extent that it constitutes matters of law or legal conclusions, has been reviewed by such counsel and is correct in all material respects. In rendering such opinion, such counsel may rely as to matters of local law, on opinions of local counsel, and as to matters of fact, on certificates of officers of the Company, the Partnership or the Lessee, as applicable, and certificates and verbal advice of governmental officials, in which case their opinion is to state that they are so doing and that the Underwriters are justified in relying on such opinions or certificates and copies of said opinions or certificates are to be attached to the opinion. Such counsel shall also include a statement to the effect that nothing has come to such counsel's attention that would lead such counsel to believe that either at the effective date of the Registration Statement or at the applicable Closing Date the Registration Statement or the Prospectus, or any amendment or supplement thereto, contains any untrue statement of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements therein not misleading (other than with respect to the financial statements, the notes thereto and the related financial schedules and other financial or statistical data as to which such counsel need express no opinion).
Shares Available for Future Sale. Regulation and Supervision" and "Description of Capital Stock" are fairly presented in all material respects and prepared on a basis consistent in all material respects with the audited financial statements of the Company.
Shares Available for Future Sale. Certain Federal Income Tax Considerations" and "ERISA Considerations" insofar as those statements are descriptions of contracts, agreements or other legal documents, or they describe federal statutes, rules and regulations, constitute a fair summary thereof.