Annual Distribution Requirements Sample Clauses

Annual Distribution Requirements. The Company shall make quarterly distributions to its shareholders equal, on an annual basis, to at least 95% of the Company's REIT taxable income (computed without regard to the dividends paid deduction and any net capital gains).
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Annual Distribution Requirements. To maintain Ventas’s qualification as a REIT, Ventas is required to distribute dividends, other than capital gain dividends, to Ventas’s stockholders each year in an amount at least equal to the sum of: • 90% of Xxxxxx’s REIT taxable income; and • 90% of Ventas’s after-tax net income, if any, from foreclosure property; minus • the excess of the sum of certain items of non-cash income over 5% of Ventas’s REIT taxable income. For these purposes, Xxxxxx’s REIT taxable income is computed without regard to the dividends paid deduction and Ventas’s net capital gain. In addition, for purposes of this test, non-cash income generally means income attributable to leveled stepped rents, original issue discount, cancellation of indebtedness, or a like-kind exchange that is later determined to be taxable. In addition, Xxxxxx’s REIT taxable income will be reduced by any taxes Ventas is required to pay on any gain Ventas recognizes from the disposition of any asset Ventas acquired from a corporation that is or has been a C corporation in a transaction in which Ventas’s tax basis in the asset is less than the fair market value of the asset, in each case determined as of the date on which Ventas acquired the asset, within the five- year period following Ventas’s acquisition of such asset, as described above in the section entitled “— General” beginning on page 90 of this proxy/prospectus. Generally, a taxpayer’s deduction for net business interest expense will generally be limited to 30% of its taxable income, as adjusted for certain items of income, gain, deduction or loss. Any business interest deduction that is disallowed due to this limitation may be carried forward to future taxable years, subject to special rules applicable to partnerships. If Ventas or any of Ventas’s subsidiary partnerships are subject to this interest expense limitation, Xxxxxx’s REIT taxable income for a taxable year may be increased. Taxpayers that conduct certain real estate businesses may elect not to have this interest expense limitation apply to them, provided that they use an alternative depreciation system to depreciate certain property. Ventas believes that it or any of its subsidiary partnerships that are subject to this interest expense limitation will be eligible to make this election. If such election is made, although Ventas or such subsidiary partnership, as applicable, would not be subject to the interest expense limitation described above, depreciation deductions may be reduced an...
Annual Distribution Requirements. In order to qualify as a REIT, we are required to distribute dividends, other than capital gain dividends, to our stockholders in an amount at least equal to:

Related to Annual Distribution Requirements

  • REIT Distribution Requirements The General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner to make stockholder distributions that will allow the General Partner to (i) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (ii) avoid any federal income or excise tax liability imposed by the Code.

  • Distribution Requirements Arts 3 A course in history, philosophy, theory, or practice of the creative and interpretive arts.

  • Notification Requirements 1. If the Family Leave is foreseeable, the employee must provide the agency/department with thirty (30) calendar days notice of his or her intent to take Family Leave.

  • Investment Company Diversification Requirements The Borrower (together with its Subsidiaries to the extent required by the Investment Company Act) will at all times comply with the portfolio diversification and similar requirements set forth in the Investment Company Act applicable to business development companies. The Borrower will at all times, subject to applicable grace periods set forth in the Code, comply with the portfolio diversification and similar requirements set forth in the Code applicable to RICs.

  • Director Notification Requirement If you are a director, associate director or shadow director of a Singapore company, you are subject to certain notification requirements under the Singapore Companies Act. Among these requirements, you must notify the Singapore subsidiary in writing within two business days of any of the following events: (i) you receive or dispose of an interest (e.g., RSUs or shares of Common Stock) in the Company or any subsidiary of the Company, (ii) any change in a previously-disclosed interest (e.g., forfeiture of RSUs and the sale of shares of Common Stock), or (iii) becoming a director, associate director or a shadow director if you hold such an interest at that time.

  • Notification Requirement Through and up to the conclusion of the Non-Competition Period, Executive shall give notice to the Company of each new business activity he plans to undertake, at least seven (7) days prior to beginning any such activity. Such notice shall state the name and address of the Person for whom such activity is undertaken and the nature of Executive’s business relationship(s) and position(s) with such Person.

  • Additional Termination Requirements ARTICLE X

  • Compliance with Registration Requirements; No Stop Order; No Objection from FINRA For the period from and after the date of this Agreement and through and including the First Closing Date and, with respect to any Optional Shares purchased after the First Closing Date, each Option Closing Date:

  • Compliance with Registration Requirements; No Stop Order; No Objection from NASD For the period from and after effectiveness of this Agreement and prior to the First Closing Date and, with respect to the Optional Common Shares, the Second Closing Date:

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