Lessee Ownership Limitation. Anything contained in this Lease to the contrary notwithstanding, neither Lessee nor any affiliate of the Lessee shall acquire, directly or indirectly, a ten percent (10%) or more interest in Lessor, within the meaning of Section 856(d)(2)(B) of the Internal Revenue Code of 1986, or any similar or successor provisions thereto.
Appears in 5 contracts
Samples: Lease Agreement (Crescent Real Estate Equities Inc), Lease Agreement (Crescent Operating Inc), Lease Agreement (Crescent Real Estate Equities Inc)
Lessee Ownership Limitation. Anything contained in this Lease to the contrary notwithstanding, neither Lessee nor any affiliate an Affiliate of the Lessee shall acquire, directly or indirectly, a ten percent (10%) % or more interest in Lessor, within the meaning of Section 856(d)(2)(B) of the Internal Revenue Code of 1986Code, or any similar or successor provisions provision thereto.
Appears in 3 contracts
Samples: Lease Agreement (Host Funding Inc), Lease Agreement (Host Funding Inc), Lease Agreement (Host Funding Inc)
Lessee Ownership Limitation. Anything contained in this Lease to the contrary notwithstanding, neither Lessee nor any affiliate or an Affiliate of the Lessee shall acquire, directly or indirectly, a ten percent (10%) or more interest in Lessor or the direct or indirect owner of Lessor, within the meaning of Section 856(d)(2)(B) of the Internal Revenue Code (or, if applicable, a five percent (5%) or more interest as set forth in Section 7704 of 1986the Code), or nor any similar or successor provisions thereto.
Appears in 2 contracts
Samples: Percentage Lease Agreement (Boykin Lodging Co), Percentage Lease Agreement (Red Lion Inns Limited Partnership)
Lessee Ownership Limitation. Anything contained in this Lease to the contrary 235 notwithstanding, neither Lessee nor any affiliate or an Affiliate of the Lessee shall acquire, directly or indirectly, a ten percent (10%) % or more interest in Lessor, 's general partner within the meaning of Section 856(d)(2)(B) of the Internal Revenue Code of 1986code, or any similar or successor provisions provision thereto.
Appears in 1 contract
Samples: Revolving Credit Agreement (Sunstone Hotel Investors Inc)
Lessee Ownership Limitation. Anything contained in this Lease to the contrary notwithstanding, neither Lessee nor any affiliate of the Lessee shall acquire, directly or indirectly, a ten percent (10%) or more interest in Lessorthe REIT, within the meaning of Section 856(d)(2)(B) of the Internal Revenue Code of 1986Tax Code, or any similar or successor provisions thereto.
Appears in 1 contract
Samples: Lease Agreement (Behringer Harvard Opportunity REIT I, Inc.)
