Ownership Limit. At any time at which the Company is required to meet the requirements of Section 856(a) of the Code in order to qualify as a REIT, with respect to each class or series of Equity Shares, 9.8% (by vote or value) of the outstanding shares of such Equity Shares.
Appears in 19 contracts
Samples: Advisory Agreement (Global Income Trust, Inc.), Advisory Agreement (CNL Properties Trust, Inc.), Advisory Agreement (CNL Macquarie Global Growth Trust, Inc.)