Common use of Protective TRS Election Clause in Contracts

Protective TRS Election. The Parent shall make an annual protective election jointly with XX Xxxxx Realty Corp. (“SLG REIT”) for the Parent to be a “taxable REIT subsidiary,” as defined in Section 856(l)(1) of the Code, of SLG REIT by executing an Internal Revenue Service Form 8875 (or any successor form), which election shall state that it is to be effective only if the Parent does not qualify as a REIT for any period covered by such election. The Parent shall deliver such executed form to SLG REIT with respect to each year no later than January 21 of each year for execution and filing by SLG REIT.

Protective TRS Election. The Parent shall make an annual protective election jointly with XX Xxxxx Realty Corp. (“"SLG REIT”") for the Parent to be a “"taxable REIT subsidiary,” " as defined in Section 856(l)(1) of the Code, of SLG REIT by executing an Internal Revenue Service Form 8875 (or any successor form), which election shall state that it is to be effective only if the Parent does not qualify as a REIT for any period covered by such election. The Parent has delivered such executed form to XX Xxxxx with respect to 2004 prior to June 28, 2004 and shall deliver such executed form to SLG REIT with respect to each year subsequent years no later than January 21 of each such year for execution and filing by SLG REIT.

Protective TRS Election. The Parent shall make an annual protective election jointly with XX Xxxxx Realty Corp. (“SLG REIT”) for the Parent to be a “taxable REIT subsidiary,” as defined in Section 856(l)(1) of the Code, of SLG REIT by executing an Internal Revenue Service Form 8875 (or any successor form), which election shall state that it is to be effective only if the Parent does not qualify as a REIT for any period covered by such election. The Parent has delivered such executed form to XX Xxxxx with respect to 2004 prior to June 28, 2004 and shall deliver such executed form to SLG REIT with respect to each year subsequent years no later than January 21 of each such year for execution and filing by SLG REIT.

Protective TRS Election. The Parent shall make an annual protective election jointly with XX Xxxxx Realty Corp. (“"SLG REIT”") for the Parent to be a “"taxable REIT subsidiary,” " as defined in Section 856(l)(1) of the Code, of SLG REIT by executing an Internal Revenue Service Form 8875 (or any successor form), which election shall state that it is to be effective only if the Parent does not qualify as a REIT for any period covered by such election. The Parent has delivered such executed form to XX Xxxxx with respect to 2004 prior to June 15, 2004 and shall deliver such executed form to SLG REIT with respect to each year subsequent years no later than January 21 of each such year for execution and filing by SLG REIT.

Protective TRS Election. The Parent shall make an annual protective election jointly with XX Xxxxx Realty Corp. (“SLG REIT”) for the Parent to be a “taxable REIT subsidiary,” as defined in Section 856(l)(1) of the Code, of SLG REIT by executing an Internal Revenue Service Form 8875 (or any successor form), which election shall state that it is to be effective only if the Parent does not qualify as a REIT for any period covered by such election. The Parent shall deliver such executed form to SLG REIT with respect to each year no later than January 21 of each year for execution and filing by SLG REITSLG.