REIT Share Purchases Sample Clauses
The REIT Share Purchases clause governs the terms under which shares of a Real Estate Investment Trust (REIT) may be bought or sold by parties to an agreement. It typically outlines eligibility requirements for purchasers, procedures for executing share transactions, and any restrictions on transfer or ownership, such as compliance with securities laws or maintaining REIT status. This clause ensures that share transactions are conducted in a manner that protects the REIT’s legal and tax status, while providing clear guidelines for investors and minimizing the risk of non-compliant ownership changes.
REIT Share Purchases. If the General Partner acquires additional REIT Shares pursuant to Article IX of the REIT Charter, the Partnership shall purchase from the General Partner that number of Partnership Units determined by applying the Conversion Multiple to the number of REIT Shares purchased by the General Partner at the same price and on the same terms as those upon which the General Partner purchased such REIT Shares.
REIT Share Purchases. If the General Partner acquires additional REIT Shares pursuant to Article IX of the REIT Charter, the Partnership shall purchase from the General Partner that number of Partnership Units determined by applying the Conversion Multiple to the number of REIT Shares purchased by the General Partner at the same price and on the same terms as those upon which the General Partner purchased such REIT Shares. --------------------------------------------------------------------------------
REIT Share Purchases. If WREIT acquires additional REIT -------------------------------- Shares, the Partnership shall purchase from WREIT that number of Partnership Units determined by dividing the Conversion Multiple to the number of REIT Shares purchased by WREIT at the Conversion Multiple and on the same terms that WREIT purchased such REIT Shares.