Common use of REIT Status Clause in Contracts

REIT Status. The Borrower qualifies as, and has elected to be treated as, a REIT and is in compliance with all requirements and conditions imposed under the Internal Revenue Code to allow the Borrower to maintain its status as a REIT.

Appears in 39 contracts

Samples: Term Loan Agreement (Washington Real Estate Investment Trust), Credit Agreement (United Dominion Realty L P), Credit Agreement (UDR, Inc.)

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REIT Status. The Borrower qualifies as, and has elected to be treated as, as a REIT and is in compliance with all requirements and conditions imposed under the Internal Revenue Code to allow the Borrower to maintain its status as a REIT.

Appears in 34 contracts

Samples: Credit Agreement (NNN Reit, Inc.), Credit Agreement (Federal Realty Investment Trust), Term Loan Agreement (UDR, Inc.)

REIT Status. The Borrower qualifies as, and has elected to be treated as, as a REIT and is in compliance with all requirements and conditions imposed under the Internal Revenue Code necessary to allow the Borrower it to maintain its status as a REITsuch qualification.

Appears in 4 contracts

Samples: Credit Agreement (CoreCivic, Inc.), Loan Credit Agreement (CoreCivic, Inc.), Credit Agreement (Corrections Corp of America)

REIT Status. The Borrower qualifies as, and has elected to be treated as, as a REIT and is in compliance with all requirements and conditions imposed under the Internal Revenue Code sufficient to allow the Borrower to maintain its status as a REIT.

Appears in 3 contracts

Samples: Term Loan Agreement (Heritage Property Investment Trust Inc), Credit Agreement (Heritage Property Investment Trust Inc), Credit Agreement (Heritage Property Investment Trust Inc)

REIT Status. The Borrower qualifies as, and has elected to be treated as, as a REIT and is in compliance with all requirements and conditions imposed under the Internal Revenue Code to allow the Borrower it to maintain its status as a REIT.

Appears in 3 contracts

Samples: Credit and Security Agreement (Manhattan Bridge Capital, Inc), Credit and Security Agreement (Manhattan Bridge Capital, Inc), Credit and Security Agreement (Manhattan Bridge Capital, Inc)

REIT Status. The Borrower qualifies as, and has elected to be treated as, a REIT and is in compliance with all requirements and conditions imposed under the Internal Revenue Code to allow the Borrower to maintain its status as a REIT.

Appears in 3 contracts

Samples: Credit Agreement (STORE CAPITAL Corp), Bridge Loan Credit Agreement (STORE CAPITAL Corp), Term Credit Agreement (STORE CAPITAL Corp)

REIT Status. The Borrower qualifies asqualifies, and has elected to be treated assince 1995 qualified, as a REIT and is in compliance with all requirements and conditions imposed under the Internal Revenue Code to allow the Borrower to maintain its status as a REIT.

Appears in 3 contracts

Samples: Management Agreement (Hospitality Properties Trust), Credit Agreement (Hospitality Properties Trust), Credit Agreement (Hospitality Properties Trust)

REIT Status. The Borrower qualifies asqualifies, and has elected to be treated assince 1999 qualified, as a REIT and is in compliance with all requirements and conditions imposed under the Internal Revenue Code to allow the Borrower to maintain its status as a REIT.

Appears in 2 contracts

Samples: Credit Agreement (Senior Housing Properties Trust), Credit Agreement (Senior Housing Properties Trust)

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REIT Status. The Borrower qualifies as, and has elected to be treated as, a REIT REIT, and the Borrower is organized and will operate in compliance conformity with all the requirements for qualification and conditions imposed under the Internal Revenue Code to allow taxation as a REIT, and its proposed method of operation will enable the Borrower to maintain its status meet the requirements for qualification and taxation as a REIT.

Appears in 1 contract

Samples: Credit Agreement (Community Healthcare Trust Inc)

REIT Status. The Borrower qualifies asqualifies, and has elected to be treated astreated, as a REIT and is in compliance with all requirements and conditions imposed under the Internal Revenue Code to allow the Borrower to maintain its status as a REIT.

Appears in 1 contract

Samples: Credit Agreement (Equity Commonwealth)

REIT Status. The Borrower qualifies as, and has elected to be treated as, as a REIT and is in compliance with all requirements and conditions imposed under the Internal Revenue Code to allow the Borrower to maintain its status as a REIT.

Appears in 1 contract

Samples: Credit Agreement (Corporate Property Associates 14 Inc)

REIT Status. The Borrower qualifies as, and has elected to be treated as, a REIT and is in compliance with all requirements and conditions imposed under the Internal Revenue Code to allow the Borrower to maintain its status as a REIT.. (x)

Appears in 1 contract

Samples: Credit Agreement (Washington Real Estate Investment Trust)

REIT Status. The Borrower qualifies as and is properly taxed as, and has elected to be treated since 1995 qualified as and has been properly taxed as, a REIT and is in compliance with all requirements and conditions imposed under the Internal Revenue Code to allow the Borrower to maintain its status as a REIT.

Appears in 1 contract

Samples: Interim Loan Agreement (Hospitality Properties Trust)

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