Hersha REIT definition

Hersha REIT means Hersha Hospitality Trust, a Maryland real estate investment trust and the sole general partner of Hersha OP.
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Examples of Hersha REIT in a sentence

  • If the Company or any Venture Vehicle is required to take or fail to take any action that would adversely affect the ability of Hersha REIT to qualify as a REIT or would subject Hersha REIT to any additional taxes under the REIT Regulations, the Members, upon receipt of notice thereof, will take all actions necessary, or cause the Company and each Venture Vehicle to take such actions, to avoid such adverse consequences but at no or nominal cost to the Cindat Member.

  • The Company shall not take or fail to take any action (or cause any Venture Vehicle to take or fail to take any action) that would adversely affect the ability of Hersha REIT to qualify or continue to qualify as a REIT, or subject Hersha REIT to any additional taxes under Section 857 of the Code or Section 4981 of the Code or the regulations promulgated thereunder (collectively, the “REIT Regulations”).

  • Notwithstanding the provisions of Section 8.1.1 above, without the consent of the Cindat Member, the Hersha Member may permit the Transfer of any portion of the direct or indirect ownership interests in the Hersha Member to any Person provided that at all times Hersha REIT directly or indirectly maintains actual and effective day to day control of the operations and management of the Hersha Member and the Transfer does not trigger a breach under any Credit Document or Franchise Agreement.

Related to Hersha REIT

  • REIT means a real estate investment trust under Sections 856 through 860 of the Code.

  • General partnership means an organization formed under chapters 45-13 through 45-21.

  • General Partners means all such Persons.

  • Operating Partnership has the meaning set forth in the preamble.

  • General Partner means the general partner of the Partnership.

  • SHCP means Secretaría de Hacienda y Crédito Público, the Borrower’s Ministry of Finance and Public Credit.

  • Hospitality means the considerate care of guests, which may include refreshments, accommodation and entertainment at a restaurant, hotel, club, resort, convention, concert, sporting event or other venue such as Company offices, with or without the personal presence of the host. Provision of travel may also be included, as may other services such as provision of guides, attendants and escorts; use of facilities such as a spa, golf course or ski resort with equipment included;

  • TRS means a taxable REIT subsidiary (as defined in Section 856(l) of the Code) of the General Partner.

  • Management Entity means the community developmental disability program or private corporation that operates the regional crisis diversion program, including acting as the fiscal agent for regional crisis diversion funds and resources.

  • Summit means the Summit of the Heads of State or Government of SADC established by Article 9 of this Treaty;

  • Condominium Corporation means a condominium or strata corporation established under provincial legislation.

  • Starwood shall have the meaning assigned to such term in the preamble to this Agreement.

  • Real Estate Investment Trust means any Person that qualifies as a real estate investment trust under Sections 856 through 860 of the Code.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • Virginia real estate investment trust means a real estate investment trust, as defined in 26 U.S.C.

  • Operating Company means an “operating company” within the meaning of 29 C.F.R. §2510.3-101(c) of the Plan Asset Regulations.

  • Management Company means the firm overseeing the operation and management of the Participating Property; and shall mean the Grantee in any event wherein the Management Company is required to perform any obligations under this Agreement.

  • HCP means a Habitat Conservation Plan prepared pursuant to § 10(a)(2)(A) of the ESA (16 U.S.C. § 1539(a)(2)(A)).

  • Other Real Estate means all interests in real estate (other than Bank Premises and Fixtures), including but not limited to mineral rights, leasehold rights, condominium and cooperative interests, air rights and development rights that are owned by the Failed Bank.

  • CDO Asset Manager with respect to any Securitization Vehicle that is a CDO, shall mean the entity that is responsible for managing or administering a Note as an underlying asset of such Securitization Vehicle or, if applicable, as an asset of any Intervening Trust Vehicle (including, without limitation, the right to exercise any consent and control rights available to the holder of such Note).

  • OP means open pit and “UG” means underground.

  • Surviving Partnership has the meaning set forth in Section 11.2.B(ii) hereof.

  • Partnership has the meaning set forth in the Preamble.

  • Partnership Property means any property, real, personal or mixed, or any interest therein or appurtenant thereto which may be owned or acquired by the Partnership.

  • Sole Member means the Person listed on Schedule A hereto, as amended from time-to-time, who owns the sole Membership Interest in the Company upon such terms and conditions as provided in this Agreement and under the Act.

  • CLO Asset Manager means, with respect to any Securitization Vehicle that is a CLO, the entity that is responsible for managing or administering the underlying assets of such Securitization Vehicle or, if applicable, the assets of any Intervening Trust Vehicle (including, without limitation, the right to exercise any consent and control rights available to the Directing Holder).