QRS definition

QRS. A qualified REIT subsidiary within the meaning of Section 856(i) of the Code.
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QRS means a Person qualifying for treatment either as a “qualified REIT subsidiary” under Section 856(i) of the Code, or as an entity disregarded as an entity separate from its owner under Treasury Regulations under Section 7701 of the Code.
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QRS means any corporation that is treated for U.S. federal Income Tax purposes as a “qualified REIT subsidiary” (within the meaning of Section 856(i)(2) of the Code) with respect to any REIT.
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Examples of QRS in a sentence

  • The Parent REIT is qualified as a REIT and the Borrower is qualified as a REIT, a partnership or a disregarded entity (in each case, for federal income tax purposes), a TRS or a QRS, and each of their Subsidiaries that is a corporation is either a TRS or a QRS.

  • The issued and outstanding equity interests of Colony Financial Holdings, LLC (formerly Colony Financial QRS, LLC) (the “TRS”) have been duly authorized and validly issued and are fully paid and non-assessable; and none of the outstanding equity interests of the TRS was issued in violation of the preemptive or other similar rights of any securityholder of the TRS.

  • QRS will reimburse you for all business expenses reasonably incurred by you in the performance of your duties hereunder.

  • The Company shall also provide in its bylaws, a full indemnification for you as a QRS officer, to the maximum extent permissible under Delaware law.

  • No person shall become a Certificateholder until it shall establish its status as a real estate investment trust ("REIT") or as a "qualified REIT subsidiary" ("QRS") within the meaning of Section 856(a) or Section 856(i) of the Code, respectively, by submitting to the Certificate Registrar and the Owner Trustee, the Transferee Certificate set forth in Exhibit H hereto.


More Definitions of QRS

QRS any corporation (other than a Taxable REIT Subsidiary) if 100 percent of the stock of such corporation is held by the Company and/or any wholly-owned subsidiary of the Company that is disregarded for federal income tax purposes (including any QRS of the Company).
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QRS means qualified real estate investment trust subsidiaries.
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QRS means quantitative restrictions placed by the Guarantor on imported goods;
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QRS has the meaning set forth in the definition of “Company Conversion.”
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QRS means a Wholly Owned Subsidiary of REIT that is a qualified real estate investment trust subsidiary within the meaning of the Internal Revenue Code.
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QRS means a Person qualifying for treatment as a “qualified REIT subsidiary” under Section 856(i) of the Code. “RCRA” means the Resource Conservation and Recovery Act (42 U.S.C. §§ 6991-6991i).
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QRS means quasi-rent stabilization, as more specifically described in the QRS Agreement.
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