REIT Qualification definition

REIT Qualification means the Purchaser's satisfaction of the requirements of Section 856(a) of the Code such that the Purchaser will continue to be treated as a real estate investment trust for federal income tax purposes.
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REIT Qualification. The Trust shall take all actions necessary to maintain the Trust's qualification as a REIT and, without the written consent of Buyer, shall take no action that would cause the Trust not to qualify as a REIT or fail to take any action that would preserve the Trust's qualification as a REIT.
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Examples of REIT Qualification in a sentence

  • Except with respect to a Special Optional Redemption (as defined in Section 7(b) below) and a REIT Qualification Optional Redemption (as defined in Section 7(c) below), the Partnership may not redeem the Series G Preferred Units prior to February 13, 2018.

  • Section 8.2(c) of the Merger Agreement is hereby deleted and replaced in its entirety with the following: REIT Qualification Opinion.

  • Section 8.3(d) of the Merger Agreement is hereby deleted and replaced in its entirety with the following: REIT Qualification Opinion.

  • Except with respect to a Special Optional Redemption and a REIT Qualification Optional Redemption (each as defined below), the Corporation may not redeem the Series A Preferred Stock prior to February 13, 2018.

  • PKY (in its capacity as a Series B Preferred Member), by execution hereof, represents and warrants: [ ].28 Section 7.2. REIT Qualification Covenants.

  • The Buyer shall give prompt notice to the Seller if a change in classification discussed in this Section 6.6(a) (Ongoing REIT Qualification) is required by applicable Law.

  • Buyer will, in connection with any transfer that it makes of any of the REIT Interests, obtain covenants, representations and warranties, and conduct reasonable due diligence, sufficient to reasonably conclude that the transferee is a REIT Qualified Buyer and will maintain the REIT’s status as a Real Estate Investment Trust for the REIT Qualification Period and all prior taxable years.

  • You acknowledge and agree that Magnet may include technical measures in the Beta Materials that render them inoperable after a specified period and You agree that You will not circumvent such technical measures.

  • Notwithstanding any provisions contained in this Warrant to the contrary, this Warrant shall not be exercisable or transferable and the Warrant Shares shall not be transferable except upon the conditions specified in this Section 3.3, which conditions are intended, among other things, to insure compliance with the provisions of the Acts and the REIT Qualification Rules in respect of the exercise or transfer of this Warrant or transfer of Warrant Shares.

Related to REIT Qualification

  • pre-qualification means a screening process designed to ensure that invitations to bid are confined to capable providers;

  • Monthly Qualification Cycle means a period beginning one (1) Business Day prior to the first day of the current Statement Cycle through one (1) Business Day prior to the close of the current Statement Cycle.

  • Minimum Qualifications means the requirements of education, training, experience and other basic qualifications for a job.

  • Qualification Date means the date as of which the Offering Statement was or will be qualified with the Commission pursuant to Regulation A, the Act and the Rules and Regulations; and

  • Prequalification means the process to verify the compliance of a reserve providing unit or a reserve providing group with the requirements set by the TSO;