REIT Securities definition
Examples of REIT Securities in a sentence
In the event the General Partner shall give such notice, the General Partner shall extend the period during which the Shelf Registration Statement shall be maintained effective pursuant to Section 8.8.B(1) hereof by the number of days for which the Reorganization Limited Partners were required to discontinue disposition of Registrable REIT Securities pursuant to the preceding sentence.
Notwithstanding the foregoing, it shall be a condition to the obligation of the General Partner pursuant to this Section 8.8 to include any Reorganization Limited Partner as a selling stockholder in such Shelf Registration Statement and to make the Shelf Registration Statement available to such Reorganization Limited Partner for resale of its Registrable REIT Securities that such Reorganization Limited Partner shall have complied with its obligations under Section 8.8.D below.
If any Reorganization Limited Partner fails to provide the General Partner with such information within fifteen (15) Business Days after the General Partner’s request for such information, the General Partner shall not be obligated to include such Reorganization Limited Partner’s Registrable REIT Securities in the Shelf Registration Statement, the amendment thereto or the prospectus supplement, as the case may be.
The Buyer covenants and agrees that it shall not sell the Purchased Assets to any entity that is not a REIT to the extent that any requirement exists under the Code at such time that the Purchased Assets be held by a REIT in order for the trust issuing any such Purchased Assets to remain exempt from federal income taxes or have the TMP REIT Securities owned for tax purposes by any entity that is not a REIT or a qualified REIT subsidiary.
Paragon GP Holdings shall not directly or indirectly convey, sell, transfer, assign, pledge or otherwise encumber or dispose of any Units of the Borrower, except that Paragon GP Holdings may sell, transfer or dispose of Units in connection with any cancellation or repurchase of REIT Securities by the REIT.
REIT Securities, Borrower and each Borrower Principal will not permit direct or indirect ownership (or other economic) interests of 25% or more in Borrower or any Borrower Principal that have been marketed or sold to investors through any form of Crowdfunding.
Without limiting the foregoing, the General Partner is expressly authorized to issue additional Shares or Additional REIT Securities for less than fair market value, or for no consideration, and to cause the Partnership to issue to the General Partner Corresponding Partnership Interests or Additional Partnership Securities, so long as the General Partner concludes in good faith that such issuance is in the best interests of the General Partner and the Partnership, collectively.
If any Reorganization Limited Partner fails to provide the General Partner with such information within fifteen (15) Business Days after the General Partner's request for such information, the General Partner shall not be obligated to include such Reorganization Limited Partner's Registrable REIT Securities in the Shelf Registration Statement, the amendment thereto or the prospectus supplement, as the case may be.
Paragon LP Holdings shall not directly or indirectly convey, sell, transfer, assign, pledge or otherwise encumber or dispose of any Units of the Borrower, except that Paragon LP Holdings may sell, transfer or dispose of Units in connection with any cancellation or repurchase of REIT Securities by the REIT.
It is expressly acknowledged and agreed by each Partner that the General Partner may (i) borrow funds from the Partnership in order to redeem, at any time or from time to time, any Shares or Additional REIT Securities previously or hereafter issued by the General Partner or (ii) put to the Partnership, for cash, any Shares or Additional REIT Securities that the General Partner may desire or be required to purchase or redeem.