REOC definition
Examples of REOC in a sentence
Notwithstanding anything herein to the contrary, the Company and its Subsidiaries shall not take, or refrain from taking, any action that Bluerock notifies the Company would result in Bluerock or a BR Affiliate from failing to qualify as a REOC.
Notwithstanding anything herein to the contrary, the Company and its Subsidiaries shall not take, or refrain from taking, any action that would result in Bluerock or a BR Affiliate from failing to qualify as a REOC.
Notwithstanding anything herein to the contrary, the Company and its Subsidiaries shall not take, or refrain from taking, any action that would result in a BR Affiliate from failing to qualify as a REOC.
The Company currently qualifies as a "real estate operating company" ("REOC") within the meaning of 29 C.F.R. Section 2510.3-101(e), and has qualified as a REOC during all valuation periods within the meaning of 29 C.F.R. Section 2510.3-101(d)(5).
The Company shall continue to operate as a REOC for so long as Purchaser holds Shares representing in the aggregate at least the Minimum Ownership Level.