Definition of Tax Protection Agreement

  1. Tax Protection Agreement means any agreement, oral or written, to which such Apple REIT or any Subsidiary of such Apple REIT is a party in connection with the deferral of income Taxes of such Apple REIT or any Subsidiary of such Apple REIT has agreed to (i) maintain a minimum level of debt or continue a particular debt or (ii) retain or not dispose of assets for a period of time that has not since expired.
  2. Tax Protection Agreement means that tax protection agreement, dated [______], 2011, by and among the Partnership, the Special Limited Partner and ARC Real Estate Partners, LLC.

Examples of Tax Protection Agreement in a sentence

  1. Each SPE that owns, directly or indirectly, an interest in any property specified in the Tax Protection Agreement shall have entered into the Tax Protection Agreement substantially in the form attached as Exhibit A on behalf of the Pre-Formation Participants that hold SPE LLC Interests.
  2. Each of Transferee and Transferor shall deliver the Tax Protection Agreement, duly executed by Transferee and CBL OP.

Definition of Tax Protection Agreement in Second Amended and Restated Agreement

Tax Protection Agreement means any agreement, oral or written, to which such Apple REIT or any Subsidiary of such Apple REIT is a party in connection with the deferral of income Taxes of such Apple REIT or any Subsidiary of such Apple REIT has agreed to (i) maintain a minimum level of debt or continue a particular debt or (ii) retain or not dispose of assets for a period of time that has not since expired.


Definition of Tax Protection Agreement in Credit Agreement

Tax Protection Agreement means that certain Tax Protection Agreement, dated as of August 3, 2015 by and among Clipper, Clipper Realty L.P., a Delaware limited partnership, the Renaissance Equity Holdings LLC, a New York limited Liability Company, Berkshire Equity LLC, a Delaware limited liability company, the Company, 50/53 JV LLC, a Delaware limited liability company and the members of Renaissance Equity Holdings LLC, Berkshire Equity LLC, the Company and 50/53 JV LLC listed on Schedules A-D thereto.


Definition of Tax Protection Agreement in Agreement of Limited Partnership

Tax Protection Agreement means any agreement, oral or written, to which a Person or any Subsidiary of such Person is a party in connection with the deferral of income Taxes of such Person or any Subsidiary of such Person, pursuant to which such Person or any Subsidiary of such Person has agreed to (i) maintain a minimum level of debt or continue a particular debt or (ii) retain or not dispose of assets if (A) such period of time has not since expired or (B) any applicable statute of limitations with respect to any Taxes that would result from a disposition of such assets at any time during such period has not since expired, or (iii) make or refrain from making Tax elections.