Definition of Taxable REIT Subsidiary

  1. Taxable REIT Subsidiary means a Subsidiary of the Parent Guarantor that qualifies as a taxable REIT subsidiary for the purposes of Section 856(l) of the Internal Revenue Code and any Subsidiary of such Taxable REIT Subsidiary.

Examples of Taxable REIT Subsidiary in a sentence

  1. The Parent has operated, and intends to continue to operate, in a manner so as to permit it to qualify as a REIT and each of its Subsidiaries that is a corporation for U.S. federal income tax purposes is a Qualified REIT Subsidiary or a Taxable REIT Subsidiary.
  2. (A Taxable REIT Subsidiary is a corporation 100% owned by a REIT.)

Definition of Taxable REIT Subsidiary in Amended and Restated

Taxable REIT Subsidiary means a Subsidiary of the Parent Guarantor that qualifies as a taxable REIT subsidiary for the purposes of Section 856(l) of the Internal Revenue Code and any Subsidiary of such Taxable REIT Subsidiary.


Definition of Taxable REIT Subsidiary in Credit Agreement

Taxable REIT Subsidiary means a Subsidiary that has elected to be treated as a "taxable REIT subsidiary" under Section 856(l)(1) of the Code.


Definition of Taxable REIT Subsidiary in Senior Note

Taxable REIT Subsidiary means a taxable REIT subsidiary within the meaning of Section 856(1) of the Internal Revenue Code.