Taxable REIT Subsidiary definition

Taxable REIT Subsidiary means a “taxable REIT subsidiary” within the meaning of Section 856(l) of the Code.

Taxable REIT Subsidiary means any corporation (other than a REIT) in which the Parent directly or indirectly owns stock and the Parent and such corporation have jointly elected that such corporation be treated as a taxable REIT subsidiary of the Parent under and pursuant to Section 856 of the Internal Revenue Code.

Taxable REIT Subsidiary means, as to Host REIT and with regard to Host REIT’s taxable years commencing after December 31, 2000, any of Fernwood, Rockledge or any other TRS of Host REIT, and, as to any Subsidiary REIT, any TRS of such Subsidiary REIT.

Examples of Taxable REIT Subsidiary in a sentence

• A qualified REIT subsidiary is any corporation, other than a Taxable REIT Subsidiary (“TRS”), that is wholly owned by a REIT, by other disregarded subsidiaries of a REIT or by a combination of the two.

• The Parent has elected to be treated as a REIT under the Internal Revenue Code, the Parent is qualified as a REIT and each of its Subsidiaries that is a corporation is a Qualified REIT Subsidiary or Taxable REIT Subsidiary, except where a Subsidiary’s failure to so qualify could not reasonably be expected to have an adverse effect on the Parent’s qualification as a REIT.

• A “Qualified REIT Subsidiary” is a corporation, other than a Taxable REIT Subsidiary, all of the stock of which is owned by the REIT.

• In addition, section 856(l) specifically provides that the election, and any revocation thereof, may be made without the consent of the Secretary.In Announcement 2001-17, 2001-1 C.B. 716, the Service announced the availability of new Form 8875, Taxable REIT Subsidiary Election.

• 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.

More Definitions of Taxable REIT Subsidiary

Taxable REIT Subsidiary means, with regard to Host REIT's taxable ----------------------- years commencing after December 31, 2000, any of HMT Lessee, Fernwood, Rockledge or any other TRS of Host REIT.

Taxable REIT Subsidiary has the meaning set forth in Section 856(l) of the Code.

Taxable REIT Subsidiary has the meaning set forth in Section 3.6.

Taxable REIT Subsidiary means any corporation (other than a REIT) in which the Borrower directly or indirectly owns stock and the Borrower and such corporation jointly elect on IRS Form 8875 (or with respect to which IRS Form 8875 is otherwise filed with the IRS) to have the corporation treated as a taxable REIT subsidiary of Borrower under Section 856(l) of the Internal Revenue Code. For purposes of this Agreement, any Subsidiary of a Taxable REIT Subsidiary that is disregarded as an entity for United States federal income tax purposes (a “Deemed Taxable REIT Subsidiary”) shall not be treated as an entity separate from such Taxable REIT Subsidiary but shall instead be deemed to be the same entity as such Taxable REIT Subsidiary.

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.

Taxable REIT Subsidiary has the meaning given that term in the Internal Revenue Code.

Taxable REIT Subsidiary means a corporation in which the Company owns stock as to which an election under Section 856(l) of the Code has been validly made (and not revoked).