TRST definition
Examples of TRST in a sentence
For the avoidance of doubt, the forced sale option outlined in this Section 13.4 may be exercised by TRST on more than one occasion.
After paying or reimbursing such costs, TRST will invoice the General Partner for the amount of TRST actual expenditures, and Parkway will invoice the General Partner for the amount of Parkway actual expenditures.
Cousins shall promptly notify and provide relevant information to TRST if it believes at any time that such a conflict of interest may have arisen.
The General Partner shall provide a copy of the governing documents of an Investment Vehicle (e.g., partnership agreement, articles of incorporation and bylaws, etc.) no fewer than five (5) business days prior to the date on which TRST is to contribute capital to such Investment Vehicle.
Cousins and TRST shall discuss such determination in good faith, and in the event that they are unable to agree upon a resolution to such potential conflict within thirty (30) days after receipt of the Conflict Notice, then TRST shall have the right to require that Cousins cease providing leasing services for that Investment, effective sixty (60) days after receipt of the Conflict Notice.
In the event that TRST fails to make an election within such 10 day period, it shall be deemed to have elected to require General Partner to make a Capital Call.
In the event that TRST shall acquire the entire Interest of Parkway and the General Partner, then the Partnership shall have no obligation to pay any additional Carried Interest after the closing of the transfer of the Interest.
Notwithstanding the foregoing, in the event that TRST determines in its commercially reasonable discretion that the provision of leasing services by Cousins (or an Affiliate thereof) for an Investment would present a conflict of interest, in light of other leasing activities then undertaken by Cousins, then TRST may provide written notice of such determination to Cousins (a “Conflict Notice”).
PPLP and the General Partner have provided notice to TRST that PPLP and Parkway Properties, Inc., a Maryland corporation (“Parkway Parent”), have entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Cousins Properties, Incorporated (“Cousins”) and Clinic Sub Inc., a wholly owned subsidiary of Cousins, on April 28, 2016.
TRST hereby represents and warrants to the General Partner and the Partnership that it is a tax-exempt entity under United States federal, state and local laws, and has never been subject to, and is unlikely to be subject to, any tax withholding requirements of the United States federal, state, or local laws.