Common use of Status as a REIT Clause in Contracts

Status as a REIT. The General Partner shall at all times maintain its status as a real estate investment trust under the Code and remain sole general partner of the Borrower. Neither the Borrower nor the General Partner will agree to amend or otherwise modify the provisions of Section 3.2 of the limited partnership agreement of the Borrower, as in effect on the date of this Agreement, without the prior written consent of the Required Banks (which consent the Banks hereby agree not to unreasonably withhold or delay).

Status as a REIT. The General Partner shall at all times maintain its status as a real estate investment trust under the Code and remain sole general partner of the BorrowerParent. Neither the Borrower Parent nor the General Partner will agree to amend or otherwise modify the provisions of Section 3.2 of the limited partnership agreement of the BorrowerParent, as in effect on the date of this Agreement, without the prior written consent of the Required Banks (which consent the Banks hereby agree not to unreasonably withhold or delay).