Examples of REIT in a sentence
Xxxxxxx XxXxxxxx President and Chief Financial Officer XXXXXX REIT MANAGEMENT LP By: /s/ X.
On or prior to 5 Business Days after Seller and Xxxxx agree to the Holdback Amount (but no earlier than the Seller REIT Transaction Approval Deadline) (the “Seller REIT Holdback Approval Deadline”), Pacific Oak REIT shall have received board approval of the Holdback Amount (the “Seller REIT Holdback Approval”).
Seller shall notify Buyer in writing promptly after the Seller REIT Transaction Approval is obtained.
The Company will use its best efforts to continue to meet the requirements for qualification and taxation as a REIT under the Code for subsequent tax years that include any portion of the term of this Agreement, unless the Company’s board of directors determines that it is no longer in the best interests of the Company to qualify as a REIT.
All statements regarding the Company’s qualification and taxation as a REIT and descriptions of the Company’s current organization and proposed method of operation (inasmuch as they relate to the Company’s qualification and taxation as a REIT) set forth in the Registration Statement and the Prospectus are accurate summaries of the legal or tax matters described therein in all material respects.