REIT Conversion means a plan to restructure any Restricted Subsidiary’s assets, liabilities or business operations, including transfers of assets among the Borrower and the Restricted Subsidiaries, a merger of any Restricted Subsidiary with and into an Affiliate thereof and a distribution by any Restricted Subsidiary of its earnings and profits for Federal income tax purposes, in each case in connection with making a REIT Election; provided that no REIT Conversion shall result in any restrictions or prohibitions on the ability of any Restricted Subsidiary to make any Restricted Payments to the Borrower.
REIT Conversion means the proposed plan to convert Equinix into a REIT as described in its Current Report on Form 8-K filed with the SEC on September 13, 2012, and the activities undertaken in good faith in connection therewith for the purpose of permitting Equinix to convert to, qualify and elect to be treated as, a REIT.
REIT Conversion means the reorganization of Host's business --------------- operations to permit Host REIT to qualify as a REIT, including the Merger and the other transactions described in the Prospectus/Consent Solicitation that is part of the Registration Statement filed with the Securities and Exchange Commission by Host REIT and the Operating Partnership on Form S-4 (File No. 333- 55807).
Examples of REIT Conversion in a sentence
REIT Conversion Sears has been in financial trouble for quite some time with a net loss every year since 2011.
REIT Conversion Effective January 1, 2014, Plazacorp Retail Properties Ltd.
As part of the REIT Conversion, the Company, the Operating Partnership and Crestline entered into the 1998 Employee Benefits Allocation Agreement relating to various compensation, benefits and labor matters.
If Host issues any shares of preferred stock prior to the REIT Conversion, Host REIT also will own a number of preferred partnership interests in the Operating Partnership equal to the number of outstanding shares of preferred stock.
For information concerning the business of Centurion Apartment REIT from its inception to the date of the Confidential Offering Memorandum, see “Centurion Apartment REIT – History of Centurion Apartment REIT Prior to REIT Conversion” and “Centurion Apartment REIT – History Since REIT Conversion in Appendix I.
More Definitions of REIT Conversion
REIT Conversion means the occurrence of any one of the following events: (a) the election by the Parent to no longer maintain its REIT Status, (b) the election by the Borrower or any Subsidiary of the Borrower to no longer maintain its Qualified REIT Subsidiary status, (c) the occurrence of any event which results in the Parent no longer having REIT Status, or (d) the occurrence of any event which results in the Borrower or any Subsidiary of the Borrower no longer qualifying as a Qualified REIT Subsidiary.
REIT Conversion has the meaning assigned to it in the Registration Statement.
REIT Conversion means the conversion of the predecessor of the Parent into a REIT (the Parent) as described in the predecessor’s Current Report on Form 8-K filed with the Securities and Exchange Commission on June 5, 2012 and matters related thereto.
REIT Conversion means the proposed plan to convert the Parent into a real estate investment trust as described in the Parent’s Current Report on Form 8-K filed with the Securities and Exchange Commission on June 5, 2012 (involving, without limitation, the restructuring of the Parent’s and its Subsidiaries’ assets, liabilities and business operations, changes in the methods of depreciating or amortizing certain of their assets, and the modification of internal accounting, information technology, real estate and other systems), and matters related thereto.
REIT Conversion means the reorganization of Host's business --------------- operations to permit Host to qualify as a "real estate investment trust" under Sections 856 through 859 of the Internal Revenue Code of 1986, as amended, including the Merger and the other transactions described in the Prospectus/Consent Solicitation that is part of the Registration Statement filed with the Securities and Exchange Commission by Host REIT and the Operating Partnership on Form S-4 (File No. 333-55807).
REIT Conversion means (i) a plan to restructure Holdings’, the Borrowers’ or any Restricted Subsidiary’s assets, liabilities or business operations to facilitate the REIT Election including transfers of equity and/or assets among Holdings (or its successor), the Borrowers and the Restricted Subsidiaries by assignment, merger or transfer (by dividend, contribution or other means), (ii) a merger of Holdings with and into a newly formed, wholly owned subsidiary of Holdings and (iii) one or more distributions by Holdings (or its successor) or the Borrowers of its earnings and profits, if any, accumulated prior to the first taxable year for which it elects REIT status for Federal income tax purposes and (iv) the payment of distributions to holders of Holdings (or its successor’s) stock, in each case in connection with Holdings’ intent to qualify as a REIT.
REIT Conversion means a plan to restructure the Borrower’s or any of its Subsidiaries’ assets, liabilities or business operations, including, without limitation, transfers of assets among the Borrower and its Subsidiaries, a merger of the Borrower or its Subsidiaries with and into an Affiliate, and a distribution by the Borrower of its earnings and profits for federal income tax purposes, in connection with making a REIT Election.