REIT Provisions of the Code definition

REIT Provisions of the Code means Sections 856 through 860 of the Code and any successor or other provisions of the Code relating to real estate investment trusts (including provisions as to the attribution of ownership of beneficial interests therein) and the regulations promulgated thereunder.

REIT Provisions of the Code means Sections 856 through 860 of the Code.

REIT Provisions of the Code means Part II, Subchapter M of Chapter 1 of the Code, as now enacted or hereafter amended, or successor statutes, relating to REITs.

Examples of REIT Provisions of the Code in a sentence

• Although a general purpose of the Corporation is to qualify as a REIT under the REIT Provisions of the Code, no director, officer, employee, agent or independent contractor of the Corporation shall be liable for any act or omission resulting in the loss of tax benefits under the Code.

• As soon as the Corporation commences doing business, the Corporation shall use its best efforts to be eligible for tax treatment as an REIT under the Code, shall make such elections and filings, and take such other actions as may be necessary, to be treated as a REIT under the Code, and shall thereafter conduct its business to continue to qualify as a REIT under the REIT Provisions of the Code.

• To terminate the status of the Company as a real estate investment trust under the REIT Provisions of the Code.

• Subject to the restrictions set forth herein, the Directors will use their best efforts to conduct the affairs of the Company in such a manner as to continue to qualify the Company for the tax treatment provided in the REIT Provisions of the Code; provided, however, no Director, officer, employee or agent of the Company shall be liable for any act or omission resulting in the loss of tax benefits under the Code, except to the extent provided in Section 9.2 hereof.

• The Board of Directors shall use its reasonable best efforts to cause the Company and its Stockholders to qualify for U.S. federal income tax treatment in accordance with the REIT Provisions of the Code (as such term is defined in Section 1.5 hereof).

More Definitions of REIT Provisions of the Code

REIT Provisions of the Code means Section 856 through 860 of the Code and any successor or other provisions of the Code relating to real estate investment trusts (including provisions as to the attribution of ownership of beneficial interests therein) and the regulations promulgated thereunder.

REIT Provisions of the Code means Part II, Subchapter M of Chapter 1 of Subtitle A of the Code, as now enacted or hereafter amended, including successor statutes and regulations promulgated thereunder.

REIT Provisions of the Code means Parts II and III of Subchapter M of Chapter 1 of Subtitle A of the Code or any successor statute.

REIT Provisions of the Code means Sections 856 through 860 of the Code and any successor or other provisions of the Code relating to real estate investment trusts (including provisions as to the attribution of ownership of beneficial interests therein) and the regulations promulgated thereunder. Restriction Termination Date means the first day on which the Board of Directors determines pursuant to Section 7.6 of the Charter that it is no longer in the best interests of the Corporation to attempt to, or continue to, qualify as a REIT or that compliance with the restrictions and limitations on Beneficial Ownership, Constructive Ownership and Transfers of Shares set forth herein is no longer required in order for the Corporation to qualify as a REIT. SDAT has the meaning as provided in Section 5.4 herein.

REIT Provisions of the Code means Sections 856 through 860 of the Code, or any successor provisions thereto, and the regulations thereunder.

REIT Provisions of the Code means Sections 856 through 860 of --------------------------- the Code and any successor or other provisions of the Code relating to real

REIT Provisions of the Code means Sections 856 through 860 of the Code. 1.30“Renewal Term” shall have the meaning set forth in Section 10.1 of this Agreement. 1.31“Xxxxxx Xxxx” shall have the meaning set forth in Section 2.5 of this Agreement. 1.32“Sub-Management Agreement” shall have the meaning set forth in Section 2.5 of this Agreement. 1.33“Termination Fee” means an amount equal to the greater of (a) the Base Management Fee, calculated immediately prior to the effective date of the termination of this Agreement pursuant to Section 10.2, for the remainder of the then-current New Initial Term or Renewal Term and (b) three (3) times the Base Management Fee paid to the Manager in the preceding full twelve (12) months, calculated as of the effective date of the termination of this Agreement pursuant to Section 10.2. 2.