TRS definition

TRS means a taxable REIT subsidiary (as defined in Section 856(l) of the Code) of the General Partner.

TRS means American Express Travel Related Services Company, Inc., a New York corporation, and its successors and assigns.

TRS means a “taxable REIT subsidiary,” as described in Section 856(l) of the Code. Any entity taxable as a corporation in which a TRS of a real estate investment trust owns (x) securities possessing more than 35% of the total voting power of the outstanding securities of such entity or (y) securities having a value of more than 35% of the total value of the outstanding securities of such entity shall also be treated as a TRS of such real estate investment trust whether or not a separate election is made with respect to such other entity.

Examples of TRS in a sentence

• The Board will allow a teacher to reinstate earned and unused sick leave days earned while an employee of District 210 that were not allowed to accumulate, subject to approval by TRS and if the reinstatement does not result in the Board being subject to an additional payment or penalty by TRS.

• The Board shall pay the teacher's nine percent (9%) tax-sheltered pension contribution to TRS, in addition to the salary schedule, for the years covered by this agreement.

• During such leave, the president will accrue seniority, salary increment, retirement credit as allowed by the Teachers Retirement System (TRS), and other related benefits.

• The amount of gross compensation due each teacher shall be the sum specified in this Agreement less the TRS payment by the Board, paid in installments as otherwise provided herein, provided the Board shall deduct therefrom all other sums as required by law or as authorized by the teacher pursuant to this Agreement.

• In the event an employee’s projected earnings would exceed 6% and thus trigger a TRS penalty to the district, the employee’s compensation will be adjusted in a manner mutually agreed upon by the employee and the district.

More Definitions of TRS

TRS means a taxable REIT subsidiary.

TRS means the teachers' retirement system.

TRS shall have the meaning specified in the initial paragraph of this Agreement.

TRS means any direct or indirect Subsidiary of the Borrower that is classified as a “taxable REIT subsidiary” under Section 856(l) of the Internal Revenue Code.

TRS is defined in the Preamble.

TRS means each of (a) Pebblebrook Hotel Lessee and (b) each other taxable REIT subsidiary that is a Wholly Owned Subsidiary of Pebblebrook Hotel Lessee.

TRS shall have the meaning set forth in Section 9.5(c).