Common use of Change in Tax Status Clause in Contracts

Change in Tax Status. Approve any change to the tax status of the Trust including, without limitation, to qualify the Trust as a passive income trust, instead of a FIBRA, and for the Investment Trusts to qualify as FIBRAs, instead of passive income trusts, for purposes of the LISR and other applicable tax provisions (in which case, any Real Estate Assets will be required to be held exclusively by the Investment Trusts); provided, that in this case, the Extraordinary Holders Meeting shall approve, in such case, the exchange of CBFIs for trust securities (certificados bursatiles fudiciarios) to the Holders, in which case, are issued by the Trust through an exchange offer, as well as the cancellation of the registration of the CBFIs in the RNV and the registration of the new trust securities (certificados bursatiles fudiciarios) in the RNV.

Appears in 4 contracts

Samples: www.fibramacquarie.com, www.fibramacquarie.com, www.fibramacquarie.com

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