Common use of Compliance with REIT Requirements Clause in Contracts

Compliance with REIT Requirements. The General Partner shall make such reasonable efforts, following the direction and approval of the Board of Directors and consistent with the Company’s qualification as a REIT, to cause the Partnership to distribute sufficient amounts to enable the Company, for so long as the Company has determined to qualify as a REIT, to pay stockholder dividends that will (a) satisfy the requirements for qualifying as a REIT under the Code and Regulations (the “REIT Requirements”) and (b) except to the extent otherwise determined by the Company, eliminate any federal income or excise tax liability of the Company.

Compliance with REIT Requirements. The General Partner shall make such reasonable efforts, following the direction as determined by it in its sole and approval of the Board of Directors absolute discretion and consistent with the Company’s qualification as a REIT, to cause the Partnership to distribute sufficient amounts pursuant to Section 5.1 to enable the Company, for so long as the Company has determined to qualify as a REIT, to pay stockholder dividends that will (a) satisfy the requirements for qualifying as a REIT under the Code and Regulations (the “REIT Requirements”) and (b) except to the extent otherwise determined by the Company, eliminate any federal income or excise tax liability of the Company.