Common use of Compliance with REIT Requirements Clause in Contracts

Compliance with REIT Requirements. CNLR is in compliance with all requirements applicable to a Real Estate Investment Trust imposed by the Internal Revenue Code of 1986, as amended, and all applicable regulations thereunder. Net I, Net II, Net III, Net IV and Funding are each in compliance with all requirements applicable to a Qualified REIT Subsidiary imposed by the Internal Revenue Code of 1986, as amended, and all applicable regulations thereunder and each of the Borrowers is not aware of any fact that would negatively impact such qualifications.

Compliance with REIT Requirements. CNLR is in compliance with all requirements applicable to a Real Estate Investment Trust imposed by the Internal Revenue Code of 1986, as amended, and all applicable regulations thereunder. Net I, Net II, I and Net III, Net IV and Funding II are each in compliance with all requirements applicable to a Qualified REIT Subsidiary imposed by the Internal Revenue Code of 1986, as amended, and all applicable regulations thereunder and each of the Borrowers Borrower is not aware of any fact that would negatively impact such qualifications.

Compliance with REIT Requirements. CNLR is in compliance with all requirements applicable to a Real Estate Investment Trust imposed by the Internal Revenue Code of 1986, as amended, and all applicable regulations thereunder. Net I, Net II, Net III, III and Net IV and Funding are each in compliance with all requirements applicable to a Qualified REIT Subsidiary imposed by the Internal Revenue Code of 1986, as amended, and all applicable regulations thereunder and each of the Borrowers Borrower is not aware of any fact that would negatively impact such qualifications.