Designation of Charitable Beneficiaries. By written notice to the Charitable Trustee, the Company shall designate from time to time one or more nonprofit organizations to be the Charitable Beneficiary of the interest in the Charitable Trust such that (i) Shares held in the Charitable Trust would not violate the restrictions set forth in Section 8.2(a)(i) in the hands of such Charitable Beneficiary and (ii) contributions to each such organization must be eligible for deduction under each of Sections 170(b)(1)(A), 2055 and 2522 of the Code.
Appears in 13 contracts
Samples: Limited Liability Company Agreement (Travelcenters of America LLC), Limited Liability Company Agreement (Travelcenters of America LLC), Limited Liability Company Agreement (Travelcenters of America LLC)
Designation of Charitable Beneficiaries. By written notice to the Charitable Trustee, the Company Trust shall designate from time to time one or more nonprofit organizations to be the Charitable Beneficiary of the interest in the Charitable Trust such that (i) Equity Shares held in the Charitable Trust would not violate the restrictions set forth in Section 8.2(a)(i7.2.1(a) in the hands of such Charitable Beneficiary and (ii) each such organization must be described in Section 501(c)(3) of the Code and contributions to each such organization must be eligible for deduction under each of Sections 170(b)(1)(A), 2055 and 2522 of the Code.
Appears in 2 contracts
Samples: Merger Agreement (Kranzco Realty Trust), Merger Agreement (Cv Reit Inc)
Designation of Charitable Beneficiaries. By written notice to the Charitable Trustee, the Company shall designate from time to time one or more nonprofit organizations to be the Charitable Beneficiary of the interest in the Charitable Trust such that (i) the Shares held in the Charitable Trust would not violate the restrictions set forth in Section 8.2(a)(i3.2(a)(i) in the hands of such Charitable Beneficiary and (ii) each such organization must be described in Section 50l(c)(3) of the Code and contributions to each such organization must be eligible for deduction under each one of Sections 170(b)(1)(A), 2055 and 2522 of the Code.
Appears in 2 contracts
Samples: Operating Agreement (KKR Financial Holdings LLC), Operating Agreement (KKR Financial Holdings LLC)
Designation of Charitable Beneficiaries. By written notice to the Charitable Trustee, the Company Partnership shall designate from time to time one or more nonprofit organizations to be the Charitable Beneficiary of the interest in the Charitable Trust such that (i) Shares the Partnership Interests held in the Charitable Trust would not violate the restrictions set forth in Section 8.2(a)(i15.16(a)(i) in the hands of such Charitable Beneficiary and (ii) each such organization must be described in Section 501(c)(3) of the Code and contributions to each such organization must be eligible for deduction under each of Sections 170(b)(1)(A), 2055 and 2522 of the Code.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Lineage, Inc.), Limited Partnership Agreement (Lineage, Inc.)
Designation of Charitable Beneficiaries. By written notice to the Charitable Trustee, the Company General Partner shall designate from time to time one or more nonprofit organizations to be the Charitable Beneficiary of the interest in the Charitable Trust such that (i) Shares the Partnership Interests held in the Charitable Trust would not violate the restrictions set forth in Section 8.2(a)(i4.11(a)(i) in the hands of such Charitable Beneficiary and (ii) each such organization must be described in Section 501(c)(3) of the Code and contributions to each such organization must be eligible for deduction under each of Sections 170(b)(1)(A), 2055 and 2522 of the Code.
Appears in 2 contracts
Samples: Agreement of Limited Partnership (Landmark Infrastructure Partners LP), Third Amended and Restated Agreement of Limited Partnership (Landmark Infrastructure Partners LP)
Designation of Charitable Beneficiaries. By written notice to the Charitable Trustee, the Company shall designate from time to time one or more nonprofit organizations to be the Charitable Beneficiary of the interest in the Charitable Trust such that (i) Shares the LLC Interests held in the Charitable Trust would not violate the restrictions set forth in Section 8.2(a)(i15.15(a)(i) in the hands of such Charitable Beneficiary and (ii) each such organization must be described in Section 501(c)(3) of the Code and contributions to each such organization must be eligible for deduction under each of Sections 170(b)(1)(A), 2055 and 2522 of the Code.
Appears in 2 contracts
Samples: Operating Agreement (Lineage, Inc.), Operating Agreement (Lineage, Inc.)
Designation of Charitable Beneficiaries. By written notice to the Charitable Trustee, the Board of Trustees of the Company shall designate from time to time one or more nonprofit organizations to be the Charitable Beneficiary of the interest in the Charitable Trust such that (i) Series D Preferred Shares held in the Charitable Trust would not violate the restrictions set forth in Section 8.2(a)(i17.6(c)(i)(A) in the hands of such Charitable Beneficiary and (ii) each such organization must be described in Section 501(c)(3) of the Code and contributions to each such organization must be eligible for deduction under each of Sections 170(b)(1)(A), 2055 and 2522 of the Code.
Appears in 2 contracts
Samples: Merger Agreement (Cv Reit Inc), Merger Agreement (Kranzco Realty Trust)
Designation of Charitable Beneficiaries. By written notice to the Charitable Trustee, the Company Corporation shall designate from time to time one or more nonprofit organizations to be the Charitable Beneficiary of the interest in the Charitable any Trust created pursuant to this Section 3 such that (i) Shares the shares of Capital Stock held in the Charitable Trust would not violate the restrictions set forth in Section 8.2(a)(i2.1(a) in the hands of such Charitable Beneficiary Beneficiary, and (ii) contributions to each such organization must be eligible for deduction under each described in Section 501(c)(3) of the Code and Sections 170(b)(1)(A), 2055 and 2522 of the Code.
Appears in 2 contracts
Samples: Amendment and Acknowledgement (Pinnacle Holdings Inc), Securities Purchase Agreement (Pinnacle Holdings Inc)
Designation of Charitable Beneficiaries. By written notice to the Charitable Trustee, the Company Corporation shall designate from time to time one or more nonprofit organizations to be the Charitable Beneficiary of the interest in the Charitable Trust such that (i) Shares the shares of Capital Stock held in the Charitable Trust would not violate the restrictions set forth in Section 8.2(a)(i4.2(a)(i) in the hands of such Charitable Beneficiary and (ii) each such organization must be described in Section 501(c)(3) of the Code and contributions to each such organization must be eligible for deduction under each of Sections 170(b)(1)(A), 2055 and 2522 of the Code.
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Designation of Charitable Beneficiaries. By written notice to the Charitable Trustee, the Company Partnership shall designate from time to time one or more nonprofit organizations to be the Charitable Beneficiary of the interest in the Charitable Trust such that (i) Shares the Interests held in the Charitable Trust would not violate the restrictions set forth in Section 8.2(a)(i10.2(a) in the hands of such Charitable Beneficiary and (ii) each such organization must be described in Section 501(c)(3) of the Code and contributions to each such organization must be eligible for deduction under each of Sections 170(b)(1)(A), 2055 and 2522 of the Code.
Appears in 1 contract
Samples: Limited Partnership Agreement (Hudson Pacific Properties, Inc.)
Designation of Charitable Beneficiaries. By written notice to the Charitable Trustee, the Company Trust shall designate from time to time one or more nonprofit organizations to be the Charitable Beneficiary of the interest in the Charitable Trust such that (ia) Shares held in the Charitable Trust would not violate the restrictions set forth in Section 8.2(a)(i6.9.1(a) in the hands of such Charitable Beneficiary and (iib) each such organization must be described in Section 501(c)(3) of the Code and contributions to each such organization must be eligible for deduction under each of Sections 170(b)(1)(A), 2055 and 2522 of the Code.
Appears in 1 contract
Samples: Agreement and Declaration of Trust (Accordant ODCE Index Fund)
Designation of Charitable Beneficiaries. By written notice to the Charitable Trustee, the Company Corporation shall designate from time to time one or more nonprofit organizations to be the Charitable Beneficiary of the interest in the Charitable Trust such that (i) Shares held in the Charitable Trust would not violate the restrictions set forth in Section 8.2(a)(i7.1.1(a) in the hands of such Charitable Beneficiary and (ii) each such organization must be described in Section 501(c)(3) of the Code and contributions to each such organization must be eligible for deduction under each of Sections 170(b)(1)(A), 2055 and 2522 of the Code.
Appears in 1 contract
Samples: Merger Agreement (Cole Credit Property Trust III, Inc.)
Designation of Charitable Beneficiaries. By written notice to the Charitable Trustee, the Company Trust shall designate from time to time one or more nonprofit organizations to be the Charitable Beneficiary of the interest in the Charitable Trust such that (i) Equity Shares held in the Charitable Trust would not violate the restrictions set forth in Section 8.2(a)(i7.2(a)(i) in the hands of such Charitable Beneficiary and (ii) each such organization must be described in Section 501(c)(3) of the Code and contributions to each such organization must be eligible for deduction under each of Sections 170(b)(1)(A), 2055 and 2522 of the Code.
Appears in 1 contract
Designation of Charitable Beneficiaries. By written notice to the Charitable Trustee, the Company shall designate from time to time one or more nonprofit organizations to be the Charitable Beneficiary of the interest in the Charitable Trust such that (i) the Shares held in the Charitable Trust would not violate the restrictions set forth in Section 8.2(a)(i3.1(a)(i) in the hands of such Charitable Beneficiary and (ii) each such organization must be described in Section 50l(c)(3) of the Code and contributions to each such organization must be eligible for deduction under each one of Sections 170(b)(1)(A), 2055 and 2522 of the Code.
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