Common use of Designation of Charitable Beneficiaries Clause in Contracts

Designation of Charitable Beneficiaries. By written notice to the Trustee, the Board of Trustees of the Company shall designate 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 17.6(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: Employment Agreement (Kranzco Realty Trust), Employment Agreement (Cv Reit Inc)

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Designation of Charitable Beneficiaries. By written notice to the Trustee, the Board of Trustees of the Company shall designate one or more nonprofit organizations to be the Charitable Beneficiary of the interest in the Charitable Trust such that (i) Series D Preferred Shares the LLC Interests held in the Charitable Trust would not violate the restrictions set forth in Section 17.6(c)(i)(A15.15(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 Trustee, the Board of Trustees of the Company Trust shall designate one or more nonprofit organizations to be the Charitable Beneficiary of the interest in the Charitable Trust such that (i) Series D Preferred Equity Shares held in the Charitable Trust would not violate the restrictions set forth in Section 17.6(c)(i)(A7.2.1(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: Employment Agreement (Kranzco Realty Trust), Employment Agreement (Cv Reit Inc)

Designation of Charitable Beneficiaries. By written notice to the Trustee, the Board of Trustees of the Company Corporation shall designate 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) Series D Preferred Shares the shares of Capital Stock held in the Charitable Trust would not violate the restrictions set forth in Section 17.6(c)(i)(A2.1(a) in the hands of such Charitable Beneficiary 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: Securities Purchase Agreement (Pinnacle Holdings Inc), Investor Agreement (Pinnacle Holdings Inc)

Designation of Charitable Beneficiaries. By written notice to the Trustee, the Board of Trustees of the Company Partnership shall designate one or more nonprofit organizations to be the Charitable Beneficiary of the interest in the Charitable Trust such that (i) Series D Preferred Shares the Partnership Interests held in the Charitable Trust would not violate the restrictions set forth in Section 17.6(c)(i)(A15.16(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: Agreement (Lineage, Inc.), Agreement (Lineage, Inc.)

Designation of Charitable Beneficiaries. By written notice to the Trustee, the Board of Trustees of the Company General Partner shall designate one or more nonprofit organizations to be the Charitable Beneficiary of the interest in the Charitable Trust such that (i) Series D Preferred Shares the Partnership Interests held in the Charitable Trust would not violate the restrictions set forth in Section 17.6(c)(i)(A4.11(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: Partnership Agreement (Landmark Infrastructure Partners LP), Landmark Infrastructure Partners LP

Designation of Charitable Beneficiaries. By written notice to the Trustee, the Board of Trustees of the Company shall designate one or more nonprofit organizations to be the Charitable Beneficiary of the interest in the Charitable Trust such that (i) Series D Preferred the Shares held in the Charitable Trust would not violate the restrictions set forth in Section 17.6(c)(i)(A3.2(a)(i) in the hands of such Charitable Beneficiary and (ii) each such organization must be described in Section 501(c)(350l(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 Trustee, the Board of Trustees of the Company Partnership shall designate one or more nonprofit organizations to be the Charitable Beneficiary of the interest in the Charitable Trust such that (i) Series D Preferred Shares the Interests held in the Charitable Trust would not violate the restrictions set forth in Section 17.6(c)(i)(A10.2(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.)

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Designation of Charitable Beneficiaries. By written notice to the Charitable Trustee, the Board of Trustees of the Company Trust shall designate one or more nonprofit organizations to be the Charitable Beneficiary of the interest in the Charitable Trust such that (ia) Series D Preferred Shares held in the Charitable Trust would not violate the restrictions set forth in Section 17.6(c)(i)(A6.9.1(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 Trustee, the Board of Trustees of the Company Corporation shall designate one or more nonprofit organizations to be the Charitable Beneficiary of the interest in the Charitable Trust such that (i) Series D Preferred Shares the shares of Capital Stock held in the Charitable Trust would not violate the restrictions set forth in Section 17.6(c)(i)(A4.2(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

Samples: Agreement and Plan of Merger (Sba Communications Corp)

Designation of Charitable Beneficiaries. By written notice to the Trustee, the Board of Trustees of the Company shall designate one or more nonprofit organizations to be the Charitable Beneficiary of the interest in the Charitable Trust such that (i) Series D Preferred the Shares held in the Charitable Trust would not violate the restrictions set forth in Section 17.6(c)(i)(A3.1(a)(i) in the hands of such Charitable Beneficiary and (ii) each such organization must be described in Section 501(c)(350l(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 1 contract

Samples: Operating Agreement (Ellington Financial LLC)

Designation of Charitable Beneficiaries. By written notice to the Charitable Trustee, the Board of Trustees of the Company Corporation shall designate 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 17.6(c)(i)(A7.1.1(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: Agreement and Plan of Merger (Cole Credit Property Trust III, Inc.)

Designation of Charitable Beneficiaries. By written notice to the Charitable Trustee, the Board of Trustees of the Company Trust shall designate one or more nonprofit organizations to be the Charitable Beneficiary of the interest in the Charitable Trust such that (i) Series D Preferred Equity Shares held in the Charitable Trust would not violate the restrictions set forth in Section 17.6(c)(i)(A7.2(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

Samples: Shareholders Agreement (Americold Realty Trust)

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