Dividend Payout Ratio. (a) Permit the Dividend Payout Ratio, at any time, to exceed ninety-five percent (95%); and (b) Permit CCPT III, at any time an Event of Default exists, to make or declare any dividends or similar distributions without the written consent of the Administrative Agent and Required Lenders. Notwithstanding anything in this Section 7.06 to the contrary, CCPT III shall be permitted at all times to distribute the minimum amount of dividends necessary for CCPT III to maintain its tax status as a real estate investment trust.
Appears in 4 contracts
Samples: Credit Agreement (Cole Real Estate Investments, Inc.), Credit Agreement (Cole Real Estate Investments, Inc.), Credit Agreement (Cole Credit Property Trust III, Inc.)
Dividend Payout Ratio. (a) Permit the Dividend Payout Ratio, at any time, to exceed ninety-five percent (95%); and
(b) Permit CCPT IIICCIT II, at any time an Event of Default exists, to make or declare any dividends or similar distributions without the written consent of the Administrative Agent and Required Lenders. Notwithstanding anything in this Section 7.06 to the contrary, CCPT III CCIT II shall be permitted at all times to distribute the minimum amount of dividends necessary for CCPT III CCIT II to maintain its tax status as a real estate investment trust.
Appears in 2 contracts
Samples: Credit Agreement (Cole Office & Industrial REIT (CCIT II), Inc.), Credit Agreement (Cole Office & Industrial REIT (CCIT II), Inc.)
Dividend Payout Ratio. (a) Permit the Dividend Payout Ratio, at any time, to exceed ninety-five percent (95%); and
(b) Permit CCPT IIIIV, at any time an Event of Default exists, to make or declare any dividends or similar distributions without the written consent of the Administrative Agent and Required Lenders. Notwithstanding anything in this Section 7.06 to the contrary, CCPT III IV shall be permitted at all times to distribute the minimum amount of dividends necessary for CCPT III IV to maintain its tax status as a real estate investment trust.
Appears in 2 contracts
Samples: Credit Agreement (Cole Credit Property Trust Iv, Inc.), Credit Agreement (Cole Credit Property Trust Iv, Inc.)
Dividend Payout Ratio. (a) Permit the Dividend Payout Ratio, at any time, to exceed ninety-five percent (95%); and
(b) Permit CCPT CCIT III, at any time an Event of Default exists, to make or declare any dividends or similar distributions without the written consent of the Administrative Agent and Required Lenders. Notwithstanding anything in this Section 7.06 to the contrary, CCPT CCIT III shall be permitted at all times to distribute the minimum amount of dividends necessary for CCPT CCIT III to maintain its tax status as a real estate investment trust.
Appears in 1 contract
Samples: Credit Agreement (Cole Office & Industrial REIT (CCIT III), Inc.)
Dividend Payout Ratio. (a) Permit the Dividend Payout Ratio, at any time, to exceed ninety-five percent (95%); and
(b) Permit CCPT IIIIVCMFT, at any time an Event of Default exists, to make or declare any dividends or similar distributions without the written consent of the Administrative Agent and Required Lenders. Notwithstanding anything in this Section 7.06 to the contrary, CCPT III IVCMFT shall be permitted at all times to distribute the minimum amount of dividends necessary for CCPT III IVCMFT to maintain its tax status as a real estate investment trust.
Appears in 1 contract
Samples: Modification Agreement (Cim Real Estate Finance Trust, Inc.)
Dividend Payout Ratio. (a) Permit the Dividend Payout Ratio, at any time, to exceed ninety-five percent (95%); and
(b) Permit CCPT IIIII, at any time an Event of Default exists, to make or declare any dividends or similar distributions without the written consent of the Administrative Agent and Required Lenders. Notwithstanding anything in this Section 7.06 to the contrary, CCPT III II shall be permitted at all times to distribute the minimum amount of dividends necessary for CCPT III II to maintain its tax status as a real estate investment trust.
Appears in 1 contract
Samples: Credit Agreement (Cole Credit Property Trust II Inc)
Dividend Payout Ratio. (a) Permit the Dividend Payout Ratio, at any time, to exceed ninety-five percent (95%); and
(b) Permit CCPT IIICCIT, at any time an Event of Default exists, to make or declare any dividends or similar distributions without the written consent of the Administrative Agent and Required Lenders. Notwithstanding anything in this Section 7.06 to the contrary, CCPT III CCIT shall be permitted at all times to distribute the minimum amount of dividends necessary for CCPT III CCIT to maintain its tax status as a real estate investment trust.
Appears in 1 contract
Samples: Credit Agreement (Cole Corporate Income Trust, Inc.)
Dividend Payout Ratio. (a) Permit the Dividend Payout Ratio, at any time, to exceed ninety-five percent (95%); and
(b) Permit CCPT IIIV, at any time an Event of Default exists, to make or declare any dividends or similar distributions without the written consent of the Administrative Agent and Required Lenders. Notwithstanding anything in this Section 7.06 to the contrary, CCPT III V shall be permitted at all times to distribute the minimum amount of dividends necessary for CCPT III V to maintain its tax status as a real estate investment trust.
Appears in 1 contract
Samples: Credit Agreement (Cole Credit Property Trust V, Inc.)
