Common use of Further Compliance With Section 856(d) of the Code Clause in Contracts

Further Compliance With Section 856(d) of the Code. Manager represents that, as of the Effective Date, it is an “eligible independent contractor” as defined under Section 856(d)(9)(A) of the Code, and further agrees that it shall maintain such status except to the extent events outside of Manager’s control may affect Manager’s independent contractor status. Landlord, Manager and Tenant agree to cooperate in good faith to the purpose and effect that Manager retain such status. This covenant shall apply for so long as one or more of the Hotels are owned by Landlord (or a successor or permitted assignee) and leased to Tenant (or a successor or a permitted assignee) as part of an ownership structure that is subject to REIT tax requirements. Without limiting the foregoing, Manager shall do each of the foregoing:

Appears in 5 contracts

Samples: Management Agreement (Service Properties Trust), Management Agreement (Service Properties Trust), Management Agreement (Service Properties Trust)

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Further Compliance With Section 856(d) of the Code. Manager represents that, as of the Effective Datedate hereof, it is an “eligible independent contractor” as defined under Section 856(d)(9)(A) of the Code, and further agrees that it shall maintain such status except to the extent events outside of Manager’s control may affect Manager’s independent contractor status. Landlord, Manager and Tenant agree to cooperate in good faith to the purpose and effect that Manager retain such status. This covenant shall apply for so long as one or more of the Hotels are owned by Landlord (or a successor or permitted assignee) and leased to Tenant (or a successor or a permitted assignee) as part of an ownership structure that is subject to REIT tax requirements. Without limiting the foregoing, Manager shall do each of the foregoing:

Appears in 1 contract

Samples: Management Agreement (Hospitality Properties Trust)

Further Compliance With Section 856(d) of the Code. Manager represents that, as of the Effective Date, it is an “eligible independent contractor” as defined under Section 856(d)(9)(A) of the Code, and further agrees that it shall maintain such status except to the extent events outside of Manager’s control may affect Manager’s independent contractor status. Landlord, Manager and Tenant agree to cooperate in good faith to the purpose and effect that Manager retain such status. This covenant shall apply for so long as one or more of the Hotels are Hotel is owned by Landlord (or a successor or permitted assignee) and leased to Tenant (or a successor or a permitted assignee) as part of an ownership structure that is subject to REIT tax requirements. Without limiting the foregoing, Manager shall do each of the foregoing:

Appears in 1 contract

Samples: Management Agreement (Service Properties Trust)

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Further Compliance With Section 856(d) of the Code. Manager represents that, as of the Effective Datedate hereof, it is an "eligible independent contractor" as defined under Section 856(d)(9)(A) of the Code, and further agrees that it shall maintain such status except to the extent events outside of Manager’s 's control may affect Manager’s 's independent contractor status. Landlord, Manager and Tenant agree to cooperate in good faith to the purpose and effect that Manager retain such status. This covenant shall apply for so long as one or more of the Hotels are owned by Landlord (or a successor or permitted assignee) and leased to Tenant (or a successor or a permitted assignee) as part of an ownership structure that is subject to REIT tax requirements. Without limiting the foregoing, Manager shall do each of the foregoing:

Appears in 1 contract

Samples: Management Agreement (Hospitality Properties Trust)

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