No Political Contributions. Any provision hereof to the contrary notwithstanding, no money or property of the Hotel shall be paid or used or offered, nor shall Lessee or Operator directly or indirectly pay or use or offer, consent or agree to pay or use or offer any money or property of the Hotel, for or in aid of any political party, committee or organization, or for or in aid of, any corporation, joint stock or other association organized or maintained for political purposes, or for, or in aid or, any candidate for political office or for nomination for such office, or in connection with any election including referendum for constitutional amendment, or for any political purpose whatever, or for lobbying in connection with legislation or regulation thereunder, or for the reimbursement for indemnification of any person for money or property so used.
No Political Contributions. Notwithstanding anything contained in this Agreement to the contrary, no money or property of the Hotels shall be paid or used or offered, nor shall Owner or Manager directly or indirectly use or offer, consent or agree to use or offer, any money or property of the Hotels (i) in aid of any political party, committee or organization, (ii) in aid of any corporation, joint stock or other association organized or maintained for political purposes, (iii) in aid of any candidate for political office or nomination for such office, (iv) in connection with any election, (v) for any political purpose whatever, or (vi) for the reimbursement or indemnification of any person for any money or property so used.
No Political Contributions. Any provision hereof to the contrary notwithstanding, no money or property of the Hotel shall be paid or used or offered, nor shall Lessee or Operator directly or indirectly pay or use or offer, consent or agree to pay or use or offer any money or property of the Hotel, for or in aid of any political party, committee or organization, or for or in aid of, any corporation, joint stock or other association organized or maintained for political purposes, or for, or in aid or, any candidate for political office or for nomination for such office, or in connection with any election including referendum for constitutional amendment, or for any political purpose whatever, or for lobbying in connection with legislation or regulation thereunder, or for the reimbursement for indemnification of any person for money or property so used. Eligible Independent Contractor. At the effective time of this Agreement, Operator shall qualify as an “eligible independent contractor” as defined in Section 856(d)(9) of the Internal Revenue Code of 1986, as amended (the “Code”). To that end: during the Operating Term, Operator shall not permit wagering activities to be conducted at or in connection with the Hotels; during the Operating Term, Operator shall not own, directly or indirectly (within the meaning of Section 856(d)(5) of the Code), more than 35% of the shares of Condor Hospitality Trust, Inc.; during the Operating Term, no more than 35% of the total combined voting power of Operator’s outstanding stock (or 35% of the total shares of all classes of its outstanding stock) shall be owned, directly or indirectly, by one or more persons owning 35% or more of the outstanding stock of Condor Hospitality Trust, Inc.; and At the effective time, Operator shall be actively engaged in the trade or business of operating “qualified lodging facilities” (defined below) for a person who is not a “related person” within the meaning of Section 856(d)(9)(F) of the Code with respect to the Parent or Lessee (“Unrelated Persons”). In order to meet this requirement, Operator agrees that it (i) shall derive at least 10% of both its revenue and profit from operating “qualified lodging facilities” for Unrelated Persons and (ii) shall comply with any regulations or other administrative guidance under Section 856(d)(9) of the Code with respect to the amount of hotel management business with Unrelated Persons that is necessary to qualify as an “eligible independent contractor” with the meaning of such Co...
No Political Contributions. Consultant agrees that he shall not make any political contribution on Xxxxx’s behalf without obtaining the prior specific approval of one of the Executives.
No Political Contributions. To the knowledge of the Company, none of the Company, FMSC any of its other Subsidiaries, or any municipal finance professional associated with the Company, FMSC or any of its other Subsidiaries has made or may reasonably be deemed to have made any political contributions in violation of Municipal Securities Rulemaking Board ("MSRB") Rule G-37 or other rules or regulations applicable to the Company, FMSC or any of its other Subsidiaries. To the knowledge of the Company, FMSC has made appropriate MSRB disclosure concerning all other applicable political contributions made by individuals and entities employed by or associated with FMSC.
No Political Contributions. 87 24.14 REIT Qualification...........................................88 24.15 Further Compliance with Section 856(d) of the Code.............................................88 24.16 Adverse Regulatory Event.....................................90 24.17 Adverse Canadian Event.......................................91
No Political Contributions. Any provision hereof to the contrary notwithstanding, no money or property of the Hotel shall be paid or used or offered, nor shall Lessee or Operator directly or indirectly pay or use or offer, consent or agree to pay or use or offer any money or property of the Hotel, for or in aid of any political party, committee or organization, or for or in aid of, any corporation, joint stock or other association organized or maintained for political purposes, or for, or in aid or, any candidate for political office or for
No Political Contributions. 72 24.14 REIT Qualification............................................73 24.15 Further Compliance with Section 856(d) of the Code............73 24.16 Adverse Regulatory Event......................................74 24.17 Commercial Leases.............................................75 24.18
No Political Contributions. The Land Bank shall not spend any public funds on political contributions as defined in the Ethics Act.
