Common use of Owners Required To Provide Information Clause in Contracts

Owners Required To Provide Information. From the Initial Date and prior to the Restriction Termination Date: a) every owner of five percent or more (or such lower percentage as required by the CODE or the U.S. Treasury Department regulations promulgated thereunder) of the Outstanding Shares, within 30 days after the end of each taxable year, shall give written notice to the COMPANY stating the name and address of such owner, the number of Shares of each class and series Beneficially Owned and a description of the manner in which such Shares are held. Each such owner shall promptly provide to the COMPANY in writing such additional information as the COMPANY may request in order to determine the effect, if any, of such Beneficial Ownership on the COMPANY'S qualification as a REIT and to ensure compliance with the Ownership Limits; and b) each Person who is a Beneficial Owner or Constructive Owner of Shares and each Person (including the Shareholder of record) who is holding Shares for a Beneficial Owner or Constructive Owner shall promptly provide to the COMPANY in writing such information as the COMPANY may request, in good faith, in order to determine the COMPANY'S qualification as a REIT and to comply with the requirements of any taxing authority or governmental authority or to determine such compliance.

Appears in 8 contracts

Samples: Operating Agreement (Strategic Hotel Ventures, LLC), Operating Agreement (Century West Multifamily Income Reit, LLC), Operating Agreement (Anabasis Real Estate Investment Trust, LLC)

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Owners Required To Provide Information. From the Initial Date and prior to the Restriction Termination Date: (a) every owner of five percent or more (or such lower percentage as required by the CODE Code or the U.S. Treasury Department regulations promulgated thereunder) of the Outstanding Shares, within 30 days after the end of each taxable year, shall give written notice to the COMPANY Company stating the name and address of such owner, the number of Shares of each class and series Beneficially Owned and a description of the manner in which such Shares are held. Each such owner shall promptly provide to the COMPANY Company in writing such additional information as the COMPANY Company may request in order to determine the effect, if any, of such Beneficial Ownership on the COMPANY'S Company’s qualification for taxation as a REIT and to ensure compliance with the Ownership Limits; and (b) each Person who is a Beneficial Owner or Constructive Owner of Shares and each Person (including the Shareholder Member of record) who is holding Shares for a Beneficial Owner or Constructive Owner shall promptly provide to the COMPANY Company in writing such information as the COMPANY Company may request, in good faith, in order to determine the COMPANY'S Company’s qualification for taxation as a REIT and to comply with the requirements of any taxing authority or governmental authority or to determine such compliance.

Appears in 3 contracts

Samples: Limited Liability Company Operating Agreement (Fundrise Real Estate Interval Fund, LLC), Limited Liability Company Agreement (Fundrise Income Real Estate Fund, LLC), Limited Liability Company Agreement (Fundrise Income Real Estate Fund, LLC)

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Owners Required To Provide Information. From the Initial Date and prior to the Restriction Termination Date: a) every 8.5.1 Every owner of five percent (5%) or more (or such lower percentage as required by the CODE Code or the U.S. Treasury Department regulations promulgated thereunder) of the Outstanding outstanding Shares, within 30 days after upon the Company’s request following the end of each taxable year, shall give written notice to the COMPANY Company stating the name and address of such owner, the number of Shares of each class and series Beneficially Owned and a description of the manner in which such Shares are held. Each such owner shall promptly provide to the COMPANY Company in writing such additional information as the COMPANY Company may request in order to determine the effect, if any, of such Beneficial Ownership on the COMPANY'S Company’s qualification as a REIT and to ensure compliance with the Ownership Limits; and b) each 8.5.2 Each Person who is a Beneficial Owner or Constructive Owner of Shares and each Person (including the Shareholder Member of record) who is holding Shares for a Beneficial Owner or Constructive Owner shall promptly provide to the COMPANY Company in writing such information as the COMPANY Company may request, in good faith, in order to determine the COMPANY'S Company’s qualification as a REIT and to comply with the requirements of any taxing authority or governmental authority or to determine such compliance.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Concreit Fund I LLC), Limited Liability Company Agreement (Concreit Fund I LLC)

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