Common use of Ownership Limit and REIT Status Clause in Contracts

Ownership Limit and REIT Status. Notwithstanding anything contained herein, the Restrictions on the Restricted Shares shall not lapse:

Appears in 4 contracts

Samples: Restricted Share Agreement (Tanger Factory Outlet Centers, Inc), Restricted Share Agreement (Tanger Factory Outlet Centers Inc), Restricted Share Agreement (Tanger Factory Outlet Centers Inc)

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Ownership Limit and REIT Status. Notwithstanding anything contained herein, the Restrictions on the Restricted Shares Stock shall not lapse:

Appears in 4 contracts

Samples: Restricted Stock Agreement (Maguire Properties Inc), Restricted Stock Agreement (Maguire Properties Inc), Restricted Stock Agreement (MPG Office Trust, Inc.)

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Ownership Limit and REIT Status. Notwithstanding anything contained herein, the Restrictions on the Restricted Shares shall not lapse:: (a) to the extent the lapsing of such Restrictions could cause the Restricted Shareholder to be in violation of the Ownership Limit; or

Appears in 1 contract

Samples: Restricted Share Agreement (Tanger Properties LTD Partnership /Nc/)

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