Common use of Parent Covenants Clause in Contracts

Parent Covenants. The Parent will: (a) maintain at least one class of common shares of the Parent having trading privileges on the New York Stock Exchange; (b) own, directly or indirectly, all of the general partner interests in EDR and at least fifty-one percent (51%) of (i) the shares of beneficial interest of EDR, and (ii) each class of security issued by EDR with the power to select the general partner of EDR; (c) maintain management and control of EDR; (d) conduct substantially all of its operations through EDR and one or more of EDR’s Subsidiaries; (e) comply with all Legal Requirements to maintain, and will at all times elect, qualify as and maintain, its status as a real estate investment trust under Section 856(c)(i) of the Code; and (f) promptly contribute to EDR the net proceeds of any stock sales or debt offerings.

Parent Covenants. The Parent will: (a) maintain at least one class of common shares of the Parent having trading privileges on the New York Stock Exchange; (b) own, directly or indirectly, all of the general partner interests in EDR and at least fifty-one percent (51%) of (i) the shares of beneficial interest of EDR, and (ii) each class of security issued by EDR with the power to select the general partner of EDR; (c) maintain management and control of EDR; (d) conduct substantially all of its operations through EDR and one or more of EDR’s 's Subsidiaries; (e) comply with all Legal Requirements to maintain, and will at all times elect, qualify as and maintain, its status as a real estate investment trust under Section 856(c)(i) of the Code; , and (f) promptly contribute to EDR the net proceeds of any stock sales or debt offerings.