REIT Distribution Requirements. The General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner to make stockholder distributions that will allow the General Partner to (i) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (ii) avoid any federal income or excise tax liability imposed by the Code.
Appears in 97 contracts
Samples: Limited Partnership Agreement (IPC Alternative Real Estate Income Trust, Inc.), Limited Partnership Agreement (EQT Exeter Real Estate Income Trust, Inc.), Limited Partnership Agreement (IPC Alternative Real Estate Income Trust, Inc.)
REIT Distribution Requirements. The General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner to make stockholder shareholder distributions that will allow the General Partner to (i) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (ii) avoid any federal income or excise tax liability imposed by the Code.
Appears in 52 contracts
Samples: Limited Partnership Agreement (Black Creek Diversified Property Fund Inc.), Limited Partnership Agreement (Hines Global Income Trust, Inc.), Limited Partnership Agreement (ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc.)
REIT Distribution Requirements. The General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner to make pay stockholder distributions dividends that will allow the General Partner to (i) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (ii) avoid any federal income or excise tax liability imposed by the Code.
Appears in 37 contracts
Samples: Limited Partnership Agreement (Strategic Storage Trust VI, Inc.), Limited Partnership Agreement (Strategic Storage Trust VI, Inc.), Limited Partnership Agreement (Resource REIT, Inc.)
REIT Distribution Requirements. The General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner to make pay stockholder distributions dividends that will allow the General Partner to (ia) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (iib) avoid any federal income or excise tax liability imposed by the Code.
Appears in 33 contracts
Samples: Limited Partnership Agreement (Uniti Group Inc.), Limited Partnership Agreement (Uniti Group Inc.), Limited Partnership Agreement (Cole Office & Industrial REIT (CCIT III), Inc.)
REIT Distribution Requirements. The General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner to make stockholder pay distributions to its shareholders that will allow the General Partner to (i) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (ii) avoid any federal income or excise tax liability imposed by the Code, other than to the extent the General Partner elects to retain and pay income tax on its net capital gain.
Appears in 20 contracts
Samples: Agreement of Limited Partnership (Agree Realty Corp), Limited Partnership Agreement (Medalist Diversified REIT, Inc.), Limited Partnership Agreement (Medalist Diversified REIT, Inc.)
REIT Distribution Requirements. The General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner to make stockholder pay distributions to its stockholders that will allow the General Partner to (i) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (ii) avoid any federal income or excise tax liability imposed by the Code, other than to the extent the General Partner elects to retain and pay income tax on its net capital gain.
Appears in 19 contracts
Samples: Limited Partnership Agreement (Strawberry Fields REIT, Inc.), Limited Partnership Agreement (Postal Realty Trust, Inc.), Limited Partnership Agreement (Postal Realty Trust, Inc.)
REIT Distribution Requirements. The General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner to make stockholder distributions pay shareholder dividends that will allow the General Partner to (i) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (ii) avoid any federal income or excise tax liability imposed by the Code.
Appears in 18 contracts
Samples: Limited Partnership Agreement (CatchMark Timber Trust, Inc.), Limited Partnership Agreement (Wells Timberland REIT, Inc.), Limited Partnership Agreement (Wells Timber Real Estate Investment Trust, Inc.)
REIT Distribution Requirements. The General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner to make stockholder distributions pay shareholder dividends that will allow the General Partner to (i) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (ii) avoid any federal income or excise tax liability imposed by the Code.
Appears in 11 contracts
Samples: Limited Partnership Agreement (Peakstone Realty Trust), Limited Partnership Agreement (Griffin Realty Trust), Limited Partnership Agreement (Sentio Healthcare Properties Inc)
REIT Distribution Requirements. The General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts make distributions pursuant to this Article 5 sufficient to enable the General Partner Company to make pay stockholder distributions dividends that will allow the General Partner Company to (i) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (ii) other than to the extent the Company elects to retain and pay income tax on its net capital gain, avoid or reduce any U.S. federal income or excise tax liability imposed by the Code.
Appears in 10 contracts
Samples: Limited Partnership Agreement (Gaming & Leisure Properties, Inc.), Limited Partnership Agreement (Paramount Group, Inc.), Limited Partnership Agreement (Park View OZ REIT Inc)
REIT Distribution Requirements. The General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner Company to make pay stockholder distributions dividends that will allow the General Partner Company to (i) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (ii) avoid any federal income or excise tax liability imposed by the Code, other than to the extent the Company elects to retain and pay income tax on its net capital gain.
Appears in 7 contracts
Samples: Limited Partnership Agreement (Highland Hospitality Corp), Limited Partnership Agreement (Highland Hospitality Corp), Limited Partnership Agreement (Eagle Hospitality Properties Trust, Inc.)
REIT Distribution Requirements. The General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner to make stockholder distributions that will allow the General Partner to (i) to meet its distribution requirement for qualification as a REIT as set forth in Section 857 857(a)(1) of the Code and (ii) to avoid any federal income or excise tax liability imposed by the Code.
Appears in 5 contracts
Samples: Limited Partnership Agreement (RFS Hotel Investors Inc), Merger Agreement (Westbrook Real Estate Partners LLC), Limited Partnership Agreement (RFS Hotel Investors Inc)
REIT Distribution Requirements. The General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner to make stockholder distributions that will allow the General Partner to Company (i) to meet its distribution requirement for qualification as a REIT as set forth in Section 857 857(a)(1) of the Code and (ii) to avoid any federal income or excise tax liability imposed by the Code.
Appears in 5 contracts
Samples: Limited Partnership Agreement (Presidential Realty Corp/De/), Limited Partnership Agreement (Capital Automotive Reit), Limited Partnership Agreement (Capital Automotive Reit)
REIT Distribution Requirements. The General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner to make stockholder distributions that will allow the General Partner to (i) to meet its distribution requirement for qualification as a REIT as set forth in Section 857 857(a)(1) of the Code and (ii) to avoid any federal income or excise tax liability imposed by the Code; provided, however, that the Limited Partners shall receive their pro rata share of all distributions.
Appears in 4 contracts
Samples: Third Amended and Restated Agreement of Limited Partnership (Condor Hospitality Trust, Inc.), Third Amended and Restated Agreement of Limited Partnership (Supertel Hospitality Inc), Third Amended and Restated Agreement of Limited Partnership (Supertel Hospitality Inc)
REIT Distribution Requirements. The General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner Company to make stockholder distributions pay shareholder dividends that will allow the General Partner Company to (i) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (ii) avoid any federal income or excise tax liability imposed by the Code.
Appears in 4 contracts
Samples: Limited Partnership Agreement (Ocwen Asset Investment Corp), Limited Partnership Agreement (Ocwen Asset Investment Corp), Limited Partnership Agreement (Hudson Hotels Trust)
REIT Distribution Requirements. The General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner Company to make stockholder distributions pay shareholder dividends that will allow the General Partner Company to (i) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (ii) avoid any federal income or excise tax liability imposed by the Code, other than to the extent the Company elects to retain and pay income tax on its net capital gain.
Appears in 4 contracts
Samples: Limited Partnership Agreement (CapLease, Inc.), Limited Partnership Agreement (GMH Communities Trust), Agreement of Limited Partnership (GMH Communities Trust)
REIT Distribution Requirements. The General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner Company to make pay stockholder distributions dividends that will allow the General Partner a Company to (i) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (ii) avoid any federal income or excise tax liability imposed by the CodeCode (other than federal income tax liability associated with capital gains that the Company elects to retain).
Appears in 4 contracts
Samples: Limited Partnership Agreement (NNN Apartment REIT, Inc.), Limited Partnership Agreement (NNN Apartment REIT, Inc.), Limited Partnership Agreement (A Reit Inc)
REIT Distribution Requirements. The General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner to make stockholder distributions that will allow the General Partner to (i) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (ii) avoid any federal income or excise tax liability imposed by the Code.
Appears in 4 contracts
Samples: Limited Partnership Agreement (Blue Owl Real Estate Net Lease Trust), Limited Partnership Agreement (Blue Owl Real Estate Net Lease Trust), Limited Partnership Agreement (Blue Owl Real Estate Net Lease Trust)
REIT Distribution Requirements. The General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner Company to make pay stockholder distributions dividends that will allow the General Partner Company to (ia) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (iib) avoid any federal income or excise tax liability imposed by the Code.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Adaptive Real Estate Income Trust, Inc.), Limited Partnership Agreement (Behringer Harvard Opportunity REIT I, Inc.), Limited Partnership Agreement (Behringer Harvard Reit I Inc)
REIT Distribution Requirements. The General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner to make stockholder distributions that will allow the General Partner to (i) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (ii) avoid any U.S. federal income or excise tax liability imposed by the Code.
Appears in 3 contracts
Samples: Limited Partnership Agreement (New Mountain Net Lease Trust), Limited Partnership Agreement (North Haven Net REIT), Limited Partnership Agreement (North Haven Net REIT)
REIT Distribution Requirements. The General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General REIT Limited Partner to make stockholder distributions that will allow the General REIT Limited Partner to (i) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (ii) avoid any federal income or excise tax liability imposed by the Code.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Brookfield Real Estate Income Trust Inc.), Limited Partnership Agreement (Brookfield Real Estate Income Trust Inc.), Limited Partnership Agreement (Brookfield Real Estate Income Trust Inc.)
REIT Distribution Requirements. The General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner Parent REIT to make stockholder pay distributions to its stockholders that will allow the General Partner Parent REIT to (i) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (ii) avoid any federal income or excise tax liability imposed by the Code, other than to the extent Parent REIT elects to retain and pay income tax on its net capital gain.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Alpine Income Property Trust, Inc.), Limited Partnership Agreement (Alpine Income Property Trust, Inc.), Limited Partnership Agreement (Global Medical REIT Inc.)
REIT Distribution Requirements. The General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts make distributions pursuant to this Article 5 sufficient to enable the General Partner Company to make pay stockholder distributions dividends that will allow the General Partner to Company to
(i) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (ii) other than to the extent the Company elects to retain and pay income tax on its net capital gain, avoid or reduce any U.S. federal income or excise tax liability imposed by the Code.
Appears in 3 contracts
Samples: Limited Partnership Agreement, Limited Partnership Agreement (American Farmland Co), Limited Partnership Agreement (American Farmland Co)
REIT Distribution Requirements. The General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Initial Limited Partner to make stockholder distributions that will allow the General Initial Limited Partner to (i) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (ii) avoid any federal income or excise tax liability imposed by the Code.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Jones Lang LaSalle Income Property Trust, Inc.), Limited Partnership Agreement (Jones Lang LaSalle Income Property Trust, Inc.), Limited Partnership Agreement (Jones Lang LaSalle Income Property Trust, Inc.)
REIT Distribution Requirements. The General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner to make stockholder distributions that will allow the General Partner to (i) to meet its distribution requirement for qualification as a REIT as set forth in Section 857 857(a)(i) of the Code and (ii) to avoid any federal income or excise tax liability imposed by the Code.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Western Investment Real Estate Trust), Limited Partnership Agreement (Western Properties Trust)
REIT Distribution Requirements. The General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner to make stockholder distributions to its stockholders that will allow the General Partner to (i) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (ii) avoid any federal income or excise tax liability imposed by the Code, other than to the extent the General Partner elects to retain and pay income tax on its net capital gain.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Lodging Fund REIT III, Inc.), Limited Partnership Agreement (Cottonwood Communities, Inc.)
REIT Distribution Requirements. The On and after the Conversion Date, the General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner to make stockholder distributions that will allow the General Partner to (i) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (ii) avoid any federal income or excise tax liability imposed by the Code.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Cottonwood Communities, Inc.), Limited Partnership Agreement (Cottonwood Communities, Inc.)
REIT Distribution Requirements. The General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner to make pay stockholder distributions dividends that will allow the General Partner to (ia) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (iib) avoid any federal income or excise tax liability imposed by the Code, other than to the extent the General Partner elects to retain and pay income tax on its net capital gain.
Appears in 2 contracts
Samples: Limited Partnership Agreement (GLADSTONE LAND Corp), Limited Partnership Agreement (Gladstone Commercial Corp)
REIT Distribution Requirements. The General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner Company to make stockholder distributions pay shareholder dividends that will allow the General Partner Company to (i) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (ii) avoid any federal income or excise tax liability imposed by the CodeCode or any provision of state or local law, other than to the extent the Company elects to retain and pay income tax on its net capital gain.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Capital Lodging), Limited Partnership Agreement (Capital Lodging)
REIT Distribution Requirements. The General Partner shall use its commercially ------------------------------ reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner Company to make stockholder distributions pay shareholder dividends that will allow the General Partner Company to (i) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (ii) avoid any federal income or excise tax liability imposed by the Code.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Prentiss Properties Trust/Md), Limited Partnership Agreement (Prentiss Properties Trust/Md)
REIT Distribution Requirements. The General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner to make pay stockholder distributions dividends that will allow the General Partner to (i) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (ii) avoid any federal income or excise tax liability imposed by the Code, other than to the extent the General Partner elects to retain and pay income tax on its net capital gain.
Appears in 2 contracts
Samples: Limited Partnership Agreement (MHI Hospitality CORP), Limited Partnership Agreement (MHI Hospitality CORP)
REIT Distribution Requirements. The After giving effect to any distributions pursuant to Section 5.2, the General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner to make stockholder distributions pay shareholder dividends that will allow the General Partner to (i) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (ii) avoid any federal income or excise tax liability imposed by the Code.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Sentio Healthcare Properties Inc), Securities Purchase Agreement (Sentio Healthcare Properties Inc)
REIT Distribution Requirements. The General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner to make stockholder distributions that will allow the General Partner to (ia) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (iib) avoid any federal income or excise tax liability imposed by the Code.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Cohen & Steers Income Opportunities REIT, Inc.), Limited Partnership Agreement (Cohen & Steers Income Opportunities REIT, Inc.)
REIT Distribution Requirements. The General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner to make stockholder distributions that will allow distribute to the General Partner Company amounts sufficient to enable the Company (i) to meet its distribution requirement for qualification as a REIT as set forth in Section 857 857(a)(1) of the Code and (ii) to avoid any federal income or excise tax liability imposed by the Code.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Innkeepers Usa Trust/Fl), Limited Partnership Agreement (Innkeepers Usa Trust/Fl)
REIT Distribution Requirements. The General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Special Limited Partner to make stockholder pay distributions to its stockholders that will allow the General Special Limited Partner to (i) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (ii) avoid any federal income or excise tax liability imposed by the Code, other than to the extent the Special Limited Partner elects to retain and pay income tax on its net capital gain.
Appears in 2 contracts
Samples: Limited Partnership Agreement (American Realty Capital Properties, Inc.), Limited Partnership Agreement (American Realty Capital Properties, Inc.)
REIT Distribution Requirements. The General Partner shall use its commercially ------------------------------ reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner to make stockholder distributions that will allow the General Partner to (i) to meet its distribution requirement for qualification as a REIT as set forth in Section 857 857(a)(1) of the Code and (ii) to avoid any federal income or excise tax liability imposed by the Code; provided, however, that the Limited Partners shall receive their pro rata share of all distributions.
Appears in 1 contract
Samples: Limited Partnership Agreement (Humphrey Hospitality Trust Inc)
REIT Distribution Requirements. The General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner to make stockholder pay distributions to its shareholders that will allow the General Partner to (i) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (ii) avoid any federal income or excise tax liability imposed by the Code.and
Appears in 1 contract
Samples: Limited Partnership Agreement (Physicians Realty Trust)
REIT Distribution Requirements. The General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner IPT to make stockholder distributions pay shareholder dividends that will allow the General Partner IPT to (i) meet its distribution requirement for qualification as a REIT as set forth in Section 857 857(a)(1) of the Code and (ii) avoid any federal income or excise tax liability imposed by the Code.
Appears in 1 contract
Samples: Limited Partnership Agreement (Insignia Properties Trust /)
REIT Distribution Requirements. The General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable for the General Partner Sole Member to make stockholder distributions that will sufficient to allow the General Partner Sole Member to (i) meet its distribution requirement requirements for qualification as a REIT as set forth in Section 857 of the Code and (ii) avoid any federal income or excise tax liability imposed by the CodeCode or analogous provisions of state law.
Appears in 1 contract
Samples: Limited Partnership Agreement (Fortress Net Lease REIT)
REIT Distribution Requirements. The General Partner shall use its commercially reasonable efforts efforts, as determined by it in its sole and absolute discretion, to cause the Partnership to distribute amounts sufficient to enable the General Partner Company to make stockholder pay distributions to its stockholders that will allow the General Partner Company to (i) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (ii) avoid any federal income or excise tax liability imposed by the Code, other than to the extent the Company elects to retain and pay income tax on its net capital gain.
Appears in 1 contract
Samples: Limited Partnership Agreement (Ellington Housing Inc.)
REIT Distribution Requirements. The To the extent determined by the General Partner, the General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner to make stockholder shareholder distributions that will allow the General Partner to (i) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (ii) avoid any federal income or excise tax liability imposed by the Code.
Appears in 1 contract
Samples: Limited Partnership Agreement (Americold Realty Trust)
REIT Distribution Requirements. The General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner Company to make pay stockholder distributions dividends that will allow the General Partner Company to (ia) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (iib) avoid any U.S. federal income or excise tax liability imposed by the Code, other than to the extent the Company elects to retain and pay income tax on its net capital gain.
Appears in 1 contract
Samples: Limited Partnership Agreement (Behringer Harvard Reit I Inc)
REIT Distribution Requirements. The General Partner shall use its commercially ------------------------------ reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner to make stockholder distributions pay shareholder dividends that will allow the General Partner to (i) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (ii) avoid any federal income or excise tax liability imposed by the Code.
Appears in 1 contract
Samples: Limited Partnership Agreement (Wells Real Eastate Investment Trust Inc)
REIT Distribution Requirements. The General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner to make stockholder distributions to its stockholders that will allow the General Partner to (i) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (ii) avoid any federal income or excise tax liability imposed by the Code.
Appears in 1 contract
Samples: Limited Partnership Agreement (Lodging Fund REIT III, Inc.)
REIT Distribution Requirements. The General Partner shall use its commercially reasonable efforts efforts, as determined by it in its sole and absolute discretion, to cause the Partnership to distribute amounts sufficient to enable the General Partner to make stockholder distributions that will allow the General Partner to (i) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (ii) avoid any federal income or excise tax liability imposed by the Code, other than to the extent the General Partner elects to retain and pay income tax on its net capital gain or other income.
Appears in 1 contract
Samples: Limited Partnership Agreement (Generation Income Properties, Inc.)
REIT Distribution Requirements. The General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner Company to make pay stockholder distributions dividends that will allow the General Partner Company to (i) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (ii) avoid any federal income or excise tax liability imposed by the Code, other than to the extent the General Partner elects to retain and pay income tax on its net capital gain.
Appears in 1 contract
Samples: Limited Partnership Agreement (Columbia Equity Trust, Inc.)
REIT Distribution Requirements. The General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner to make stockholder distributions pay shareholder dividends that will allow the General Partner to (i) meet its distribution requirement for qualification as a the REIT as set forth in Section 857 of the Code and (ii) avoid any federal income or excise tax liability imposed by the CodeDistribution Requirement.
Appears in 1 contract
Samples: Limited Partnership Agreement (ExchangeRight Income Fund)
REIT Distribution Requirements. The General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner Company to make stockholder distributions pay shareholder dividends that will allow the General Partner Company to (i) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (ii) avoid any federal income or excise tax liability imposed by the CodeCode (other than federal income tax liability associated with capital gains that the Company elects to retain).
Appears in 1 contract
REIT Distribution Requirements. The General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner to make stockholder shareholder distributions that will allow the General Partner to (i) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (ii) avoid any federal income or excise tax liability imposed by the Code. No Right to Distributions in Kind. No Partner shall be entitled to demand property other than cash in connection with any distributions by the Partnership.
Appears in 1 contract
Samples: Limited Partnership Agreement (ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc.)
REIT Distribution Requirements. The General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner Company to make stockholder distributions pay shareholder dividends that will allow the General Partner a Company to (i) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (ii) avoid any federal income or excise tax liability imposed by the CodeCode (other than federal income tax liability associated with capital gains that the Company elects to retain).
Appears in 1 contract
REIT Distribution Requirements. The General Partner shall use its commercially ------------------------------ reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner to make stockholder distributions pay shareholder dividends that will allow the General Partner to (ia) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (iib) avoid any federal income or excise tax liability imposed by the Code.
Appears in 1 contract
Samples: Limited Partnership Agreement (Wells Real Estate Investment Trust Inc)
REIT Distribution Requirements. The General Partner shall use ------------------------------ its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner Company to make stockholder distributions pay shareholder dividends that will allow the General Partner Company to (i) meet its distribution requirement for qualification as a REIT as set forth in Section 857 857(a)(1) of the Code and (ii) avoid any federal income or excise tax liability imposed by the Code.
Appears in 1 contract
Samples: Limited Partnership Agreement (Patriot American Hospitality Inc)
REIT Distribution Requirements. The To the extent determined by the General Partner, the General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner to make stockholder distributions pay shareholder dividends that will allow the General Partner to (i) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (ii) avoid any federal income or excise tax liability imposed by the Code.
Appears in 1 contract
Samples: Limited Partnership Agreement (Columbia Property Trust Operating Partnership, L.P.)