Common use of REIT Distribution Requirements Clause in Contracts

REIT Distribution Requirements. The General Partner shall use its reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner to 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, other than to the extent the General Partner elects to retain and pay income tax on its net capital gain.

REIT Distribution Requirements. The Notwithstanding anything to the contrary in this Agreement, the General Partner shall use its reasonable efforts to may cause the Partnership to distribute amounts sufficient to enable the General Partner to 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 857(a)(1)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.

REIT Distribution Requirements. The Notwithstanding anything to the contrary in this Agreement, the General Partner shall use its reasonable efforts Partner, if it is not able to borrow money from the Partnership, may cause the Partnership to distribute amounts sufficient to enable the General Partner Company to 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, other than to the extent the General Partner elects to retain and pay income tax on its net capital gain.

REIT Distribution Requirements. The Notwithstanding anything to the contrary in this Agreement, the General Partner shall use its reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner Company to 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, other than to the extent the General Partner elects to retain and pay income tax on its net capital gain.

REIT Distribution Requirements. The Notwithstanding anything to the contrary in this Agreement, the General Partner shall use its reasonable efforts Partner, if it is not able to borrow money from the Partnership, may cause the Partnership to distribute amounts sufficient to enable the General Partner Company to pay shareholder stockholder 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, other than to the extent the General Partner elects to retain and pay income tax on its net capital gain.