REIT Distributions. Notwithstanding anything to the contrary in this Agreement, the General Partner shall cause the Partnership to distribute amounts sufficient to enable the Apple REIT to pay its shareholders dividends that will allow the Apple REIT to (i) meet the distribution requirement for qualification as a REIT as set forth in Section 857(a)(1) of the Code and (ii) avoid any federal income or excise tax liability imposed by the Code.
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Samples: Limited Partnership Agreement (Apple Residential Income Trust Inc), Limited Partnership Agreement (Apple Residential Income Trust Inc), Limited Partnership Agreement (Apple Residential Income Trust Inc)
REIT Distributions. Notwithstanding anything to the contrary in this Partnership Agreement, the General Partner shall cause the Partnership to distribute amounts sufficient to enable the Apple Suites REIT to pay its dividends to shareholders dividends so that will allow the Apple Suites REIT to will (ia) meet the distribution requirement requirements for qualification as a REIT as set forth in Section 857(a)(1857(a)(i) of the Code Code; and (iib) avoid any federal Federal income or excise tax liability imposed by the Code.
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REIT Distributions. Notwithstanding anything to the contrary in this Agreement, the General Partner shall cause the Partnership to distribute amounts sufficient to enable the Apple Suites REIT to pay its dividends to shareholders dividends so that will allow the Apple Suites REIT to will (ia) meet the distribution requirement requirements for qualification as a REIT as set forth in Section 857(a)(1857(a)(i) of the Code Code; and (iib) avoid any federal Federal income or excise tax liability imposed by the Code.
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