Common use of REIT Tax Opinion Clause in Contracts

REIT Tax Opinion. The Company shall have received a written opinion reasonably acceptable to the Company from Xxxx Xxxxxxx LLP, counsel to CNLRP, that CNLRP qualified as a REIT under the Code for all open taxable years through December 31, 2003, that CNLRP is organized in conformity with the requirements for qualification as a REIT under the Code, and that CNLRP’s method of operation will enable it to meet the requirements for qualification as a REIT under the Code for the taxable year beginning January 1, 2004, determined as if such taxable year ended as of the Closing.

REIT Tax Opinion. The Company CNLRP shall have received a written opinion reasonably acceptable to the Company CNLRP from Xxxxx Liddell & Xxxx Xxxxxxx LLP, counsel to CNLRPthe Company, that CNLRP the Company qualified as a REIT under the Code for all open taxable years through December 31, 2003, that CNLRP the Company is organized in conformity with the requirements for qualification as a REIT under the Code, and that CNLRPthe Company’s method of operation will enable it to meet the requirements for qualification as a REIT under the Code for the taxable year beginning January 1, 2004, determined as if such taxable year ended as of the Closing.