Restriction Termination Date Clause Samples
The Restriction Termination Date clause defines the specific date on which certain restrictions, such as limitations on the sale or transfer of securities, will expire. In practice, this clause is commonly used in agreements involving restricted stock or other securities, specifying when holders are free to sell or otherwise dispose of their holdings without violating contractual or regulatory limitations. Its core function is to provide clarity and certainty to parties about when restrictions are lifted, thereby facilitating compliance and planning for future transactions.
Restriction Termination Date. The term “Restriction Termination Date” shall mean the first day after the Initial Date, on which the Board of Directors determines that it is no longer in the best interests of the Corporation to attempt to, or continue to, qualify as a REIT or that compliance with the restrictions and limitations on Beneficial Ownership, Constructive Ownership and Transfers of Shares set forth herein is no longer required in order for the Corporation to qualify as a REIT.
Restriction Termination Date. The term “Restriction Termination Date” shall mean the first day a REIT Termination event is effective (rr) Regulations. Regulations mean the Treasury Regulations of the United States.
Restriction Termination Date. See Section 7.1.
Restriction Termination Date. Effective on the earlier to occur of the event described in clause (a) of the definition of Restriction Termination Date and the date on which the lenders under the Fourth Amended and Restated Credit Agreement consent to the modifications contemplated by this Section 5.05 and Section 7(n) of the Parent Guaranty, Sections 5.01(b), 5.02(a), 5.02(b)(v)(B) and (vi), 5.02(e)(iv), (v), (vi), (vii) and (xi), 5.02(m) and Section 5.04 of this Article V will be amended to conform to the comparable provisions of the Fourth Amended and Restated Credit Agreement as in effect on the Closing Date.
Restriction Termination Date. The first day on which the Board of Directors determines that it is no longer in the best interests of the Corporation to attempt to, or continue to, qualify as a REIT or that compliance with the restrictions and limitations on Beneficial Ownership, Constructive Ownership and Transfers of Shares set forth herein is no longer required in order for the Corporation to qualify as a REIT.