SECTION REIT Status Sample Clauses

SECTION REIT Status. Prior to the Reorganization, the Borrower shall maintain its status as, and election to be treated as, a REIT. On and after the Reorganization, the REIT Entity shall maintain its status as, and election to be treated as, a REIT.
Sample 1
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SECTION REIT Status. EOPT is qualified and EOPT intends to continue to qualify as a real estate investment trust under the Code.
Sample 1

Related to SECTION REIT Status

  • REIT Status The Borrower qualifies as, and has elected to be treated as, a REIT and is in compliance with all requirements and conditions imposed under the Internal Revenue Code to allow the Borrower to maintain its status as a REIT.

  • Independent Status The employees, volunteers, or agents of each party who are engaged in the performance of this Agreement will continue to be employees, volunteers, or agents of that party and will not for any purpose be employees, volunteers, or agents of the other party.

  • Partnership Status The parties intend to treat the Partnership as a partnership for U.S. federal income tax purposes.

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