Common use of Status as REIT Clause in Contracts

Status as REIT. The Borrower is organized in conformity with -------------- the requirements for qualification as a real estate investment trust under the Code. Borrower has met all of the requirements for qualification as a real estate investment trust under the Code for its fiscal year ended December 31, 1995. The Borrower is in a position to qualify for its current fiscal year as a real estate investment trust under the Code and its proposed methods of operation will enable it to so qualify.

Appears in 2 contracts

Samples: Credit Agreement (Hospitality Properties Trust), Credit Agreement (Hospitality Properties Trust)

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Status as REIT. The Borrower is organized in conformity with -------------- the requirements for qualification as a real estate investment trust under the Code. Borrower has met all of the requirements for qualification as a real estate investment trust under the Code for its fiscal year ended December 31, 19951996. The Borrower is in a position to qualify for its current fiscal year as a real estate investment trust under the Code and its proposed methods of operation will enable it to so qualify.

Appears in 2 contracts

Samples: First Supplemental Credit Agreement (Hospitality Properties Trust), Second Supplemental Credit Agreement (Hospitality Properties Trust)

Status as REIT. The Borrower is organized in conformity with -------------- the requirements for qualification as a an equity-oriented real estate investment trust under the Code. Borrower has met all of the requirements for qualification as a an equity-oriented real estate investment trust under the Code for its fiscal year Fiscal Year ended December 31, 1995. The Borrower is in a position to qualify for its current fiscal year Fiscal Year as a real estate investment trust under the Code and its proposed methods of operation will enable it to so qualify.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Felcor Suite Hotels Inc), Revolving Credit Agreement (Felcor Suite Hotels Inc)

Status as REIT. The Borrower is organized in conformity with -------------- the requirements for qualification as a real estate investment trust under the Code. Borrower has met all of the requirements for qualification as a real estate investment trust under the Code for its fiscal year ended December 31, 1995. The Borrower is in a position to qualify for its current fiscal year as a real estate investment trust under the Code and its proposed methods of operation will enable it to so qualify.

Appears in 1 contract

Samples: Credit Agreement (Hospitality Properties Trust)

Status as REIT. The Borrower is organized in conformity with -------------- the requirements for qualification as a an equity-oriented real estate investment trust under the Code. Borrower has met all of the requirements for qualification as a an equity-oriented real estate investment trust under the Code for its fiscal year Fiscal Year ended December 31, 19951997. The Borrower is in a position to qualify for its current fiscal year Fiscal Year as a real estate investment trust under the Code and its proposed methods of operation will enable it to so qualify.

Appears in 1 contract

Samples: Credit Agreement (Felcor Lodging Trust Inc)

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Status as REIT. The Borrower is organized in conformity with -------------- the requirements for qualification as a an equity-oriented real estate investment trust under the Code. Borrower has met all of the requirements for qualification as a an equity-oriented real estate investment trust under the Code for its fiscal year Fiscal Year ended December 31, 19951996. The Borrower is in a position to qualify for its current fiscal year Fiscal Year as a real estate investment trust under the Code and its proposed methods of operation will enable it to so qualify.

Appears in 1 contract

Samples: Revolving Credit Agreement (Felcor/Lax Holdings Lp)

Status as REIT. The Borrower is organized in conformity with -------------- the requirements for qualification as a an equity-oriented real estate investment trust under the Code. Borrower has met all of the requirements for qualification as a an equity-oriented real estate investment trust under the Code for its fiscal year Fiscal Year ended December 31, 19951998. The Borrower is in a position to qualify for its current fiscal year Fiscal Year as a real estate investment trust under the Code and its proposed methods of operation will enable it to so qualify.

Appears in 1 contract

Samples: Loan Agreement (Felcor Lodging Trust Inc)

Status as REIT. The Borrower is organized in conformity with -------------- the requirements for qualification as a an equity-oriented real estate investment trust under the Code. Borrower has met all of the requirements for qualification as a an equity-oriented real estate investment trust under the Code for its fiscal year Fiscal Year ended December 31, 19951999. The Borrower is in a position to qualify for its current fiscal year Fiscal Year as a real estate investment trust under the Code and its proposed methods of operation will enable it to so qualify.

Appears in 1 contract

Samples: Credit Agreement (Felcor Hotel Asset Co LLC)

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