PRISA III REIT definition

PRISA III REIT means PRISA III FUND REIT, Inc., a Maryland corporation.
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PRISA III REIT means PRISA III Fund REIT, Inc., a real estate investment trust, or REIT, that has an ownership interest in PRISA III.
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Examples of PRISA III REIT in a sentence

  • ASHFORD HOSPITALITY LIMITED PARTNERSHIP, a Delaware limited partnership By: Ashford OP General Partner LLC, its general partner By: /s/ Xxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Vice President PRISA III: PRISA III REIT OPERATING LP, a Delaware limited partnership By: PRISA III OP GP, LLC, its general partner By: PRISA III Fund LP, its manager By: PRISA III Fund GP, LLC, its general partner By: PRISA III Fund PIM, LLC, its sole member By: Prudential Investment Management, Inc., its sole member By: /s/ Xxxxx X.

  • Brook Title: Vice President 00000000.0.XXXXXXXX PRISA III REIT OPERATING LP By: PRISA III OP GP, LLC, its general partner By: PRISA III FUND LP, its manager By: PRISA III FUND GP, LLC, its general partner By: PRISA III FUND PIM, LLC, its sole member By: Prudential Investment Management, Inc., its sole member By: /s/ Xxxxx X.

  • Brook Title: Vice President PRISA III REIT OPERATING LP By: PRISA III OP GP, LLC, its general partner By: PRISA III FUND LP, its manager By: PRISA III FUND GP, LLC, its general partner By: PRISA III FUND PIM, LLC, its sole member By: Prudential Investment Management, Inc., its sole member By: /s/ Xxxxx X.

  • Ashford and PIM hereby acknowledge and agree that all rights of PIM in respect of the Master Venture Agreement, Subsidiary and the Investment shall be exercised and enforced solely by PRISA III REIT Operating LP.

  • Xxxxx/Barclays Mortgage Loan Guaranty and Indemnity Agreement by Ashford Hospitality Limited Partnership and PRISA III REIT Operating LP, in favor of Xxxxx Fargo Bank, National Association and Barclays Capital Real Estate Inc.

  • Seller is a disregarded entity that is wholly-owned by PRISA III REIT Operating LP, a Delaware limited partnership (“Transferor”).

  • Allen Telephone No.: (000) 000-0000 Fax: (000) 000-0000 Email: xxxxxx@xxxxxxxxxx.xxx With a copy to: Holland & Xxxx 000 Xxxxx Xxxx Xxxxxx Xxxxx 0000 Salt Lake City 84101 Attention: Xxxxxx Xxxxx Telephone No.: (000) 000-0000 Fax: (000) 000-0000 Email: xxxxxxx@xxxxxxxxxxx.xxx If to PRIII Member: c/o PRISA III REIT Operating LP 0 Xxxxxx Xxxxx Xxxxxxxxxx, Xxx Xxxxxx 00000 Attention: Xxxxx X.

  • Gentlemen: Reference is made to (a) those four (4) certain Guaranty and Indemnity Agreements dated March ___, 2011, executed by Ashford Hospitality Limited Partnership and PRISA III REIT Operating LP (each, a “Guarantor”), copies of which are attached hereto as Exhibit A (collectively, the “Guaranty”) and (b) that certain Indemnity Agreement dated March ___, 2011, executed by Remington Lodging & Hospitality LLC (“Remington”), a copy of which is attached hereto as Exhibit B (the “Indemnity Agreement”).

  • The Members and the Committee Representatives acknowledge that PRISA III is indirectly owned through one or more pass through entities by the PRISA III REIT, and that Ashford is indirectly owned in part by Ashford REIT and that each of PRISA III REIT and Ashford REIT is subject to the federal income tax rules applicable to REITs (as defined below).

  • During the Term of this Agreement, Manager shall at all times qualify as an “eligible independent contractor” as defined in Section 856(d)(9) of the Code with respect to each of AHT and PRISA III REIT (“Eligible Independent Contractor”).

Related to PRISA III REIT

  • REIT means a real estate investment trust under Sections 856 through 860 of the Code.

  • General partnership means an organization formed under chapters 45-13 through 45-21.

  • Qualified REIT Subsidiary means any Subsidiary of the General Partner that is a “qualified REIT subsidiary” within the meaning of Section 856(i) of the Code.

  • Disqualified Partnership Any domestic entity classified as a partnership under the Code if any of its direct or indirect beneficial owners (other than through a U.S. corporation) are (or, under the applicable partnership agreement, are permitted to be) Disqualified Non-United States Tax Persons.

  • General Partners means all such Persons.

  • Foreign partnership means an association of two or more persons to carry on as co-owners of a

  • Taxable REIT Subsidiary means a “taxable REIT subsidiary” within the meaning of Section 856(l) of the Code.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • General Partner has the meaning set forth in the Preamble.

  • General Partner Loan shall have the meaning set forth in Section 4.3.B.

  • Section 385 Controlled Partnership has the meaning set forth in Treasury Regulation Section 1.385-1(c)(1) for a “controlled partnership”.

  • Operating Partnership has the meaning set forth in the preamble.

  • Surviving Partnership has the meaning set forth in Section 11.2.B(ii) hereof.

  • SPE Equity Owner is not applicable. Borrower will not be required to maintain an SPE Equity Owner in its organizational structure during the term of the Loan and all references to SPE Equity Owner in this Loan Agreement and in the Note will be of no force or effect.

  • Partnership Subsidiary means Host LP and any partnership, limited liability company, or other entity treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes in which either Host REIT or Host LP owns (or owned on or after January 1, 1999) an interest, either directly or through one or more other partnerships, limited liability companies or other entities treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes (whether or not Host REIT or Host LP has a controlling interest in, or otherwise has the ability to control or direct the operation of, such entity). Notwithstanding the foregoing, the term “Partnership Subsidiary” shall not in any way be deemed to include the Non-Controlled Subsidiaries or subsidiaries thereof, the Taxable REIT Subsidiaries or subsidiaries thereof, or the Subsidiary REITs or subsidiaries thereof.

  • Partnership Percentage means the percentage share of each Partner in the Net Income or Net Loss of the Partnership. The Partners’ initial Partnership Percentages shall be proportionate to the Partners’ initial Capital Contributions to the Partnership. Thereafter, subject to Section 1.68(g), such Partnership Percentages shall be adjusted only to reflect a disproportionate Capital Contribution by one or more Partners or a disproportionate distribution to one or more Partners, with disproportion being determined in accordance with Sections 4.2(a) and 4.5(b), except as set forth in Section 1.68(f).

  • REIT Status means, with respect to any Person, (a) the qualification of such Person as a real estate investment trust under the provisions of Sections 856 et seq. of the Code and (b) the applicability to such Person and its shareholders of the method of taxation provided for in Sections 857 et seq. of the Code.

  • GP means Gottbetter & Partners, LLP.

  • CDO Asset Manager with respect to any Securitization Vehicle that is a CDO, shall mean the entity that is responsible for managing or administering a Note as an underlying asset of such Securitization Vehicle or, if applicable, as an asset of any Intervening Trust Vehicle (including, without limitation, the right to exercise any consent and control rights available to the holder of such Note).