Protected REIT definition

Protected REIT. Any entity that (i) has elected to be taxed as a real estate investment trust pursuant to Section 856 et seq. of the Code, (ii) owns a direct or indirect equity interest in Purchaser, and (iii) is treated for purposes of Section 856 of the Code as owning all or a portion of the assets of the Purchaser or as receiving all or a portion of the Purchaser’s income.
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Protected REIT means any entity that (i) has elected to be taxed as a REIT, and (ii) either (A) is an Indemnitee or (B) owns a direct or indirect equity interest in any Indemnitee and is treated for purposes of Section 856 of the Code as owning all or a portion of the assets of such Indemnitee or as receiving all or a portion of the Indemnitee’s income.
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Protected REIT means any entity that (i) has elected or intends to elect to be taxed as a REIT, and (ii) either (A) is an Indemnification Payee or Required Party or (B) owns a direct or indirect equity interest in an Indemnification Payee or Required Party and is treated for purposes of Section 856 of the Code as (x) owning all or a portion of the assets of such Indemnification Payee or Required Party or (y) as receiving all or a portion of such Indemnification Payee’s or Required Party’s income.
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Examples of Protected REIT in a sentence

  • Notwithstanding anything to the contrary in this Agreement, the amount of any indemnification payments due under this Agreement to a Protected REIT shall not exceed an amount equal to the maximum amount that can be paid to the Indemnitee in such year without causing the Protected REIT to fail to meet the REIT Requirements for any tax year, determined as if such indemnification payment was Nonqualifying Income as determined by the REIT tax counsel or independent accountants to the Protected REIT.

  • In the case of Prime, such reports shall include all information reasonably required by Prime to enable the Protected REIT to determine that it has satisfied all applicable requirements relating to REITs generally or the Protected REIT specifically.


More Definitions of Protected REIT

Protected REIT means any entity that (a) has elected, or intends to elect for the taxable year in which the applicable payment is to be made, to be taxed as a REIT, and (b) either (i) is an Indemnified Party or (ii) owns a direct or indirect equity interest in any Indemnified Party and is treated for purposes of Section 856 of the Code as owning all or a portion of the assets of such Indemnified Party or as receiving all or a portion of the Indemnified Party’s income.
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Protected REIT means Prime Group Realty Trust, a Maryland real estate investment trust.
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Protected REIT means any entity that (i) has elected to be taxed as a REIT and (ii) either (a) is an Indemnified Party or
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Protected REIT means any entity that (i) has elected to be taxed as a REIT, and (ii) either (A) is an Indemnitee or(B) owns a direct or indirect equity interest in any Indemnitee and is treated for purposes of Section 856 of the Code as owning all or a portion of the assets of such Indemnitee or as receiving all or a portion of the Indemnitee’s income.
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Related to Protected REIT

  • protected species means any of the following animals:

  • Qualifying exigency means a situation where the eligible employee seeks leave for one or more of the following reasons:

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

  • Protected Information means PHI provided by CE to BA or created, maintained, received or transmitted by BA on CE’s behalf.

  • Qualified assessor means an entity contracting with the Department of Medical Assistance Services