REIT Election definition

REIT Election means the election by the Issuer (or its applicable parent entity) to be treated as a REIT; provided that (x) the Issuer (or its applicable parent entity) has publicly announced its intention to become a REIT and (y) as of such election, on a pro forma basis after giving effect to all related REIT Conversion Transactions, the REIT Conversion Transaction Requirement is satisfied.

REIT Election means an election to be taxed as a REIT under Code Section 856(c)(1); and

REIT Election means an election by any Restricted Subsidiary to be treated as a REIT (other than a public REIT).

Examples of REIT Election in a sentence

• Following the REIT Election, the Borrower (or applicable parent entity) will, at all times, conduct its affairs in a manner so as to continue to qualify as a REIT for U.S. federal income tax purposes until such time as the board of directors of the Borrower (or applicable parent entity) deems it in the best interests of the Borrower and its stockholders not to remain qualified as a REIT.

• Subject to Section 9.7 of these Articles, nothing contained in this Section 9.2 shall limit the authority of the Board to take such other action as it deems necessary or advisable to protect the Corporation and the interests of its shareholders in preserving the Corporation’s qualification (or, if prior to the REIT Election Date, expected qualification) as a REIT.

• Subject to Sections 5.1 and 5.6 of the Declaration of Trust, nothing contained in this Section 7.2 shall limit the authority of the Board of Trustees to take such other action as it deems necessary or advisable to protect the Trust in preserving the Trust’s qualification (or, if prior to the REIT Election Date, expected qualification) as a REIT.

• February 17, 1998 Vornado Realty Trust Park 80 West, Plaza II Saddle Brook, NJ 07663 Sullivan & Cromwell 125 Broad Street New York, NY 10004 Alexander's REIT Election ------------------------- Dear Sirs: In connection with a certain registration statement on Form S-11 of Vornado Operating Inc.

• Except as provided in Section E of this Article IX, nothing contained in this Article IX shall limit the authority of the Board of Directors to take such other action as it deems necessary or advisable to protect the Corporation and the interests of its stockholders by preservation of the Corporation’s status (or, if prior to the REIT Election Date, expected status) as a REIT.

More Definitions of REIT Election

REIT Election means Parent’s election to be, and qualification to be taxed as, a real estate investment trust for U.S. federal income tax purposes.

REIT Election means the Issuer’s election to be, and qualification to be taxed as, a real estate investment trust for U.S. federal income tax purposes.

REIT Election shall have the meaning set forth in Section 5.2.10(h) hereof.

REIT Election means Holdings’ election to be, and qualification to be taxed as, a REIT for U.S. federal income tax purposes.

REIT Election has the meaning set forth in the preamble to this Agreement.

REIT Election means Holdings’ election to be, and qualification to be taxed as, a REIT for U.S. federal income tax purposes

REIT Election means an election by the General Partner or any successor to the General Partner to qualify as a REIT.