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

Examples of REIT Election in a sentence

• In anticipation of the Company's intended election to be taxed as a REIT under the Code beginning with its 2019 taxable year (the "REIT Election"), the Company implemented an internal restructuring as of December 31, 2018.

• 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.

• The Board reserves the right, notwithstanding stockholder approval of the Charter Amendment and/or the TRA Amendment (if obtained), to elect not to proceed with the REIT Election if, at any time prior to filing the Charter Amendment, the Board determines that it is no longer in the best interest of Ladder and its stockholders to proceed therewith.

• Taxpayer may also make other cash and stock distributions in the two years following the effective date of the REIT Election, (the “Other Distributions” and together with the Purging Distributions, the “REIT Distributions”) in order to comply with the distribution requirement of section 857(a)(1).

• The amount of the award takes into account market benchmarks, individual performance over time, succession potential and key skills.1.2. Remuneration for all other employeesThe remuneration strategy for all other employees remains aligned with our approach for Senior Executives.

More Definitions of REIT Election

REIT Election means an election by the Borrower or any of its Subsidiaries to be treated as a REIT.

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 any Restricted Subsidiary to be treated as a REIT (other than a public REIT).

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.

REIT Election shall have the meaning set forth in Section 12.3.