REIT Qualification Date definition

REIT Qualification Date means such date as the Managing Member shall determine is necessary or advisable for the Company in connection with an election by a REIT Subsidiary to be taxed as a REIT to ensure that the REIT Subsidiary satisfies the REIT qualification requirements under Section 856 of the Code.
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REIT Qualification Date means the effective date of the REIT Subsidiary’s election to be taxed as a REIT.
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REIT Qualification Date means the effective date of the Corporation’s REIT election.
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Examples of REIT Qualification Date in a sentence

  • Except as provided in Section 6.5, from the REIT Qualification Date until the Restriction Termination Date, any purported Transfer that, if effective, would prevent any income of the Corporation from qualifying as “rents from real property” for purposes of Section 856(d) of the Code shall be void ab initio as to the Transfer of that amount of Equity Interests that would prevent such income from so qualifying, and the intended transferee shall acquire no rights in such Equity Interests.

  • From the REIT Qualification Date until the Restriction Termination Date, any purported Transfer that, if effective, would cause the Corporation to fail to qualify as a REIT, except as otherwise provided in this Section 6.1, shall be void ab initio as to the Transfer of that amount of Equity Interests that would cause the Corporation to fail to qualify as a REIT, and the intended transferee shall acquire no rights in such Equity Interests.

  • From the REIT Qualification Date until the Restriction Termination Date, any purported Transfer that, if effective, would cause the Corporation to fail to qualify as a REIT, except as otherwise provided in this Section 6.2, shall be void ab initio as to the Transfer of that amount of Equity Interests that would cause the Corporation to fail to qualify as a REIT, and the intended transferee shall acquire no rights in such Equity Interests.

Related to REIT Qualification Date

  • Capital Disqualification Event has the meaning specified in Section 1.1 of the Indenture.

  • MREL Disqualification Event means that, at any time, all or part of the outstanding nominal amount of Securities is or will be excluded fully or partially from the eligible liabilities available to meet the MREL Requirements provided that: (a) the exclusion of a Series of such Securities from the MREL Requirements due to the remaining maturity of such Securities being less than any period prescribed thereunder, does not constitute a MREL Disqualification Event; (b) the exclusion of all or some of a Series of Securities due to there being insufficient headroom for such Securities within a prescribed exception to the otherwise applicable general requirements for eligible liabilities does not constitute a MREL Disqualification Event; and (c) the exclusion of all or some of a Series of Securities as a result of such Securities being purchased by or on behalf of the Issuer or as a result of a purchase which is funded directly or indirectly by the Issuer, does not constitute a MREL Disqualification Event.

  • Minimum Qualifications means the requirements of education, training, experience and other basic qualifications for a job.

  • Disqualification Event shall have the meaning ascribed to such term in Section 3.1(rr).

  • Initial Funding Date means the date on or after the Closing Date, on which all of the conditions described in Section 6.1 have been satisfied (or waived) in a manner satisfactory to the Administrative Agent and the Lenders and on which the initial Loans under this Agreement are made by the Lenders to the Borrower.

  • REIT means a real estate investment trust qualifying under Code Section 856.

  • REIT Requirements has the meaning set forth in Section 5.2.