REIT Seller definition

REIT Seller. As the case may be, American Home Mortgage Investment Corp. and American Home Mortgage Acceptance, Inc.
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REIT Seller means any Seller which has REIT Status as of the Effective Date.
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REIT Seller means any Seller which has REIT Status.
Sample 1

Examples of REIT Seller in a sentence

  • Each REIT Seller for its current "tax year" (as defined in the Code) is entitled to a dividends paid deduction under the requirements of Section 857 of the Code with respect to any dividends paid by it with respect to each such year for which it claims a deduction in its Form 1120-REIT filed with the United States Internal Revenue Service for such year.

  • Failure of the REIT Seller to make, or cause to be made, Servicing Advances with respect to the Purchased Assets in the event any Subservicer fails to do so, if such failure is not cured within five (5) Business Days of notice thereof from Buyer.

  • Each Seller and each REIT Seller Sub is duly licensed or qualified to do business and is in good standing in each jurisdiction in which the ownership of the Property or the operation of its business as currently conducted makes such licensing or qualification necessary.

  • REIT Seller shall be entitled to have distributed to it prior to Closing all cash held by any and all REIT Seller Subs.

  • No REIT Seller Sub has agreed to any waiver of any statute of limitations in respect of taxes that remains in effect.

  • Each Seller and each REIT Seller Sub (a) is a limited liability company duly formed, validly existing and in good standing under the laws of the State of Delaware, and (b) has full corporate power and authority to own, operate or lease the Properties and assets now owned, operated or leased by it and to carry on its business as currently conducted.

  • In consideration of the covenants herein contained, REIT Seller hereby agrees to sell and Buyer hereby agrees to purchase the Units in accordance with the terms and conditions set forth in this Agreement, and C-Corp Seller hereby agrees to sell and Buyer hereby agrees to purchase the C-Corp Property in accordance with the terms and conditions set forth in this Agreement.

  • The Leases identified on Exhibit D, the Contracts identified on Exhibit I and the Management Agreement comprise all of the Leases and Contracts as of the Effective Date (a) by which the Property is bound or affected or (b) to which either Seller or any REIT Seller Sub is a party or by which any of them is bound in connection with the Property.

  • All of the organizational documents of the REIT Seller Subs are set forth on Exhibit J, and are in full force and effect and have not been amended, supplemented or otherwise modified, except as shown in such Exhibit J.

  • REIT Seller shall pay or cause to be paid the taxes shown as due on any such tax return to the extent such taxes relate to any tax period prior to the Adjustment Point; provided that REIT Seller shall have no liability with respect to (and Buyer shall pay or cause to be paid) (i) any such taxes that result from actions (but not inactions) outside the ordinary course of business taken after the Adjustment Point or (ii) Taxes incurred after the Adjustment Point.

Related to REIT Seller

  • Contributors has the meaning set forth in the Preamble.

  • Contributor means Licensor and any individual or Legal Entity on behalf of whom a Contribution has been received by Licensor and subsequently incorporated within the Work.

  • Selling Partner has the meaning set forth in Section 8.5.

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

  • Seller Entities means the Seller and its affiliates other than the Buyer Entities;

  • Selling Member has the meaning set forth in Section 10.5(a).

  • Taxable REIT Subsidiary means any corporation (other than a REIT) in which General Partner directly or indirectly owns stock and General Partner and such corporation jointly elect that such corporation shall be treated as a taxable REIT subsidiary of General Partner under and pursuant to Section 856 of the Code.

  • Seller has the meaning set forth in the Preamble.

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

  • REIT Partner means (a) the General Partner or any Affiliate of the General Partner to the extent such person has in place an election to qualify as a REIT and, (b) any Disregarded Entity with respect to any such Person.

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

  • BIDDER/Seller which expression shall mean and include, unless the context otherwise requires, his successors and permitted assigns) of the second part.

  • Buyer has the meaning set forth in the preamble.

  • Buyer Entities means, collectively, Buyer and all Buyer Subsidiaries.

  • Model 4 seller means a seller that is registered under the agreement and is not a model 1 seller, model 2 seller, or model 3 seller.

  • Contributing Partner means each Partner contributing (or deemed to have contributed on termination and reconstitution of the Partnership pursuant to Section 708 of the Code or otherwise) a Contributed Property.

  • Primary Seller means the Seller whose Bid City selected as the principal supplier of the Goods and/or Services required under this Agreement.

  • Redeeming Partner has the meaning set forth in Section 8.6.A.

  • Deemed Partnership Interest Value means, as of any date with respect to any class of Partnership Interests, the Deemed Value of the Partnership Interests of such class multiplied by the applicable Partner's Percentage Interest of such class.

  • 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.

  • Model 1 seller means a seller registered under the agreement that has selected a certified service provider as the seller's agent to perform all of the seller's sales and use tax functions for agreement sales and use taxes other than the seller's obligation under Section 59-12-124 to remit a tax on the seller's own purchases.

  • Parent Entities means, collectively, Parent and all Parent Subsidiaries.

  • JV Entity means any joint venture of the Borrower or any Restricted Subsidiary that is not a Subsidiary.

  • REIT Share means a share of common stock, par value $.01 per share, of the General Partner.

  • General Partner means the Company or its successors as general partner of the Partnership.

  • REIT Shares Amount means a number of REIT Shares equal to the product of the number of Partnership Units offered for exchange by a Tendering Party, multiplied by the Conversion Factor as adjusted to and including the Specified Redemption Date; provided that in the event the General Partner issues to all holders of REIT Shares rights, options, warrants or convertible or exchangeable securities entitling the stockholders to subscribe for or purchase REIT Shares, or any other securities or property (collectively, the “rights”), and the rights have not expired at the Specified Redemption Date, then the REIT Shares Amount shall also include the rights issuable to a holder of the REIT Shares Amount of REIT Shares on the record date fixed for purposes of determining the holder of REIT Shares entitled to rights.