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.
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Examples of REIT Seller in a sentence

  • If an Event of Default has occurred and is continuing, Sellers shall not pay any dividends or distributions for the purchase, redemption, defeasance, retirement or other acquisition of any equity interest in Sellers, either directly or indirectly, whether in cash or property or in obligations of Sellers; provided that notwithstanding anything herein to the contrary, Sellers shall be permitted to pay any such dividends as are required for REIT Seller to maintain its REIT Status.

  • 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.

  • As of the Effective Date, REIT Seller has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Maryland.

  • A breach by (i) Sellers of any of the representations, warranties or covenants or obligations set forth in Sections 13.a(7), 13.a(12), 14.b, 14.o(i), 14.w or 14.z of this Agreement or (ii) REIT Seller of any of the representations, warranties or covenants or obligations set forth in Section 4 of the Pricing Side Letter.

  • Each REIT Seller for its current “tax year” (as defined in the Code) is and for all prior tax years subsequent to its election to be a real estate investment trust has been 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.

  • No REIT Seller has engaged in any material “prohibited transactions” as defined in Section 857(b)(6)(B)(iii) and (C) of the Code.

  • REIT Seller fails to qualify as a REIT following the filing of its 2019 tax return with the Internal Revenue Service (after receipt of written notice thereof from the Internal Revenue Service and after giving effect to any cure or corrective periods or allowances or other actions, including pursuant to Code Sections 856(c), 857, and 860, permitted to be taken by REIT Seller to maintain its REIT Status).

  • REIT Seller shall elect to be taxed as a REIT as of the filing of its 2019 tax return with the Internal Revenue Service and shall maintain its REIT Status thereafter at all times.

  • 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.

  • Neither Sellers nor any of the REIT Seller Subs have any employees on-site at the Property providing on-site services to the Property.

Related to REIT Seller

  • Contributors means any organization(s), entity(ies) and/or individual(s) providing technology and/or patent rights related to the ATCC Material, or original material to ATCC for deposit.

  • 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, collectively, Seller and all Seller Subsidiaries.

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

  • Taxable REIT Subsidiary means a “taxable REIT subsidiary” within the meaning of Section 856(l) 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.

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

  • Buyer has the meaning set forth in the preamble.

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

  • 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.

  • 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 has the meaning set forth in the Preamble.

  • 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.

  • JV means Joint Ventures