REIT Status definition
Examples of REIT Status in a sentence
The Borrower shall maintain, and shall cause each other Loan Party to maintain, insurance as required pursuant to Section 8.5. (aa) REIT Status.
The Parent REIT has been, and is as of the Sixth Amendment Effective Date, organized and operated in a manner that has allowed it, and will allow it to continue, to qualify for REIT Status, and has maintained its election to be treated as a REIT, commencing with its taxable year ending December 31, 2018.
At all times, the Borrower shall continue to (a) be organized and operated in a manner that will allow the Borrower to qualify for REIT Status and (b) remain publicly traded with securities listed on the New York Stock Exchange or the NASDAQ Stock Market.
The Borrower shall, for any reason, fail to maintain its REIT Status, after taking into account any cure provisions set forth in the Code that are complied with by the Borrower.