Related Tenant Limit definition

Related Tenant Limit means 9.8% by value of the outstanding Capital Stock of the Corporation.
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Related Tenant Limit means 9.9% by value of the outstanding Shares of the Trust.
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Related Tenant Limit means 9.8% of the aggregate value of the outstanding Shares. “Related Tenant Owner” means any Constructive Owner who also owns, directly orindirectly, an interest in a Tenant, which interest is equal to or greater than (i) 9.8% of the combined voting power of all classes of stock of such Tenant, (ii) 9.8% of the total number of shares of all classes of stock of such Tenant or (iii) if such Tenant is not a corporation, 9.8% of the assets or net profits of such Tenant, in each case only if such ownership would cause the Company to fail the 95% gross income test set forth in Section 856(c)(2) of the Code or the 75% gross income test set forth in Section 856(c)(3) of the Code.
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Examples of Related Tenant Limit in a sentence

  • The Board of Directors of the Company has granted a waiver of the Related Tenant Limit (as such term is defined in the Company Charter) to Investor.

  • No Person shall Constructively Own Capital Stock in excess of the Related Tenant Limit for more than thirty (30) days following the date such Person becomes a Related Tenant Owner.

  • Capital stock transferred, proposed to be transferred, or retained in excess of the Ownership Limit, the Existing Holder Limit, or the Related Tenant Limit or which would otherwise jeopardize our REIT status (“excess shares”) will be deemed held in trust on behalf of and for our benefit.

  • Any Transfer that, if effective, would result in any Related Tenant Owner Constructively Owning Capital Stock in excess of the Related Tenant Limit shall be void ab initio as to the Transfer of such Capital Stock which would be otherwise Constructively Owned by such Related Tenant Owner in excess of the Related Tenant Limit, and the intended transferee shall Acquire no rights in such Capital Stock.

  • Our board of directors may waive the Ownership Limit, the Existing Holder Limit and the Related Tenant Limit if evidence satisfactory to the board is presented that such ownership will not then or in the future jeopardize our status as a REIT.

  • Except as provided in Section 3.1(n), until the Restriction Termination Date, any Transfer that, if effective, would result in any Related Tenant Owner Constructively Owning a Share in excess of the Related Tenant Limit shall be void ab initio as to the Transfer of the Share or portion thereof which would be otherwise Constructively Owned by such Related Tenant Owner in excess of the Related Tenant Limit; and the intended Transferee shall acquire no rights in such Share or portion thereof.


More Definitions of Related Tenant Limit

Related Tenant Limit means 9.9% by value of the outstanding shares of Stock of the Corporation.
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Related to Related Tenant Limit

  • Building Work has the meaning given to it in section 6 of the Building and Construction Industry (Improving Productivity) Act 2016 (Cth);

  • bicycle parking space – visitor means an area that is equipped with a bicycle rack for the purpose of parking and securing bicycles, and:

  • Tenant Improvements Defined in Exhibit B, if any.

  • Building Square Footage or "BSF" means the square footage of assessable internal living space of a Unit, exclusive of any carports, walkways, garages, overhangs, patios, enclosed patios, detached accessory structure, other structures not used as living space, or any other square footage excluded under Government Code Section 65995 as determined by reference to the Building Permit for such Unit.

  • bicycle parking space means an area used for parking or storing a bicycle;

  • Landlord’s Work means the work of constructing the Tenant Improvements.

  • Parking space leasing data means the following government data on an application for, or lease of, a parking space: residence address, home telephone number, beginning and ending work hours, place of employment, location of parking space, and work telephone number.

  • mixed-use building means a building or structure containing a residential and non- residential use other than a home occupation;

  • bicycle parking space – occupant means an area that is equipped with a bicycle rack or locker for the purpose of parking and securing bicycles, and:

  • demolition work means a method to dismantle, wreck, break, pull down or knock down of a structure or part thereof by way of manual labour, machinery, or the use of explosives;

  • Construction Lender means a person who makes a construction loan.

  • Building Plans mean the general building plans and specifications in respect of the Development or in respect of any part or parts of the Development prepared by the Authorized Person and approved by the Building Authority and includes any approved amendments thereto;

  • residential premises means a house, building, structure, shelter, or mobile home, or portion thereof, used as a dwelling, home, residence, or living place by 1 or more human beings. “Residential premises” includes an apartment unit, a boardinghouse, a rooming house, a mobile home, a mobile home space, and a single or multiple family dwelling, but does not include a hotel, a motel, motor home, or other tourist accommodation, when used as a temporary accommodation for guests or tourists, or premises used as the principal place of residence of the owner and rented occasionally during temporary absences including vacation or sabbatical leave.