Examples of Subsidiary REIT in a sentence
Furthermore, the General Partner shall structure the Partnership’s transactions to eliminate any prohibited transaction tax or other taxes applicable to Rockpoint REITs, RRT, MCRC, and MCPT (or any Subsidiary REIT).
Nothing contained in this Article VIII shall limit the authority of the General Partner to take such other action as it deems necessary or advisable to protect the Partnership, any Subsidiary REIT and the interests of their respective members by preservation of any Subsidiary REIT’s status as a REIT.
At that time, Subsidiary REIT’s new management team was not aware that the Subsidiary REIT also had x outstanding shares of preferred stock, the terms of which require all accrued but unpaid dividends on the preferred stock be paid first, or simultaneously, with any other dividends declared or distributed by the Subsidiary REIT.
If the General Partner as the Liquidator causes the Partnership to distribute shares in corporations or equities in limited liability companies, including a Subsidiary REIT, other than of marketable securities, the General Partner shall give Investor at least thirty (30) days prior written notice thereof and the date of such proposed distribution.
As described in the letter ruling, Subsidiary REIT made a pro rata distribution on its common stock in the amount of $a (“the Distribution”) on Date 2.