Subsidiary REIT definition

Subsidiary REIT means, from and after the effective date of its REIT election, any direct or indirect subsidiary of Host LP that has elected to be treated as a REIT under the Internal Revenue Code.

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Subsidiary REIT means means any of RLJ III — MH Denver Airport, Inc. (f/k/a Lodgian Denver Inc.), RLJ III — EM West Palm Beach, Inc. (f/k/a Servico Centre Associates, Inc.), RLJ III — C Buckhead, Inc. (f/k/a Lodgian Buckhead, Inc.) and, from and after the effective date of its REIT election, any direct or indirect subsidiary of RLJ LP that has elected to be treated as a REIT under the Internal Revenue Code.

Subsidiary REIT means each applicable Subsidiary of the Company or of any Joint Venture that qualifies as a REIT.

Examples of Subsidiary REIT in a sentence

• Any provision herein regarding the purpose and powers of the Venture and the authorization of actions hereunder may be done through the Subsidiary REIT (and any subsidiary thereof).

• 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).

• Each Partner shall reasonably cooperate with the formation of any such TRS and execute any documents deemed reasonably necessary by the Rockpoint REITs, MCRC, MCPT, or RRT (or any Subsidiary REIT) in connection therewith.

• In consideration of the contribution of the Substitute Capital, the Subsidiary REIT shall issue Shares to the Person(s) contributing the Substitute Capital based on the value of the outstanding Shares of the Subsidiary REIT determined in accordance with this Section 3.3(b).

• Notwithstanding anything herein to the contrary (including Section 4.10), the Subsidiary REIT Board shall have the sole and exclusive authority to manage the operations of the Subsidiary REIT and its Subsidiaries and it shall not be in breach or contravention of this Agreement if the Subsidiary REIT or any of its Subsidiaries takes any action (or fail to take any action) approved by the Subsidiary REIT Board in accordance with the Subsidiary REIT Agreement.

More Definitions of Subsidiary REIT

Subsidiary REIT means any Subsidiary that for the applicable period has filed an election under Code Section 856(c) to be taxed as a REIT or otherwise intended (or intends) to qualify as a REIT for the applicable period.

Subsidiary REIT means NLO SubREIT LLC, a Delaware limited liability company, and any other entity in which Mezzanine Borrower directly or indirectly owns 100% of the applicable Subsidiary REIT Common Equity Interests, that holds a direct or indirect interest in certain Individual Borrowers and is or intends to elect to qualify to be taxed as a REIT.

Subsidiary REIT means the subsidiary to be formed by the Venture for the purpose of investing in the Project and that has qualified or intends to qualify as a REIT. The form of limited liability company agreement for the Subsidiary REIT is attached hereto as Exhibit E.

Subsidiary REIT means any Subsidiary of the REIT that qualifies as a “real estate investment trust” for U.S. federal income tax purposes.

Subsidiary REIT means RRP Subsidiary REIT, LP, a Delaware limited partnership.

Subsidiary REIT means, from and after the effective date of its REIT election, any subsidiary of Host LP that elects to be treated as a REIT under the Internal Revenue Code.

Subsidiary REIT means Behringer Harvard Redwood REIT, LLC, a subsidiary of the Venture.