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.

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 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.

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).

• In preparing this opinion letter, we have reviewed forms of the Partnership Agreement, the Subsidiary REIT Agreement, the Crown Pine Purchase Agreement, the Asset Management Agreement and such other forms of agreement and documents as we have deemed relevant and necessary in connection with the opinion hereinafter set forth.

• Based upon the foregoing, and subject to the qualifications, assumptions and limitations stated herein, we are of the opinion that commencing with its short taxable year ending December 31, 2018, the Subsidiary REIT will be organized in conformity with the requirements for qualification as a REIT under the Code, and its proposed method of operations will enable it to meet the requirements for qualification and taxation as a REIT under the Code.

• 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.

• This opinion regarding qualification of the Subsidiary REIT as a real estate investment trust (“REIT”) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the “Code”) is delivered pursuant to Section 4.9(a) of the Partnership Agreement.

More Definitions of Subsidiary REIT

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

Subsidiary REIT means NLO SubREIT LLC, a Delaware limited liability company, and any other entity in which Borrower directly or indirectly owns 100% of the applicable Subsidiary REIT Common Equity Interests, that holds a direct or indirect interest in certain Individual Senior 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 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 any Subsidiary of the REIT that qualifies as a “real estate investment trust” for U.S. federal income tax purposes.

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