Examples of Trilogy REIT in a sentence
The Company shall cause Trilogy REIT to issue preferred ownership interests to 100 or more persons.
Upon an IPO, any governance or transfer restrictions described above governing Trilogy REIT shall terminate.
The Company shall be liquidated and dissolved upon the IPO and the Members shall be subject to customary lock-up restrictions with respect to the equity interests in Trilogy REIT they receive in connection with such IPO.
The officers of Trilogy REIT shall not be entitled to any compensation from the Company or Trilogy REIT for their service as officers of Trilogy REIT, respectively.
Except as provided in Exhibit E, the Manager, without the Consent of any Member, may cause the Company, in its capacity as the sole trustee of Trilogy REIT, to (i) appoint one or more officers of Trilogy REIT at any time, and (ii) cause Trilogy REIT, in its capacity as the controlling member of HoldCo, to appoint one or more officers of HoldCo at any time.
Except as provided in Exhibit E, each officer of Trilogy REIT and HoldCo may similarly be removed by the decision of the Manager at any time, with or without cause.
The Company shall own all of the common ownership interests of Trilogy Real Estate Investment Trust, a Maryland statutory trust that has elected to be taxed as a REIT (“Trilogy REIT”), and the Company shall serve as the sole trustee of Trilogy REIT.
At the Effective Time, Trilogy REIT shall own initially approximately 96% of the ownership interests of HoldCo. At the Effective Time, HoldCo shall own indirect ownership interests of, and shall have general management control over (i) Trilogy OpCo Finance, LLC (“OpCo”), (ii) Trilogy PropCo Finance, LLC (“PropCo I”), (iii) Trilogy PropCo II, LLC (“PropCo II”), and (iv) Trilogy Pro Services, LLC (“Pro Services”) and their respective subsidiaries.
Xxxxx Its: President Purchaser: TRILOGY REAL ESTATE INVESTMENTTRUST By: Trilogy REIT Holdings, LLC Its: Sole Trustee By: GAHC3 Trilogy JV, LLC Its: Sole Manager By: Xxxxxxx-American Healthcare REIT III Holdings, LP Its: Sole Manager By: Xxxxxxx-American Healthcare REIT III, Inc.
In furtherance of the foregoing, the Manager shall cause the Company, in its capacity as the sole trustee of Trilogy REIT, in its capacity as the controlling member of HoldCo, to cause HoldCo to appoint Xxxxxxx Xxxxxxx and the individuals identified in writing as the XXXX Directors and the NHI Director to serve as HoldCo Directors effective upon the Closing.