Trilogy REIT definition

Trilogy REIT shall have the meaning specified in Section 2.05.
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Trilogy REIT means Trilogy REIT Holdings, LLC, a Delaware limited liability company.
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Examples of Trilogy REIT in a sentence

  • 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.

  • Upon receipt of such written notice from NHI, the Manager shall promptly 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 remove and/or replace the NHI Director in accordance with the direction of NHI.

  • Upon an IPO, any governance or transfer restrictions described above governing Trilogy REIT shall terminate.

  • Upon approval of the Manager and the Qualifying Members of the appointment, removal or replacement of a HoldCo Director as a Major Decision, the Manager shall promptly 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, remove and/or replace such HoldCo Director in accordance with the approved Major Decision.

  • The Company shall cause Trilogy REIT to issue preferred ownership interests to 100 or more persons.

  • The Manager’s inability to obtain such an opinion shall not be a violation of this subsection or a breach of this Agreement so long as (i) the Manager has used commercially reasonable efforts to obtain such opinion and (ii) the failure to obtain such opinion is not a result of any action or inaction by the Manager that Manager knew or should have known would cause Trilogy REIT to fail to qualify as a REIT.

  • 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.

  • 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, 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 will elect to be taxed as a REIT (“Trilogy REIT”), and the Company shall serve as the sole trustee of Trilogy REIT.