TRS definition

TRS means a taxable REIT subsidiary (as defined in Section 856(l) of the Code) of the General Partner.

TRS means American Express Travel Related Services Company, Inc., a New York corporation, and its successors and assigns.

TRS means a “taxable REIT subsidiary,” as described in Section 856(l) of the Code. Any entity taxable as a corporation in which a TRS of a real estate investment trust owns (x) securities possessing more than 35% of the total voting power of the outstanding securities of such entity or (y) securities having a value of more than 35% of the total value of the outstanding securities of such entity shall also be treated as a TRS of such real estate investment trust whether or not a separate election is made with respect to such other entity.

Examples of TRS in a sentence

• The Charter School is responsible for making arrangements with TRS and making monthly contributions for its teachers in accordance with state requirements.

• In addition, eligible Related Service Staff members will receive a post-retirement reimbursement for the premium cost incurred by the Related Service Staff member up to a maximum of $12,500 for employee (or employee and dependent) health insurance coverage under the TRS health insurance plan.

• No payment to any related service staff will result in any employer excess salary increase contribution or penalty to the Board, and if any such contribution or penalty is or may be assessed by TRS or IMRF against the Board, the Board may adjust the employee’s salary or extra duty retroactively to avoid the contribution or penalty.

• This benefit will terminate upon the Related Service Staff member's eligibility for Medicare or upon the Related Service Staff member electing coverage under a plan other than the TRS health insurance plan.

• If legislation is enacted and/or TRS rules and regulations are adopted during the life of this agreement that result in a greater cost to the District than the costs generated by this agreement, the provisions relating to such benefits shall be reopened for negotiations.

More Definitions of TRS

TRS means a taxable REIT subsidiary.

TRS means the teachers' retirement system.

TRS shall have the meaning specified in the initial paragraph of this Agreement.

TRS means any direct or indirect Subsidiary of the Borrower that is classified as a “taxable REIT subsidiary” under Section 856(l) of the Internal Revenue Code.

TRS is defined in the Preamble.

TRS means each of (a) Pebblebrook Hotel Lessee and (b) each other taxable REIT subsidiary that is a Wholly Owned Subsidiary of Pebblebrook Hotel Lessee.

TRS shall have the meaning set forth in Section 9.5(c).