ZML REIT definition

ZML REIT means any of ZML Investors, Inc., ZML Investors II, Inc., Zell/Xxxrxxx Xxxcx Xxxl Estate Opportunity Partners III Trust or Zell/Xxxrxxx Xxxcx Xxxl Estate Opportunity Partners IV Trust, each of which is a limited partner of Opportunity Partnership I, Opportunity Partnership II, Opportunity Partnership III or Opportunity Partnership IV respectively (collectively, the "ZML REITs").
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Examples of ZML REIT in a sentence

  • If the ZML REIT shall fail to undertake such defense within 30 days after such notice, or within such shorter time as may be reasonable under the circumstances, then the Indemnified Party shall have the right to undertake the defense, compromise or settlement of such liability or claim on behalf of and for the account of the ZML REIT.

  • Following the Merger, the separate corporate existence of each of the ZML REITs shall cease and the Company shall continue as the surviving corporation (the "Surviving Corporation") and shall succeed to and assume all the rights and obligations of each ZML REIT in accordance with the MGCL.

  • Since the date of this Agreement, there shall have been no Material Adverse Change as to any ZML REIT.

  • The Indemnified Party may at its option demand indemnity under this Article VI as soon as a claim has been threatened by a third party, regardless of whether any actual Losses have been suffered, so long as the Indemnified Party shall in good faith determine that such claim is not frivolous and that the Indemnified Party may be liable for, or otherwise incur, Losses as a result thereof and shall give notice of such determination to the ZML REIT.

  • All outstanding shares of capital stock or shares of beneficial interest of the ZML REIT are duly authorized, validly issued, fully paid and nonassessable and not subject to preemptive rights.

  • The ZML REIT has the requisite corporate or trust power and authority to enter into this Agreement and, including approval of this Agreement by the vote of the holders of such ZML REIT's ZML REIT Shares required to approve this Agreement and the transactions contemplated hereby (the "ZML REIT Shareholder Approvals"), to consummate the transactions contemplated by this Agreement to which the ZML REIT is a party.

  • The ZML REIT has delivered to the Company complete and correct copies of its Certificate of Incorporation or Declaration of Trust, as applicable, and Bylaws, each as amended to the date of this Agreement.

  • In the event of termination of this Agreement by any ZML REIT or the Company as provided in Section 7.1, this Agreement shall forthwith become void and have no effect, without any liability or obligation on the part of any ZML REIT or the Company, other than Article VI and except to the extent that such termination results from a material breach by a party of any of its representations, warranties, covenants or agreements set forth in this Agreement.

  • The execution and delivery of this Agreement by the ZML REIT and the consummation by the ZML REIT of the transactions contemplated by this Agreement to which the ZML REIT is a party have been duly authorized by all necessary corporate or trust action on the part of the ZML REIT.

  • On the date of this Agreement, except as set forth on Schedule 3.1(b), no shares of capital stock or shares of beneficial interest or other voting securities of the ZML REIT were issued, reserved for issuance or outstanding.

Related to ZML REIT

  • REIT means a real estate investment trust under Sections 856 through 860 of the Code.

  • General partnership means an organization formed under chapters 45-13 through 45-21.

  • Operating Partnership has the meaning set forth in the preamble.

  • General Partner has the meaning set forth in the Preamble.

  • General Partners means all such Persons.

  • Operating Company means an “operating company” within the meaning of 29 C.F.R. §2510.3-101(c) of the Plan Asset Regulations.

  • Foreign partnership means an association of two or more persons to carry on as co-owners of a

  • Partnership Subsidiary means Host LP and any partnership, limited liability company, or other entity treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes in which either Host REIT or Host LP owns (or owned on or after January 1, 1999) an interest, either directly or through one or more other partnerships, limited liability companies or other entities treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes (whether or not Host REIT or Host LP has a controlling interest in, or otherwise has the ability to control or direct the operation of, such entity). Notwithstanding the foregoing, the term “Partnership Subsidiary” shall not in any way be deemed to include the Non-Controlled Subsidiaries or subsidiaries thereof, the Taxable REIT Subsidiaries or subsidiaries thereof, or the Subsidiary REITs or subsidiaries thereof.

  • Subchapter S Corporation (as defined in the Internal Revenue Code of 1986, as amended), Borrower may pay cash dividends on its stock to its shareholders from time to time in amounts necessary to enable the shareholders to pay income taxes and make estimated income tax payments to satisfy their liabilities under federal and state law which arise solely from their status as Shareholders of a Subchapter S Corporation because of their ownership of shares of stock of Borrower, or (d) purchase or retire any of Borrower's outstanding shares or alter or amend Borrower's capital structure.

  • Real Estate Investment Trust means any Person that qualifies as a real estate investment trust under Sections 856 through 860 of the Code.

  • Partnership has the meaning set forth in the Preamble.

  • Taxable REIT Subsidiary means a “taxable REIT subsidiary” within the meaning of Section 856(l) of the Code.

  • Operating Companies shall have the meaning specified in the recitals to this Agreement.

  • Estate in Real Property A fee simple estate in a parcel of land.

  • HCP means a Habitat Conservation Plan prepared pursuant to § 10(a)(2)(A) of the ESA (16 U.S.C. § 1539(a)(2)(A)).

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • Other Real Estate means all interests in real estate (other than Bank Premises and Fixtures), including but not limited to mineral rights, leasehold rights, condominium and cooperative interests, air rights and development rights that are owned by the Failed Bank.

  • Hospitality means the considerate care of guests, which may include refreshments, accommodation and entertainment at a restaurant, hotel, club, resort, convention, concert, sporting event or other venue such as Company offices, with or without the personal presence of the host. Provision of travel may also be included, as may other services such as provision of guides, attendants and escorts; use of facilities such as a spa, golf course or ski resort with equipment included;

  • Constituent corporation means any corporation which engages with the Company, its Parent or any Subsidiary in a transaction to which Section 424(a) of the Code applies (or would apply if the option assumed or substituted were an ISO), or any Parent or any Subsidiary of such corporation.

  • Managing General Partner means the managing general partner of the Merging Entity where such Merging Entity is a limited partnership.

  • Sub-Lessee means a lease/license by a Lessee of part or all of leased space to another person.