Constructive Ownership. The ownership of Interests by a Person, whether the Interests are held directly or indirectly (including by a nominee), including Interests that would be treated as owned through the application of Section 318(a) of the Code, as modified by Section 856(d)(5) of the Code. The terms “Constructive Owner,” “Constructively Owns” and “Constructively Owned” shall have the correlative meanings.
Appears in 2 contracts
Sources: Limited Partnership Agreement (Phillips Edison - ARC Shopping Center REIT Inc.), Limited Partnership Agreement (Phillips Edison - ARC Shopping Center REIT Inc.)
Constructive Ownership. The ownership Ownership of Interests Shares by a Person, whether the Interests are interest in Shares is held directly or indirectly (including by a nominee), including Interests and shall include interests that would be treated as owned through the application of Section 318(a) of the Code, as modified by Section 856(d)(5) of the Code. The terms “Constructive Owner,” “Constructively Owns” and “Constructively Owned” shall have the correlative meanings. Corporation. As provided in Article II herein.
Appears in 1 contract
Sources: Merger Agreement (Cole Credit Property Trust III, Inc.)