TRS Election. Lessee either has made an election to be and operates as a “taxable REIT subsidiary” of American Realty Capital Hospitality Trust, Inc. within the meaning of Section 856(1) of the Code, or is a subsidiary of an entity that has made an election to be and operates as a “taxable REIT subsidiary” of American Realty Capital Hospitality Trust, Inc. within the meaning of Section 856(1) of the Code.
Appears in 4 contracts
Sources: Lease Agreement (American Realty Capital Hospitality Trust, Inc.), Lease Agreement (American Realty Capital Hospitality Trust, Inc.), Lease Agreement (American Realty Capital Hospitality Trust, Inc.)
TRS Election. Lessee either has made an election to be and operates as a “taxable REIT subsidiary” of American Realty Capital Eagle Hospitality Properties Trust, Inc. within the meaning of Section 856(1) of the Code, or is a subsidiary of an entity that has made an election to be and operates as a “taxable REIT subsidiary” of American Realty Capital Eagle Hospitality Properties Trust, Inc. within the meaning of Section 856(1) of the Code.
Appears in 1 contract
Sources: Lease Agreement (Eagle Hospitality Properties Trust, Inc.)