Common use of TRS Election Clause in Contracts

TRS Election. The Company shall make a valid election, with cooperation of Investor as required, to be treated as a taxable REIT subsidiary of Investor on IRS Form 8875. Such election to be effective as of the Closing. If, in the sole discretion of CyrusOne Inc., CyrusOne Inc. determines the election is no longer desired by it, Investor and its Affiliates will cooperate with the Company in jointly revoking such election. [Signature Pages Follow]

Appears in 2 contracts

Sources: Investor Rights Agreement, Investor Rights Agreement (CyrusOne Inc.)

TRS Election. The Company shall make a valid election, with cooperation of Investor as required, to be treated as a taxable REIT subsidiary of Investor on IRS Form 8875. Such election to be effective as of the Closing. If, in the sole discretion of CyrusOne Inc., CyrusOne Inc. determines the election is no longer desired by it, Investor and its Affiliates will cooperate with the Company in jointly revoking such election. [Signature Pages Follow].

Appears in 1 contract

Sources: Investor Rights Agreement (GDS Holdings LTD)