Common use of Blue Sky and Other Qualifications Clause in Contracts

Blue Sky and Other Qualifications. The Manager, on behalf of the Trust, will use its commercially reasonable efforts, in cooperation with the Agents, to qualify the Placement Units for offering and sale, or to obtain an exemption for the Placement Units to be offered and sold, under the applicable securities laws of such states and other jurisdictions (domestic or foreign) as the Agents may designate and to maintain such qualifications and exemptions in effect for so long as required for the distribution of the Placement Units (but in no event for less than one year from the date of this Agreement); provided, however, that the Trust shall not be obligated to file a prospectus, registration statement or similar disclosure document with any regulatory authority or any general consent to service of process or to qualify as a foreign corporation or as a dealer in securities in any jurisdiction in which it is not so qualified or to subject itself to taxation in respect of doing business in any jurisdiction in which it is not otherwise so subject. In each jurisdiction in which the Placement Units have been so qualified or exempt, the Trust will file such statements and reports as may be required by the laws of such jurisdiction to continue such qualification or exemption, as the case may be, in effect for so long as required for the distribution of the Placement Units (but in no event for less than one year from the date of this Agreement).

Blue Sky and Other Qualifications. The Manager, on behalf of the Trust, will use its commercially reasonable efforts, in cooperation with the AgentsAgent, to qualify the Placement Units for offering and sale, or to obtain an exemption for the Placement Units to be offered and sold, under the applicable securities laws of such states and other jurisdictions (domestic or foreign) as the Agents Agent may designate and to maintain such qualifications and exemptions in effect for so long as required for the distribution of the Placement Units (but in no event for less than one year from the date of this Agreement); provided, however, that the Trust shall not be obligated to file a prospectus, registration statement or similar disclosure document with any regulatory authority or any general consent to service of process or to qualify as a foreign corporation or as a dealer in securities in any jurisdiction in which it is not so qualified or to subject itself to taxation in respect of doing business in any jurisdiction in which it is not otherwise so subject. In each jurisdiction in which the Placement Units have been so qualified or exempt, the Trust will file such statements and reports as may be required by the laws of such jurisdiction to continue such qualification or exemption, as the case may be, in effect for so long as required for the distribution of the Placement Units (but in no event for less than one year from the date of this Agreement).

Blue Sky and Other Qualifications. The Manager, on behalf of the Trust, Company will use its commercially reasonable efforts, in cooperation with the Agents[Agent], to qualify the Placement Units Shares or Purchased Securities for offering and sale, or to obtain an exemption for the Placement Units Shares to be offered and sold, under the applicable securities laws of such states and other jurisdictions (domestic or foreign) as the Agents [Agent] may designate and to maintain such qualifications and exemptions in effect for so long as required for the distribution of the Placement Units Shares (but in no event for less than one year from the date of this Agreement); provided, however, that the Trust Company shall not be obligated to file a prospectus, registration statement or similar disclosure document with any regulatory authority or any general consent to service of process or to qualify as a foreign corporation or as a dealer in securities in any jurisdiction in which it is not so qualified or to subject itself to taxation in respect of doing business in any jurisdiction in which it is not otherwise so subject. In each jurisdiction in which the Placement Units Shares or Purchased Securities have been so qualified or exempt, the Trust Company will file such statements and reports as may be required by the laws of such jurisdiction to continue such qualification or exemption, as the case may be, in effect for so long as required for the distribution of the such Placement Units Shares or Purchased Securities (but in no event for less than one year from the date of this Agreement).