Common use of Domestically Controlled REIT Clause in Contracts

Domestically Controlled REIT. To the Company’s knowledge and belief, the Company is, and the Company expects that it will be immediately after the Closing and after any conversion of the Preferred Stock, a “domestically controlled qualified investment entity” (within the meaning of Section 897(h)(4) of the Code, and, for the avoidance of doubt, taking into account the ownership of the Common Stock of the Company), provided that in applying Section 897(h)(4)(B) of the Code for purposes of this representation, it shall be assumed that all persons who own stock in the Company as a result of the transactions contemplated by this Agreement and by the Articles Supplementary (including any conversion of the Preferred Shares) are foreign persons.

Appears in 1 contract

Samples: Purchase Agreement (American Realty Capital Properties, Inc.)

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Domestically Controlled REIT. To the Company’s knowledge and belief, the Company is, and the Company expects that it will be immediately after the Closing and after any conversion of the Preferred Stock, a “domestically controlled qualified investment entity” (within the meaning of Section 897(h)(4) of the Code, and, for the avoidance of doubt, taking into account the ownership of the Common Stock of the CompanyStock), provided provided, that in applying Section 897(h)(4)(B) of the Code for purposes of this representation, it shall be assumed that all persons who own stock in the Company as a result of the transactions contemplated by this Agreement and by the Series D Articles Supplementary (including any conversion of the Preferred Shares) are foreign persons.

Appears in 1 contract

Samples: Convertible Preferred Stock Purchase Agreement (American Realty Capital Properties, Inc.)

Domestically Controlled REIT. To the Company’s knowledge and belief, the Company is, and the Company expects that it will be immediately after the Closing and after any conversion of the Series C Preferred Stock, a “domestically controlled qualified investment entity” (within the meaning of Section 897(h)(4) of the Code, and, for the avoidance of doubt, taking into account the ownership of the Common Stock of the Company), provided that in applying Section 897(h)(4)(B) of the Code for purposes of this representation, it shall be assumed that all persons who own stock in the Company as a result of the transactions contemplated by this Agreement and by the Articles Supplementary (including any conversion of the Series C Preferred SharesStock) are foreign persons.

Appears in 1 contract

Samples: Securities Purchase Agreement (American Realty Capital Properties, Inc.)

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Domestically Controlled REIT. To the Company’s knowledge and belief, the Company is, and the Company expects that it will be immediately after the Closing and after any conversion of the Series D Cumulative Convertible Preferred Stock, a “domestically controlled qualified investment entity” (within the meaning of Section 897(h)(4) of the Code, and, for the avoidance of doubt, taking into account the ownership of the Common Stock of the CompanyStock), provided provided, that in applying Section 897(h)(4)(B) of the Code for purposes of this representation, it shall be assumed that all persons who own stock in the Company as a result of the transactions contemplated by this Agreement and by the Articles Supplementary (including any conversion of the Preferred Shares) are foreign persons.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (American Realty Capital Properties, Inc.)

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