Common use of Qualification as a REIT Clause in Contracts

Qualification as a REIT. The Company intends to operate in conformity with the requirements for qualification and taxation as a REIT under the Code until such time as the Company’s board of trustees determines that operating in such manner is not in the best interests of the Company.

Appears in 11 contracts

Samples: Purchase Agreement (PennyMac Mortgage Investment Trust), Purchase Agreement (PennyMac Mortgage Investment Trust), Purchase Agreement (PennyMac Mortgage Investment Trust)

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Qualification as a REIT. The Company intends will use its best efforts to operate in conformity with the requirements for qualification and taxation as a REIT under the Code commencing with its taxable year ending December 31, 2012 unless and until such time as the Company’s board of trustees directors determines in good faith that operating in such manner is not in the best interests of the CompanyCompany and its stockholders.

Appears in 6 contracts

Samples: Underwriting Agreement (Ares Commercial Real Estate Corp), Underwriting Agreement (Ares Commercial Real Estate Corp), Underwriting Agreement (Ares Commercial Real Estate Corp)

Qualification as a REIT. The Company intends to operate in conformity with the requirements for qualification and taxation of the Company as a REIT under the Code until such time as the Company’s board of trustees directors determines that operating in such manner is not in the best interests of the CompanyCompany and its stockholders.

Appears in 2 contracts

Samples: Purchase Agreement (Starwood Property Trust, Inc.), Purchase Agreement (Starwood Property Trust, Inc.)

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Qualification as a REIT. The Company intends will use its best efforts to operate in conformity with the requirements for qualification and taxation as a REIT under the Code commencing with its taxable year ending December 31, 2012 unless and until such time as the Company’s 's board of trustees directors determines in good faith that operating in such manner is not in the best interests of the CompanyCompany and its stockholders.

Appears in 1 contract

Samples: Underwriting Agreement (Ares Commercial Real Estate Corp)

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