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Common use of REIT Qualification Clause in Contracts

REIT Qualification. The Company will use its best efforts to maintain its qualification and election to be taxed as a REIT under the Code for its taxable year ending December 31, 2016 and thereafter and will use its best efforts to continue to qualify for taxation as a REIT under the Code unless the board of directors of the Company determines that it is no longer in the best interests of the Company to qualify as a REIT.

Appears in 3 contracts

Samples: Atm Equity Offering Sales Agreement (Armada Hoffler Properties, Inc.), Atm Equity Offering Sales Agreement (Armada Hoffler Properties, Inc.), Atm Equity Offering Sales Agreement (Armada Hoffler Properties, Inc.)

REIT Qualification. The Company will use its best efforts to maintain its qualification and election to be taxed remain qualified as a REIT under the Code for its taxable year ending December 31, 2016 2017 and thereafter and the Company will use its best efforts to continue to meet the requirements to qualify for taxation as a REIT under the Code unless until the board Board of directors Directors of the Company determines that it is no longer in the best interests of the Company and its stockholders to qualify as a REIT.

Appears in 3 contracts

Samples: Underwriting Agreement (Plymouth Industrial REIT Inc.), Underwriting Agreement (Plymouth Industrial REIT Inc.), Underwriting Agreement (Plymouth Industrial REIT Inc.)

REIT Qualification. The Company will To use its best efforts to maintain its qualification and election to be taxed meet the requirements for taxation as a REIT under the Code for its taxable year ending December 31, 2016 2013 and thereafter thereafter, unless and will use its best efforts to continue to qualify for taxation as a REIT under until the Code unless the Company’s board of directors of the Company determines in good faith that it is no longer in the best interests of the Company and its stockholders to qualify as a REITbe so qualified.

Appears in 2 contracts

Samples: Underwriting Agreement (Independence Realty Trust, Inc), Underwriting Agreement (Independence Realty Trust, Inc)

REIT Qualification. The Company will use its best efforts to maintain its qualification and election to be taxed as a REIT under the Code for its taxable year ending December 31, 2016 2015 and thereafter and will use its best efforts to continue to qualify for taxation as a REIT under the Code unless the board of directors of the Company determines that it is no longer in the best interests of the Company to qualify as a REIT.

Appears in 2 contracts

Samples: Atm Equity Offering Sales Agreement (Armada Hoffler Properties, Inc.), Atm Equity Offering Sales Agreement (Armada Hoffler Properties, Inc.)

REIT Qualification. The Company will use its best efforts to maintain its qualification and election meet the requirements to be taxed continue to qualify as a REIT under the Code REIT, for its taxable year ending December 31, 2016 2014 and thereafter and the Company will use its best efforts to continue to meet the requirements to qualify for taxation as a REIT under the Code unless thereafter until the board Board of directors Directors of the Company determines that it is no longer in the best interests of the Company and its stockholders to qualify as a REIT.

Appears in 2 contracts

Samples: Underwriting Agreement (National Health Investors Inc), Underwriting Agreement (National Health Investors Inc)

REIT Qualification. The Company will use its best efforts to maintain its qualification and election to be taxed as a REIT under the Code for its taxable year ending December 31, 2016 2020 and thereafter and will use its best efforts to continue to qualify for taxation as a REIT under the Code unless the board of directors of the Company determines that it is no longer in the best interests of the Company to qualify as a REIT.

Appears in 2 contracts

Samples: Atm Equity Offering Sales Agreement (Armada Hoffler Properties, Inc.), Underwriting Agreement (Armada Hoffler Properties, Inc.)

REIT Qualification. The Company will use its best efforts to maintain its qualification and election continue to be taxed meet the requirements to qualify as a REIT under the Code for its the taxable year ending December 31, 2016 2021 and thereafter and will use its best efforts to continue to qualify for taxation as a REIT under until the Code unless the board Board of directors Directors of the Company determines that it is no longer in the best interests of the Company and its stockholders to qualify as a REIT.

Appears in 2 contracts

Samples: Underwriting Agreement (Claros Mortgage Trust, Inc.), Underwriting Agreement (Claros Mortgage Trust, Inc.)

REIT Qualification. The Company will use its best efforts to maintain its qualification and election to be taxed as a REIT under the Code for its taxable year ending December 31, 2016 2021 and thereafter and will use its best efforts to continue to qualify for taxation as a REIT under the Code unless the board of directors of the Company determines that it is no longer in the best interests of the Company to qualify as a REIT.

Appears in 2 contracts

Samples: Underwriting Agreement (Lument Finance Trust, Inc.), Underwriting Agreement (Lument Finance Trust, Inc.)

REIT Qualification. The Company will use its best efforts to maintain its meet the requirements for qualification and election to be taxed taxation as a REIT under the Code for its the taxable year ending ended December 31, 2016 and thereafter 2010 and will use its best efforts to continue to qualify for taxation as a REIT under the Code unless the board of directors trustees of the Company determines that it is no longer in the best interests of the Company to qualify as a REIT.

Appears in 2 contracts

Samples: Underwriting Agreement (Whitestone REIT), Underwriting Agreement (Whitestone REIT)

REIT Qualification. The Company will use its best efforts to maintain its meet the requirements for qualification and election to be taxed taxation as a REIT under the Code for its taxable year ending December 31, 2016 and thereafter and will use its best efforts 2011 and, subject to continue to qualify for taxation as any future determination by a REIT under majority of the Code unless independent members of the Company’s board of directors of the Company determines that it is no longer in the Company’s best interests of the Company to qualify as a REIT, thereafter.

Appears in 2 contracts

Samples: Purchase Agreement (Hatteras Financial Corp), Purchase Agreement (Hatteras Financial Corp)

REIT Qualification. The Company will use its best efforts to maintain its qualification and election continue to be taxed as a REIT under meet the Code for its taxable year ending December 31, 2016 and thereafter and will use its best efforts to continue requirements to qualify for taxation as a REIT under the Code for subsequent tax years that include any portion of the term of this Agreement, unless the Company’s board of directors of the Company determines in good faith that it is no longer in the best interests of the Company and its stockholders to so qualify as a REITor to be so qualified.

Appears in 2 contracts

Samples: Sales Agreement (Phillips Edison & Company, Inc.), Sales Agreement (Phillips Edison & Company, Inc.)

REIT Qualification. The Company will use its best reasonable efforts to maintain its meet the requirements for qualification and election to be taxed taxation as a REIT under the Code for its taxable year ending December 31, 2016 2017 and thereafter and will use its best efforts to continue to qualify for taxation as a REIT under the Code future taxable years unless the board Board of directors Directors of the Company determines that it is no longer in the best interests of the Company to continue to qualify as a REIT.

Appears in 2 contracts

Samples: Underwriting Agreement (Sachem Capital Corp.), Underwriting Agreement (Sachem Capital Corp.)

REIT Qualification. The Company will use its best efforts to maintain its qualification and election to be taxed remain qualified as a REIT under the Code for its taxable year ending December 31, 2016 2018 and thereafter and the Company will use its best efforts to continue to meet the requirements to qualify for taxation as a REIT under the Code unless until the board Board of directors Directors of the Company determines that it is no longer in the best interests of the Company and its stockholders to qualify as a REIT.

Appears in 2 contracts

Samples: Underwriting Agreement (Plymouth Industrial REIT Inc.), Underwriting Agreement (Plymouth Industrial REIT Inc.)

REIT Qualification. The Company will use its best efforts to maintain its meet the requirements for qualification and election to be taxed taxation as a REIT under the Code for its the taxable year ending December 31, 2016 and thereafter 2019 and will use its best efforts to continue to qualify for taxation as a REIT under the Code unless and until the board of directors trustees of the Company determines that it is no longer in the best interests of the Company to qualify as a REIT.

Appears in 2 contracts

Samples: Equity Distribution Agreement (Whitestone REIT), Equity Distribution Agreement (Whitestone REIT)

REIT Qualification. The Company will use its best efforts to maintain its qualification and election to be taxed as a REIT under the Code for its taxable year ending December 31, 2016 2015 and thereafter and the Company will use its best efforts to continue to meet the requirements to qualify for taxation as a REIT under the Code unless until the board Board of directors Directors of the Company determines that it is no longer in the best interests of the Company and its stockholders to qualify as a REIT.

Appears in 1 contract

Samples: Underwriting Agreement (Sotherly Hotels Lp)

REIT Qualification. The Company will use its best efforts to maintain its meet the requirements for qualification and election to be taxed taxation as a REIT under the Code for its taxable year ending December 31, 2016 and thereafter and will use its best efforts 2008, subject to continue to qualify for taxation as any future determination by a REIT under majority of the Code unless independent members of the Company’s board of directors of the Company determines that it is no longer in the Company’s best interests of the Company to qualify as a REIT, thereafter.

Appears in 1 contract

Samples: Purchase Agreement (Hatteras Financial Corp)

REIT Qualification. The Company will use its best reasonable efforts to maintain its continue to meet the requirements for qualification and election to be taxed taxation as a REIT under the Code for its taxable year ending December 31, 2016 2021 and thereafter and will use its best efforts to continue to qualify for taxation as a REIT under the Code future taxable years unless the board Board of directors Directors of the Company determines that it is no longer in the best interests of the Company to continue to qualify as a REIT.

Appears in 1 contract

Samples: Underwriting Agreement (Manhattan Bridge Capital, Inc)

REIT Qualification. The Company will use its best efforts to maintain its meet the requirements for qualification and election to be taxed taxation as a REIT under the Code for its taxable year ending December 31, 2016 and thereafter and will use its best efforts 2009 and, subject to continue to qualify for taxation as any future determination by a REIT under majority of the Code unless independent members of the Company’s board of directors of the Company determines that it is no longer in the Company’s best interests of the Company to qualify as a REIT, thereafter.

Appears in 1 contract

Samples: Sales Agreement (Hatteras Financial Corp)

REIT Qualification. The Company will use its best efforts to maintain its qualification and election to be taxed as a REIT under the Code for its taxable year ending December 31, 2016 2018 and thereafter and the Company will use its best efforts to continue to meet the requirements to qualify for taxation as a REIT under the Code unless until the board Board of directors Directors of the Company determines that it is no longer in the best interests of the Company and its stockholders to qualify as a REIT.

Appears in 1 contract

Samples: Underwriting Agreement (Sotherly Hotels Lp)

REIT Qualification. The Company will use its best efforts to maintain its qualification and election to be taxed as a REIT under the Code for its taxable year ending December 31, 2016 and thereafter and the Company will use its best efforts to continue to meet the requirements to qualify for taxation as a REIT under the Code unless until the board Board of directors Directors of the Company determines that it is no longer in the best interests of the Company and its stockholders to qualify as a REIT.

Appears in 1 contract

Samples: Underwriting Agreement (Sotherly Hotels Lp)

REIT Qualification. The Company will use its best efforts to maintain its meet the requirements for qualification and election to be taxed taxation as a REIT under the Code for its the taxable year ending December 31, 2016 and thereafter 2012 and will use its best efforts to continue to qualify for taxation as a REIT under the Code unless the board of directors trustees of the Company determines that it is no longer in the best interests of the Company to qualify as a REIT.

Appears in 1 contract

Samples: Underwriting Agreement (Whitestone REIT)

REIT Qualification. The Company will use its best efforts to maintain its meet the requirements for qualification and election to be taxed taxation as a REIT under the Code for its taxable year ending December 31, 2016 and thereafter and will use its best efforts 2012 and, subject to continue to qualify for taxation as a REIT under any future determination by the Code unless the Company’s board of directors of the Company determines that it is no longer in the Company’s best interests of the Company to qualify as a REIT, thereafter.

Appears in 1 contract

Samples: Equity Distribution Agreement (Armour Residential REIT, Inc.)

REIT Qualification. The Company will use its best efforts to maintain its meet the requirements for qualification and election to be taxed taxation as a REIT under the Code for its the taxable year ending ended December 31, 2016 and thereafter 2011 and will use its best efforts to continue to qualify for taxation as a REIT under the Code unless the board of directors trustees of the Company determines that it is no longer in the best interests of the Company to qualify as a REIT.

Appears in 1 contract

Samples: Underwriting Agreement (Whitestone REIT)

REIT Qualification. The Company will use its best efforts to maintain its qualification and election to be taxed as a REIT under the Code for its taxable year ending December 31, 2016 2021 and thereafter and the Company will use its best efforts to continue to meet the requirements to qualify for taxation as a REIT under the Code unless until the board Board of directors Directors of the Company determines that it is no longer in the best interests of the Company and its stockholders to qualify as a REIT.

Appears in 1 contract

Samples: Underwriting Agreement (Sotherly Hotels Inc.)

REIT Qualification. The Company will use its best efforts to maintain its meet the requirements for qualification and election to be taxed taxation as a REIT under the Code for its the taxable year ending December 31, 2016 and thereafter 2017 and will use its best efforts to continue to qualify for taxation as a REIT under the Code unless the board of directors trustees of the Company determines that it is no longer in the best interests of the Company to qualify as a REIT.

Appears in 1 contract

Samples: Underwriting Agreement (Whitestone REIT)

REIT Qualification. The Company will use its best reasonable efforts to maintain its continue to meet the requirements for qualification and election to be taxed taxation as a REIT under the Code for its taxable year ending December 31, 2016 2018 and thereafter and will use its best efforts to continue to qualify for taxation as a REIT under the Code future taxable years unless the board Board of directors Directors of the Company determines that it is no longer in the best interests of the Company to continue to qualify as a REIT.

Appears in 1 contract

Samples: Underwriting Agreement (Manhattan Bridge Capital, Inc)

REIT Qualification. The Company will use its best efforts to maintain its qualification and election meet the requirements to be taxed continue to qualify for taxation as a REIT under the Code REIT, for its taxable year ending December 31, 2016 2017 and thereafter and the Company will use its best efforts to continue to meet the requirements to qualify for taxation as a REIT under the Code unless thereafter until the board Board of directors Directors of the Company determines that it is no longer in the best interests of the Company and its stockholders to qualify as a REIT.

Appears in 1 contract

Samples: Equity Distribution Agreement (National Health Investors Inc)

REIT Qualification. The Company will use its best efforts to maintain its meet the requirements for qualification and election to be taxed taxation as a REIT under the Code for its taxable year ending December 31, 2016 and thereafter and will use its best efforts 2013 and, subject to continue to qualify for taxation as any future determination by a REIT under majority of the Code unless independent members of the Company’s board of directors of the Company determines that it is no longer in the Company’s best interests of the Company to qualify as a REIT, thereafter.

Appears in 1 contract

Samples: At the Market Issuance Sales Agreement (CapLease, Inc.)

REIT Qualification. The Company will use its best efforts to maintain its qualification and election meet the requirements to be taxed continue to qualify for taxation as a REIT under the Code REIT, for its taxable year ending December 31, 2016 2023 and thereafter and the Company will use its best efforts to continue to meet the requirements to qualify for taxation as a REIT under the Code unless thereafter until the board Board of directors Directors of the Company determines that it is no longer in the best interests of the Company and its stockholders to qualify as a REIT.

Appears in 1 contract

Samples: Equity Distribution Agreement (National Health Investors Inc)

REIT Qualification. The Company will use its best efforts to maintain its qualification and election to be taxed as a REIT under the Code for its taxable year ending December 31, 2016 2017 and thereafter and the Company will use its best efforts to continue to meet the requirements to qualify for taxation as a REIT under the Code unless until the board Board of directors Directors of the Company determines that it is no longer in the best interests of the Company and its stockholders to qualify as a REIT.

Appears in 1 contract

Samples: Underwriting Agreement (Sotherly Hotels Lp)

REIT Qualification. The Company will use its best efforts to maintain its qualification and election meet the requirements to be taxed continue to qualify for taxation as a REIT under the Code REIT, for its taxable year ending December 31, 2016 2015 and thereafter and the Company will use its best efforts to continue to meet the requirements to qualify for taxation as a REIT under the Code unless thereafter until the board Board of directors Directors of the Company determines that it is no longer in the best interests of the Company and its stockholders to qualify as a REIT.

Appears in 1 contract

Samples: Equity Distribution Agreement (National Health Investors Inc)

REIT Qualification. The Company will use its best efforts to maintain its continue to meet the requirements for qualification and election to be taxed taxation as a REIT under the Code for its taxable year ending December 31September 30, 2016 2020, and thereafter and will use its best efforts all future taxable years, subject to continue to qualify for taxation as a REIT under any future good faith determination by the Code unless the Company’s board of directors of the Company determines that it is no longer in the Company’s best interests of the Company to qualify as a REITREIT under the Code.

Appears in 1 contract

Samples: At Market Issuance Sales Agreement (Monmouth Real Estate Investment Corp)

REIT Qualification. The Company will use its best efforts to maintain its qualification qualify and election elect to be taxed as a REIT under the Code for its taxable year ending ended December 31, 2016 2024 and thereafter and will use its best efforts to continue to qualify for taxation as a REIT under the Code unless the board of directors of the Company determines that it is no longer in the best interests of the Company to qualify as a REIT.

Appears in 1 contract

Samples: Underwriting Agreement (Armada Hoffler Properties, Inc.)

REIT Qualification. The Company will use its best efforts to maintain its qualification and election to be taxed as a REIT under the Code for its taxable year ending December 31, 2016 2014 and thereafter and the Company will use its best efforts to continue to meet the requirements to qualify for taxation as a REIT under the Code unless until the board Board of directors Directors of the Company determines that it is no longer in the best interests of the Company and its stockholders to qualify as a REIT.

Appears in 1 contract

Samples: Underwriting Agreement (Sotherly Hotels Lp)

REIT Qualification. The Company will use its best efforts to maintain its meet the requirements for qualification and election to be taxed taxation as a REIT under the Code for its taxable year ending December 31, 2016 and thereafter and will use its best efforts 2008 and, subject to continue to qualify for taxation as any future determination by a REIT under majority of the Code unless independent members of the Company’s board of directors of the Company determines that it is no longer in the Company’s best interests of the Company to qualify as a REIT, thereafter.

Appears in 1 contract

Samples: Purchase Agreement (Hatteras Financial Corp)

REIT Qualification. The Company will use its best efforts to maintain its qualification and election to be taxed as a REIT under the Code for its taxable year ending December 31, 2016 2013 and thereafter and the Company will use its best efforts to continue to meet the requirements to qualify for taxation as a REIT under the Code unless until the board Board of directors Directors of the Company determines that it is no longer in the best interests of the Company and its stockholders to qualify as a REIT.

Appears in 1 contract

Samples: Underwriting Agreement (Sotherly Hotels Lp)

REIT Qualification. The Company will use its best efforts to maintain its meet the requirements for qualification and election to be taxed taxation as a REIT under the Code for its the taxable year ending December 31, 2016 and thereafter 2015 and will use its best efforts to continue to qualify for taxation as a REIT under the Code unless the board of directors trustees of the Company determines that it is no longer in the best interests of the Company to qualify as a REIT.

Appears in 1 contract

Samples: Underwriting Agreement (Whitestone REIT)

REIT Qualification. The Company will use its best efforts to maintain its meet the requirements for qualification and election to be taxed taxation as a REIT under the Internal Revenue Code for its taxable year ending December 31, 2016 and thereafter and will use its best efforts to continue to qualify for taxation as a REIT under the Code 2009 and, unless the board of directors of the Company Board determines that it is no longer in the best interests of the Company or its stockholders to qualify maintain the Company’s qualification as a REIT, thereafter.

Appears in 1 contract

Samples: Underwriting Agreement (Walter Investment Management Corp)

REIT Qualification. The Company will use its best efforts to maintain its continue to meet the requirements for qualification and election to be taxed taxation as a REIT under the Code for its taxable year ending December 31September 30, 2016 2021, and thereafter and will use its best efforts all future taxable years, subject to continue to qualify for taxation as a REIT under any future good faith determination by the Code unless the Company’s board of directors of the Company determines that it is no longer in the Company’s best interests of the Company to qualify as a REITREIT under the Code.

Appears in 1 contract

Samples: At Market Issuance Sales Agreement (Monmouth Real Estate Investment Corp)

REIT Qualification. The Company will use its best efforts to maintain its qualification qualify and election elect to be taxed as a REIT under the Code for its taxable year ending ended December 31, 2016 and thereafter and will use its best efforts to continue to qualify for taxation as a REIT under the Code unless the board of directors of the Company determines that it is no longer in the best interests of the Company to qualify as a REIT.

Appears in 1 contract

Samples: Underwriting Agreement (Armada Hoffler Properties, Inc.)

REIT Qualification. The Company will use its best efforts to maintain its meet the requirements for qualification and election to be taxed taxation as a REIT under the Code for its short taxable year ending December 31, 2016 2015 and thereafter and the Company will use its best efforts to continue to meet the requirements to qualify for taxation as a REIT under the Code unless until the board Board of directors Directors of the Company determines that it is no longer in the best interests of the Company and its stockholders to qualify as a REIT.

Appears in 1 contract

Samples: Underwriting Agreement (Community Healthcare Trust Inc)

REIT Qualification. The Company will use its best efforts to maintain its qualification and election to be taxed as a REIT under the Code for its taxable year ending December 31, 2016 2019 and thereafter and will use its best efforts to continue to qualify for taxation as a REIT under the Code unless the board of directors of the Company determines that it is no longer in the best interests of the Company to qualify as a REIT.

Appears in 1 contract

Samples: Underwriting Agreement (Armada Hoffler Properties, Inc.)

REIT Qualification. The Company will use its best efforts to maintain its meet the requirements for qualification and election to be taxed taxation as a REIT under the Code for its taxable year ending December 31, 2016 and thereafter and will use its best efforts 2006 and, subject to continue to qualify for taxation as any future determination by a REIT under majority of the Code unless independent members of the Company’s board of directors of the Company determines that it is no longer in the Company’s best interests of the Company to qualify as a REIT, thereafter.

Appears in 1 contract

Samples: Purchase Agreement (Alesco Financial Inc)

REIT Qualification. The Company will use its best efforts to maintain its meet the requirements for qualification and election to be taxed taxation as a REIT under the Code for its taxable year ending December 31, 2016 and thereafter and will use its best efforts 2010 and, subject to continue to qualify for taxation as any future determination by a REIT under majority of the Code unless independent members of the Company’s board of directors of the Company determines that it is no longer in the Company’s best interests of the Company to qualify as a REIT, thereafter.

Appears in 1 contract

Samples: Purchase Agreement (Hatteras Financial Corp)

REIT Qualification. The Company will use its best efforts to maintain its meet the requirements for qualification and election to be taxed taxation as a REIT under the Code for its taxable year ending December 31, 2016 and thereafter and will use its best efforts 2008 and, subject to continue to qualify for taxation as a REIT under any future determination by the Code unless the Company’s board of directors of the Company determines that it is no longer in the Company’s best interests of the Company to qualify as a REIT, thereafter.

Appears in 1 contract

Samples: Underwriting Agreement (American Capital Agency Corp)

REIT Qualification. The Company will use its best reasonable efforts to maintain its meet the requirements for qualification and election to be taxed taxation as a REIT under the Code for its taxable year ending December 31, 2016 201_ and thereafter and will use its best efforts to continue to qualify for taxation as a REIT under the Code future taxable years unless the board Board of directors Directors of the Company determines that it is no longer in the best interests of the Company to continue to qualify as a REIT.

Appears in 1 contract

Samples: Underwriting Agreement (Sachem Capital Corp.)

REIT Qualification. The Company will use its best efforts to maintain its meet the requirements for qualification and election to be taxed taxation as a REIT under the Code for its the taxable year ending December 31, 2016 and thereafter 2013 and will use its best efforts to continue to qualify for taxation as a REIT under the Code unless the board of directors trustees of the Company determines that it is no longer in the best interests of the Company to qualify as a REIT.

Appears in 1 contract

Samples: Underwriting Agreement (Whitestone REIT)

REIT Qualification. The Company will use its best efforts to maintain its qualification and election to be taxed as a REIT under the Code for its taxable year ending December 31, 2016 2019 and thereafter and the Company will use its best efforts to continue to meet the requirements to qualify for taxation as a REIT under the Code unless until the board Board of directors Directors of the Company determines that it is no longer in the best interests of the Company and its stockholders to qualify as a REIT.

Appears in 1 contract

Samples: Underwriting Agreement (Sotherly Hotels Lp)

REIT Qualification. The Company will use its best efforts to maintain its qualification and election meet the requirements to be taxed continue to qualify for taxation as a REIT under the Code REIT, for its taxable year ending December 31, 2016 2020 and thereafter and the Company will use its best efforts to continue to meet the requirements to qualify for taxation as a REIT under the Code unless thereafter until the board Board of directors Directors of the Company determines that it is no longer in the best interests of the Company and its stockholders to qualify as a REIT.

Appears in 1 contract

Samples: Equity Distribution Agreement (National Health Investors Inc)

REIT Qualification. The Company will use its best efforts to maintain its qualification and election meet the requirements to be taxed continue to qualify for taxation as a REIT under the Code REIT, for its taxable year ending December 31, 2016 2024 and thereafter and the Company will use its best efforts to continue to meet the requirements to qualify for taxation as a REIT under the Code unless thereafter until the board Board of directors Directors of the Company determines that it is no longer in the best interests of the Company and its stockholders to qualify as a REIT.

Appears in 1 contract

Samples: Underwriting Agreement (National Health Investors Inc)

REIT Qualification. The Company will use its best efforts to maintain its meet the requirements for qualification and election to be taxed taxation as a REIT under the Code for its taxable year ending December 31, 2016 and thereafter and will use its best efforts 2010 and, subject to continue to qualify for taxation as a REIT under any future determination by the Code unless the Company’s board of directors of the Company determines trustees that it is no longer in the Company’s best interests of the Company to qualify as a REIT, thereafter.

Appears in 1 contract

Samples: Sales Agreement (PennyMac Mortgage Investment Trust)

REIT Qualification. The Company will use its best efforts to maintain its qualification qualify and election elect to be taxed as a REIT under the Code for its taxable year ending ended December 31, 2016 2022 and thereafter and will use its best efforts to continue to qualify for taxation as a REIT under the Code unless the board of directors of the Company determines that it is no longer in the best interests of the Company to qualify as a REIT.

Appears in 1 contract

Samples: Underwriting Agreement (Armada Hoffler Properties, Inc.)

REIT Qualification. The Company will use its best efforts to maintain its qualification and election to be taxed as a REIT under the Code for its taxable year ending December 31, 2016 2022 and thereafter and will use its best efforts to continue to qualify for taxation as a REIT under the Code unless the board of directors of the Company determines that it is no longer in the best interests of the Company to qualify as a REIT.

Appears in 1 contract

Samples: Dealer Manager Agreement (Lument Finance Trust, Inc.)