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Common use of Entity Classification Clause in Contracts

Entity Classification. (a) ACRC Seller will be either a domestic partnership or a disregarded entity of a domestic corporation, in each case for U.S. federal income tax purposes. (b) Guarantor will continue to qualify as a REIT.

Appears in 5 contracts

Sources: Amendment No. 4 to Third Amended and Restated Master Repurchase and Securities Contract (Ares Commercial Real Estate Corp), Omnibus Amendment to Repurchase Documents (Ares Commercial Real Estate Corp), Master Repurchase and Securities Contract (Ares Commercial Real Estate Corp)

Related Clauses

  • New Classification
  • Tax Classification
  • Job Classification
  • New Classifications
  • Client Classification

Parent Clauses

  • Tax Consequences
  • Administrative Provisions
  • Taxes
  • Tax Matters
  • REPRESENTATIONS AND WARRANTIES OF THE COMPANY

Sub-Clauses

  • Events of default
  • Governing Law
  • Compliance with Anti-Corruption Laws
  • Repayment upon Event of Default
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