Common use of Accounting, Regulatory and Other Administrative Services Clause in Contracts

Accounting, Regulatory and Other Administrative Services. The Advisor shall: (i) maintain accounting systems, records and data and any other information requested concerning the activities of the Company and the Operating Partnership as shall be required to prepare and to file all periodic financial reports and returns required to be filed with the Securities and Exchange Commission and any other regulatory agency, including annual financial statements; (ii) provide tax and compliance services and coordinate with appropriate third parties, including independent accountants and other consultants, on related tax matters; (iii) maintain all appropriate books and records of the Company and the Operating Partnership; (iv) provide the officers of the Company and the Board with timely updates related to the overall regulatory environment affecting the Company, as well as managing compliance with such matters, including but not limited to compliance with the Xxxxxxxx-Xxxxx Act of 2002; (v) consult with the officers of the Company and the Board relating to the corporate governance structure and appropriate policies and procedures related thereto; (vi) perform all reporting, record keeping, internal controls and similar matters in a manner to allow the Company to comply with applicable law including the Xxxxxxxx-Xxxxx Act of 2002; (vii) investigate, select, and, on behalf of the Company and the Operating Partnership, engage and conduct business with such Persons as the Advisor deems necessary to the proper performance of its obligations hereunder, including but not limited to consultants, accountants, lenders, technical advisors, attorneys, brokers, underwriters, corporate fiduciaries, escrow agents, depositaries, custodians, agents for collection, insurers, insurance agents, banks, builders, developers, property owners, mortgagers, construction companies and any and all Persons acting in any other capacity deemed by the Advisor necessary or desirable for the performance of any of the foregoing services; (viii) supervise the performance of such ministerial and administrative functions as may be necessary in connection with the daily operations of the Assets; (ix) provide the Company and the Operating Partnership with all necessary cash management services; (x) consult with the officers of the Company and the Board and assist the Board in evaluating and obtaining adequate insurance coverage based upon risk management determinations; (xi) manage and perform the various administrative functions necessary for the management of the day-to-day operations of the Company and the Operating Partnership; (xii) provide or arrange for administrative services and items, legal and other services, office space, office furnishings, personnel and other overhead items necessary and incidental to the Company’s and the Operating Partnership’s business and operations; (xiii) provide financial and operational planning services and portfolio management functions; and (xiv) from time-to-time, or at any time reasonably requested by the Board, make reports to the Board on the Advisor’s performance of services to the Company and the Operating Partnership under this Advisory Agreement.

Accounting, Regulatory and Other Administrative Services. The Advisor shall: (i) maintain accounting systems, records and data and any other information requested concerning the activities of the Company and the Operating Partnership and their subsidiaries as shall be required to prepare and to file all periodic financial reports and returns required to be filed with the Securities and Exchange Commission and any other regulatory agency, including annual financial statements; (ii) provide tax and compliance services and coordinate with appropriate third parties, including independent accountants and other consultants, on related tax matters; (iii) maintain all appropriate books and records of the Company and the Operating PartnershipPartnership and their subsidiaries; (iv) provide the officers of the Company and the Board with timely updates related to the overall regulatory environment affecting the Company, as well as managing compliance with such matters, including but not limited to compliance with the Xxxxxxxx-Xxxxx Act of 2002; (v) consult with the officers of the Company and the Board relating to the corporate governance structure and appropriate policies and procedures related thereto; (vi) perform all reporting, record keeping, internal controls and similar matters in a manner to allow the Company to comply with applicable law including the Xxxxxxxx-Xxxxx Act of 2002law; (vii) investigate, select, and, on behalf of the Company and the Operating PartnershipPartnership and their subsidiaries, engage and conduct business with such Persons as the Advisor deems necessary to the proper performance of its obligations hereunder, including but not limited to consultants, accountants, lenders, technical advisors, attorneys, brokers, underwriters, corporate fiduciaries, escrow agents, depositaries, custodians, agents for collection, insurers, insurance agents, banks, builders, developers, property owners, mortgagers, construction companies and any and all Persons acting in any other capacity deemed by the Advisor necessary or desirable for the performance of any of the foregoing services; (viii) supervise the performance of such ministerial and administrative functions as may be necessary in connection with the daily operations of the Assets; (ix) provide the Company and the Operating Partnership and their subsidiaries with all necessary cash management services; (x) consult with the officers of the Company and the Board and assist the Board in evaluating and obtaining adequate insurance coverage based upon risk management determinations; (xi) manage and perform the various administrative functions necessary for the management of the day-to-day operations of the Company and the Operating PartnershipPartnership and their subsidiaries; (xii) provide or arrange for administrative services and items, legal and other services, office space, office furnishings, personnel and other overhead items necessary and incidental to the Company’s and the Operating Partnership’s and their subsidiaries’ business and operations; (xiii) provide financial and operational planning services and portfolio management functions; and (xiv) from time-to-time, or at any time reasonably requested by the Board, make reports to the Board on the Advisor’s performance of services to the Company and the Operating Partnership under this Advisory Agreement.