Common use of Advisor’s Duties Clause in Contracts

Advisor’s Duties. The Advisor shall promptly upon termination of this Agreement: (i) pay over to the Company and the Operating Partnership all money collected and held for the account of the Company and the Operating Partnership pursuant to this Agreement, after deducting any accrued compensation and reimbursement for its expenses to which it is then entitled; (ii) deliver to the Board a full accounting, including a statement showing all payments collected by it and a statement of all money held by it, covering the period following the date of the last accounting furnished to the Board; (iii) deliver to the Board all assets, including all Investments, and documents of the Company and the Operating Partnership then in the custody of the Advisor; and (iv) cooperate with the Company and the Operating Partnership to provide an orderly management transition.

Appears in 68 contracts

Samples: Merger Agreement, Advisory Agreement (American Realty Capital New York City REIT, Inc.), Advisory Agreement (Benefit Street Partners Realty Trust, Inc.)

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Advisor’s Duties. The Advisor shall promptly upon termination of this Agreement: (i) pay over to the Company and the Operating Partnership all money collected and held for the account of the Company and the Operating Partnership pursuant to this Agreement, after deducting any accrued compensation and reimbursement for its expenses to which it is then entitled; (ii) deliver to the Board a full accounting, including a statement showing all payments collected by it and a statement of all money held by it, covering the period following the date of the last accounting furnished to the Board; (iii) deliver to the Board all assets, including all Investments, and documents of the Company and the Operating Partnership then in the custody of the Advisor; and (iv) cooperate with the Company and the Operating Partnership to provide an orderly management transition.

Appears in 8 contracts

Samples: Advisory Agreement (American Realty Capital - Retail Centers of America, Inc.), Advisory Agreement (American Realty Capital - Retail Centers of America, Inc.), Advisory Agreement (American Realty Capital - Retail Centers of America, Inc.)

Advisor’s Duties. The Advisor shall promptly upon termination of this Agreement: (i) pay over to the Company and the Operating Partnership all money collected and held for the account of the Company and the Operating Partnership pursuant to this Agreement, after deducting any accrued compensation and reimbursement for its expenses to which it is then entitled; (ii) deliver to the Board a full accounting, including a statement showing all payments collected by it and a statement of all money held by it, covering the period following the date of the last accounting furnished to the Board; (iii) deliver to the Board all assets, including all Investments, and documents of the Company and the Operating Partnership then in the custody of the Advisor; and (iv) reasonably cooperate with the Company and the Operating Partnership Partnership, at the Company’s expense, to provide an orderly management transition.

Appears in 6 contracts

Samples: Advisory Agreement (Nexpoint Real Estate Strategies Fund), Advisory Agreement (Nexpoint Real Estate Strategies Fund), Advisory Agreement (NexPoint Residential Trust, Inc.)

Advisor’s Duties. The Advisor shall promptly upon termination of this Agreement: (i) pay over to the Company and the Operating Partnership all money collected and held for the account of the Company and the Operating Partnership pursuant to this Agreement, after deducting any accrued compensation and reimbursement for its expenses to which it is then entitled; (ii) deliver to the Board a full accounting, including a statement showing all payments collected by it and a statement of all money held by it, covering the period following the date of the last accounting furnished to the Board; (iii) deliver to the Board all assets, including all InvestmentsAssets, and documents of the Company and the Operating Partnership then in the custody of the Advisor; and (iv) cooperate with the Company and the Operating Partnership to provide Board in making an orderly management transitiontransition of the advisory function.

Appears in 5 contracts

Samples: Advisory Agreement (New York REIT, Inc.), Advisory Agreement (New York REIT, Inc.), Advisory Agreement (American Realty Capital New York Recovery Reit Inc)

Advisor’s Duties. The Advisor shall promptly upon termination of this Agreement: (i) i. pay over to the Company and the Operating Partnership all money collected and held for the account of the Company and the Operating Partnership pursuant to this Agreement, after deducting any accrued compensation and reimbursement for its expenses to which it is then entitled; (ii) . deliver to the Board a full accounting, including a statement showing all payments collected by it and a statement of all money held by it, covering the period following the date of the last accounting furnished to the Board; (iii) . deliver to the Board all assets, including all Investments, and documents of the Company and the Operating Partnership then in the custody of the Advisor; and (iv) . cooperate with the Company and the Operating Partnership to provide an orderly management transition.

Appears in 3 contracts

Samples: Advisory Agreement (ARC Realty Finance Trust, Inc.), Advisory Agreement (ARC Realty Finance Trust, Inc.), Advisory Agreement (ARC Realty Finance Trust, Inc.)

Advisor’s Duties. The Advisor shall promptly upon termination of this Agreement: (i) pay over to the Company and the Operating Partnership all money collected and held for the account of the Company and the Operating Partnership pursuant to this Agreement, after deducting any accrued compensation and reimbursement for its expenses to which it is then entitled; (ii) deliver to the Board a full accounting, including a statement showing all payments collected by it and a statement of all money held by it, covering the period following the date of the last accounting furnished to the Board; (iii) deliver to the Board all assets, including all Investments, and documents of the Company and the Operating Partnership then in the custody of the Advisor; and (iv) cooperate with the Company and the Operating Partnership and take all reasonable steps requested to provide an orderly management transition.

Appears in 3 contracts

Samples: Advisory Agreement (United Realty Trust Inc), Advisory Agreement (United Realty Trust Inc), Advisory Agreement (United Realty Trust Inc)

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Advisor’s Duties. The Advisor shall promptly upon termination of this Agreement: (i) pay over to the Company and the Operating Partnership all money collected and held for the account of the Company and the Operating Partnership pursuant to this Agreement, after deducting any accrued compensation and reimbursement for its expenses to which it is then entitled; (ii) deliver to the Board a full accounting, including a statement showing all payments collected by it and a statement of all money held by it, covering the period following the date of the last accounting furnished to the Board; (iii) deliver to the Board all assets, including all Investments, and documents of the Company and the Operating Partnership then in the custody of the Advisor; and (iv) cooperate with the Company Company, the Board and the Operating Partnership and take all reasonable steps requested to provide an orderly management transitiontransition of the advisory function.

Appears in 3 contracts

Samples: Advisory Agreement (Lightstone Value Plus Real Estate Investment Trust III, Inc.), Advisory Agreement (Lightstone Real Estate Income Trust Inc.), Advisory Agreement (Lightstone Value Plus Real Estate Investment Trust III, Inc.)

Advisor’s Duties. The Advisor shall promptly upon termination of this Agreement: (i) pay over to the Company and the Operating Partnership all money collected and held for the account of the Company and the Operating Partnership pursuant to this Agreement, after deducting any accrued compensation and reimbursement for its expenses to which it is then entitled; (ii) deliver to the Board a full accounting, including a statement showing all payments collected by it and a statement of all money held by it, covering the period following the date of the last accounting furnished to the Board; (iii) deliver to the Board all assets, including all Investments, and documents of the Company and the Operating Partnership then in the custody of the Advisor; and (iv) cooperate with the Company and the Operating Partnership and take all reasonable steps requested to provide an orderly management transitiontransition of the advisory function.

Appears in 1 contract

Samples: Advisory Agreement (United Realty Trust Inc)

Advisor’s Duties. The Advisor shall promptly upon termination of this Agreement: (i) pay over to the Company and the Operating Partnership all money collected and held for the account of the Company and the Operating Partnership pursuant to this Agreement, after deducting any accrued compensation and reimbursement for its expenses to which it is then entitled;; EAST\145845657.2 (ii) deliver to the Board a full accounting, including a statement showing all payments collected by it and a statement of all money held by it, covering the period following the date of the last accounting furnished to the Board; (iii) deliver to the Board all assets, including all Investments, and documents of the Company and the Operating Partnership then in the custody of the Advisor; and (iv) cooperate with the Company and the Operating Partnership to provide an orderly management transition.

Appears in 1 contract

Samples: Advisory Agreement (Phillips Edison Grocery Center Reit Ii, Inc.)

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