Common use of Advisory Internal Controls Clause in Contracts

Advisory Internal Controls. The Advisor and the Company maintain a system of internal controls sufficient to provide reasonable assurance that (a) transactions effectuated by it under the Advisory Agreement are executed in accordance with its management’s general or specific authorization; and (b) access to the Company’s assets is permitted only in accordance with its management’s general or specific authorization.

Appears in 3 contracts

Samples: Dealer Agreement, Dealer Agreement (CNL Healthcare Properties, Inc.), Dealer Agreement (CNL Growth Properties, Inc.)

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Advisory Internal Controls. The Advisor and the Company Sub-Advisor maintain a system of internal controls sufficient to provide reasonable assurance that (a) transactions effectuated by it under the Advisory Agreement and Sub-Advisory Agreement are executed in accordance with its management’s 's general or specific authorization; and (b) access to the Company’s 's assets is permitted only in accordance with its management’s 's general or specific authorization.

Appears in 2 contracts

Samples: Dealer Agreement (KBS Legacy Partners Apartment REIT, Inc.), Dealer Agreement (KBS Legacy Partners Apartment REIT, Inc.)

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Advisory Internal Controls. The Advisor and the Company Sub-Advisor maintain a system of internal controls sufficient to provide reasonable assurance that (a) transactions effectuated by it under the Advisory Agreement and Sub-Advisory Agreement are executed in accordance with its management’s general or specific authorization; and (b) access to the Company’s assets is permitted only in accordance with its management’s general or specific authorization.

Appears in 1 contract

Samples: Selected Dealer Agreement (KBS Legacy Partners Apartment REIT, Inc.)

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