Common use of Appointment of Asset Manager; Acceptance of Appointment Clause in Contracts

Appointment of Asset Manager; Acceptance of Appointment. The Series hereby appoints the Asset Manager as asset manager to the Series for the purpose of managing the #NHMOP Asset. The Asset Manager hereby accepts such appointment. Authority of the Asset Manager. Except as set forth in Section 2(e) below and any guidance as may be established from time to time by the Managing Member of the Series, the Asset Manager shall have sole authority and complete discretion over the care, custody, maintenance and management of the #NHMOP Asset and to take any action that it deems necessary or desirable in connection therewith. The Asset Manager shall devote such time to its duties under this Agreement as may be deemed reasonably necessary by the Asset Manager in light of the understanding that such duties are expected to be performed only at occasional or irregular intervals. The Asset Manager may delegate all or any of its duties under this Agreement to any Person who shall perform such delegated duties under the supervision of the Asset Manager on such terms as the Asset Manager shall determine. Notwithstanding any other provision of this Agreement to the contrary, the Asset Manager shall not have the authority to: acquire any asset or service for an amount equal to or greater than 1% of the value of the #NHMOP Asset as of such date, individually, or 3% of the value of the #NHMOP Asset as of such date, in the aggregate without the prior consent of the Managing Member of the Series; or sell, transfer, encumber or convey the #NHMOP Asset, provided, however, that the Asset Manager may deliver to the Managing Member of the Company any offers received by the Asset Manager to purchase the #NHMOP Asset and any research or analysis prepared by the Asset Manager regarding the potential sale of the #NHMOP Asset, including market analysis, survey results or information regarding any inquiries received and information regarding potential purchasers.

Appointment of Asset Manager; Acceptance of Appointment. The Series hereby appoints the Asset Manager as asset manager to the Series for the purpose of managing the #NHMOP [Series Name] Asset. The Asset Manager hereby accepts such appointment. Authority of the Asset Manager. Except as set forth in Section 2(e) below and any guidance as may be established from time to time by the Managing Member of the Series, the Asset Manager shall have sole authority and complete discretion over the care, custody, maintenance and management of the #NHMOP [Series Name] Asset and to take any action that it deems necessary or desirable in connection therewith. The Asset Manager shall devote such time to its duties under this Agreement as may be deemed reasonably necessary by the Asset Manager in light of the understanding that such duties are expected to be performed only at occasional or irregular intervals. The Asset Manager may delegate all or any of its duties under this Agreement to any Person who shall perform such delegated duties under the supervision of the Asset Manager on such terms as the Asset Manager shall determine. Notwithstanding any other provision of this Agreement to the contrary, the Asset Manager shall not have the authority to: acquire any asset or service for an amount equal to or greater than 1% of the value of the #NHMOP [Series Name] Asset as of such date, individually, or 3% of the value of the #NHMOP [Series Name] Asset as of such date, in the aggregate without the prior consent of the Managing Member of the Series; or sell, transfer, encumber or convey the #NHMOP [Series Name] Asset, provided, however, that the Asset Manager may deliver to the Managing Member of the Company any offers received by the Asset Manager to purchase the #NHMOP [Series Name] Asset and any research or analysis prepared by the Asset Manager regarding the potential sale of the #NHMOP [Series Name] Asset, including market analysis, survey results or information regarding any inquiries received and information regarding potential purchasers.

Appointment of Asset Manager; Acceptance of Appointment. The Series hereby appoints the Asset Manager as asset manager to the Series for the purpose of managing the #NHMOP ZAUH4 Asset. The Asset Manager hereby accepts such appointment. Authority of the Asset Manager. Except as set forth in Section 2(e) below and any guidance as may be established from time to time by the Managing Member of the Series, the Asset Manager shall have sole authority and complete discretion over the care, custody, maintenance and management of the #NHMOP ZAUH4 Asset and to take any action that it deems necessary or desirable in connection therewith. The Asset Manager shall devote such time to its duties under this Agreement as may be deemed reasonably necessary by the Asset Manager in light of the understanding that such duties are expected to be performed only at occasional or irregular intervals. The Asset Manager may delegate all or any of its duties under this Agreement to any Person who shall perform such delegated duties under the supervision of the Asset Manager on such terms as the Asset Manager shall determine. Notwithstanding any other provision of this Agreement to the contrary, the Asset Manager shall not have the authority to: acquire any asset or service for an amount equal to or greater than 1% of the value of the #NHMOP ZAUH4 Asset as of such date, individually, or 3% of the value of the #NHMOP ZAUH4 Asset as of such date, in the aggregate without the prior consent of the Managing Member of the Series; or sell, transfer, encumber or convey the #NHMOP ZAUH4 Asset, provided, however, that the Asset Manager may deliver to the Managing Member of the Company any offers received by the Asset Manager to purchase the #NHMOP ZAUH4 Asset and any research or analysis prepared by the Asset Manager regarding the potential sale of the #NHMOP ZAUH4 Asset, including market analysis, survey results or information regarding any inquiries received and information regarding potential purchasers.

Appointment of Asset Manager; Acceptance of Appointment. The Series hereby appoints the Asset Manager as asset manager to the Series for the purpose of managing the #NHMOP 5VCTK Asset. The Asset Manager hereby accepts such appointment. Authority of the Asset Manager. Except as set forth in Section 2(e) below and any guidance as may be established from time to time by the Managing Member of the Series, the Asset Manager shall have sole authority and complete discretion over the care, custody, maintenance and management of the #NHMOP 5VCTK Asset and to take any action that it deems necessary or desirable in connection therewith. The Asset Manager shall devote such time to its duties under this Agreement as may be deemed reasonably necessary by the Asset Manager in light of the understanding that such duties are expected to be performed only at occasional or irregular intervals. The Asset Manager may delegate all or any of its duties under this Agreement to any Person who shall perform such delegated duties under the supervision of the Asset Manager on such terms as the Asset Manager shall determine. Notwithstanding any other provision of this Agreement to the contrary, the Asset Manager shall not have the authority to: acquire any asset or service for an amount equal to or greater than 1% of the value of the #NHMOP 5VCTK Asset as of such date, individually, or 3% of the value of the #NHMOP 5VCTK Asset as of such date, in the aggregate without the prior consent of the Managing Member of the Series; or sell, transfer, encumber or convey the #NHMOP 5VCTK Asset, provided, however, that the Asset Manager may deliver to the Managing Member of the Company any offers received by the Asset Manager to purchase the #NHMOP 5VCTK Asset and any research or analysis prepared by the Asset Manager regarding the potential sale of the #NHMOP 5VCTK Asset, including market analysis, survey results or information regarding any inquiries received and information regarding potential purchasers.

Appointment of Asset Manager; Acceptance of Appointment. The Series hereby appoints the Asset Manager as asset manager to the Series for the purpose of managing the #NHMOP ORHOF Asset. The Asset Manager hereby accepts such appointment. Authority of the Asset Manager. Except as set forth in Section 2(e) below and any guidance as may be established from time to time by the Managing Member of the Series, the Asset Manager shall have sole authority and complete discretion over the care, custody, maintenance and management of the #NHMOP ORHOF Asset and to take any action that it deems necessary or desirable in connection therewith. The Asset Manager shall devote such time to its duties under this Agreement as may be deemed reasonably necessary by the Asset Manager in light of the understanding that such duties are expected to be performed only at occasional or irregular intervals. The Asset Manager may delegate all or any of its duties under this Agreement to any Person who shall perform such delegated duties under the supervision of the Asset Manager on such terms as the Asset Manager shall determine. Notwithstanding any other provision of this Agreement to the contrary, the Asset Manager shall not have the authority to: acquire any asset or service for an amount equal to or greater than 1% of the value of the #NHMOP ORHOF Asset as of such date, individually, or 3% of the value of the #NHMOP ORHOF Asset as of such date, in the aggregate without the prior consent of the Managing Member of the Series; or sell, transfer, encumber or convey the #NHMOP ORHOF Asset, provided, however, that the Asset Manager may deliver to the Managing Member of the Company any offers received by the Asset Manager to purchase the #NHMOP ORHOF Asset and any research or analysis prepared by the Asset Manager regarding the potential sale of the #NHMOP ORHOF Asset, including market analysis, survey results or information regarding any inquiries received and information regarding potential purchasers.

Appointment of Asset Manager; Acceptance of Appointment. The Series hereby appoints the Asset Manager as asset manager to the Series for the purpose of managing the #NHMOP DIVTU Asset. The Asset Manager hereby accepts such appointment. Authority of the Asset Manager. Except as set forth in Section 2(e) below and any guidance as may be established from time to time by the Managing Member of the Series, the Asset Manager shall have sole authority and complete discretion over the care, custody, maintenance and management of the #NHMOP DIVTU Asset and to take any action that it deems necessary or desirable in connection therewith. The Asset Manager shall devote such time to its duties under this Agreement as may be deemed reasonably necessary by the Asset Manager in light of the understanding that such duties are expected to be performed only at occasional or irregular intervals. The Asset Manager may delegate all or any of its duties under this Agreement to any Person who shall perform such delegated duties under the supervision of the Asset Manager on such terms as the Asset Manager shall determine. Notwithstanding any other provision of this Agreement to the contrary, the Asset Manager shall not have the authority to: acquire any asset or service for an amount equal to or greater than 1% of the value of the #NHMOP DIVTU Asset as of such date, individually, or 3% of the value of the #NHMOP DIVTU Asset as of such date, in the aggregate without the prior consent of the Managing Member of the Series; or sell, transfer, encumber or convey the #NHMOP DIVTU Asset, provided, however, that the Asset Manager may deliver to the Managing Member of the Company any offers received by the Asset Manager to purchase the #NHMOP DIVTU Asset and any research or analysis prepared by the Asset Manager regarding the potential sale of the #NHMOP DIVTU Asset, including market analysis, survey results or information regarding any inquiries received and information regarding potential purchasers.

Appointment of Asset Manager; Acceptance of Appointment. The Series hereby appoints the Asset Manager as asset manager to the Series for the purpose of managing the #NHMOP ICBTL Asset. The Asset Manager hereby accepts such appointment. Authority of the Asset Manager. Except as set forth in Section 2(e) below and any guidance as may be established from time to time by the Managing Member of the Series, the Asset Manager shall have sole authority and complete discretion over the care, custody, maintenance and management of the #NHMOP ICBTL Asset and to take any action that it deems necessary or desirable in connection therewith. The Asset Manager shall devote such time to its duties under this Agreement as may be deemed reasonably necessary by the Asset Manager in light of the understanding that such duties are expected to be performed only at occasional or irregular intervals. The Asset Manager may delegate all or any of its duties under this Agreement to any Person who shall perform such delegated duties under the supervision of the Asset Manager on such terms as the Asset Manager shall determine. Notwithstanding any other provision of this Agreement to the contrary, the Asset Manager shall not have the authority to: acquire any asset or service for an amount equal to or greater than 1% of the value of the #NHMOP ICBTL Asset as of such date, individually, or 3% of the value of the #NHMOP ICBTL Asset as of such date, in the aggregate without the prior consent of the Managing Member of the Series; or sell, transfer, encumber or convey the #NHMOP ICBTL Asset, provided, however, that the Asset Manager may deliver to the Managing Member of the Company any offers received by the Asset Manager to purchase the #NHMOP ICBTL Asset and any research or analysis prepared by the Asset Manager regarding the potential sale of the #NHMOP ICBTL Asset, including market analysis, survey results or information regarding any inquiries received and information regarding potential purchasers.

Appointment of Asset Manager; Acceptance of Appointment. The Series hereby appoints the Asset Manager as asset manager to the Series for the purpose of managing the #NHMOP XXXXX Asset. The Asset Manager hereby accepts such appointment. Authority of the Asset Manager. Except as set forth in Section 2(e) below and any guidance as may be established from time to time by the Managing Member of the Series, the Asset Manager shall have sole authority and complete discretion over the care, custody, maintenance and management of the #NHMOP XXXXX Asset and to take any action that it deems necessary or desirable in connection therewith. The Asset Manager shall devote such time to its duties under this Agreement as may be deemed reasonably necessary by the Asset Manager in light of the understanding that such duties are expected to be performed only at occasional or irregular intervals. The Asset Manager may delegate all or any of its duties under this Agreement to any Person who shall perform such delegated duties under the supervision of the Asset Manager on such terms as the Asset Manager shall determine. Notwithstanding any other provision of this Agreement to the contrary, the Asset Manager shall not have the authority to: acquire any asset or service for an amount equal to or greater than 1% of the value of the #NHMOP XXXXX Asset as of such date, individually, or 3% of the value of the #NHMOP XXXXX Asset as of such date, in the aggregate without the prior consent of the Managing Member of the Series; or sell, transfer, encumber or convey the #NHMOP XXXXX Asset, provided, however, that the Asset Manager may deliver to the Managing Member of the Company any offers received by the Asset Manager to purchase the #NHMOP XXXXX Asset and any research or analysis prepared by the Asset Manager regarding the potential sale of the #NHMOP XXXXX Asset, including market analysis, survey results or information regarding any inquiries received and information regarding potential purchasers.

Appointment of Asset Manager; Acceptance of Appointment. The Series hereby appoints the Asset Manager as asset manager to the Series for the purpose of managing the #NHMOP EYPIR Asset. The Asset Manager hereby accepts such appointment. Authority of the Asset Manager. Except as set forth in Section 2(e) below and any guidance as may be established from time to time by the Managing Member of the Series, the Asset Manager shall have sole authority and complete discretion over the care, custody, maintenance and management of the #NHMOP EYPIR Asset and to take any action that it deems necessary or desirable in connection therewith. The Asset Manager shall devote such time to its duties under this Agreement as may be deemed reasonably necessary by the Asset Manager in light of the understanding that such duties are expected to be performed only at occasional or irregular intervals. The Asset Manager may delegate all or any of its duties under this Agreement to any Person who shall perform such delegated duties under the supervision of the Asset Manager on such terms as the Asset Manager shall determine. Notwithstanding any other provision of this Agreement to the contrary, the Asset Manager shall not have the authority to: acquire any asset or service for an amount equal to or greater than 1% of the value of the #NHMOP EYPIR Asset as of such date, individually, or 3% of the value of the #NHMOP EYPIR Asset as of such date, in the aggregate without the prior consent of the Managing Member of the Series; or sell, transfer, encumber or convey the #NHMOP EYPIR Asset, provided, however, that the Asset Manager may deliver to the Managing Member of the Company any offers received by the Asset Manager to purchase the #NHMOP EYPIR Asset and any research or analysis prepared by the Asset Manager regarding the potential sale of the #NHMOP EYPIR Asset, including market analysis, survey results or information regarding any inquiries received and information regarding potential purchasers.

Appointment of Asset Manager; Acceptance of Appointment. The Series hereby appoints the Asset Manager as asset manager to the Series for the purpose of managing the #NHMOP RPFUV Asset. The Asset Manager hereby accepts such appointment. Authority of the Asset Manager. Except as set forth in Section 2(e) below and any guidance as may be established from time to time by the Managing Member of the Series, the Asset Manager shall have sole authority and complete discretion over the care, custody, maintenance and management of the #NHMOP RPFUV Asset and to take any action that it deems necessary or desirable in connection therewith. The Asset Manager shall devote such time to its duties under this Agreement as may be deemed reasonably necessary by the Asset Manager in light of the understanding that such duties are expected to be performed only at occasional or irregular intervals. The Asset Manager may delegate all or any of its duties under this Agreement to any Person who shall perform such delegated duties under the supervision of the Asset Manager on such terms as the Asset Manager shall determine. Notwithstanding any other provision of this Agreement to the contrary, the Asset Manager shall not have the authority to: acquire any asset or service for an amount equal to or greater than 1% of the value of the #NHMOP RPFUV Asset as of such date, individually, or 3% of the value of the #NHMOP RPFUV Asset as of such date, in the aggregate without the prior consent of the Managing Member of the Series; or sell, transfer, encumber or convey the #NHMOP RPFUV Asset, provided, however, that the Asset Manager may deliver to the Managing Member of the Company any offers received by the Asset Manager to purchase the #NHMOP RPFUV Asset and any research or analysis prepared by the Asset Manager regarding the potential sale of the #NHMOP RPFUV Asset, including market analysis, survey results or information regarding any inquiries received and information regarding potential purchasers.

Appointment of Asset Manager; Acceptance of Appointment. The Series hereby appoints the Asset Manager as asset manager to the Series for the purpose of managing the #NHMOP HEEMV Asset. The Asset Manager hereby accepts such appointment. Authority of the Asset Manager. Except as set forth in Section 2(e) below and any guidance as may be established from time to time by the Managing Member of the Series, the Asset Manager shall have sole authority and complete discretion over the care, custody, maintenance and management of the #NHMOP HEEMV Asset and to take any action that it deems necessary or desirable in connection therewith. The Asset Manager shall devote such time to its duties under this Agreement as may be deemed reasonably necessary by the Asset Manager in light of the understanding that such duties are expected to be performed only at occasional or irregular intervals. The Asset Manager may delegate all or any of its duties under this Agreement to any Person who shall perform such delegated duties under the supervision of the Asset Manager on such terms as the Asset Manager shall determine. Notwithstanding any other provision of this Agreement to the contrary, the Asset Manager shall not have the authority to: acquire any asset or service for an amount equal to or greater than 1% of the value of the #NHMOP HEEMV Asset as of such date, individually, or 3% of the value of the #NHMOP HEEMV Asset as of such date, in the aggregate without the prior consent of the Managing Member of the Series; or sell, transfer, encumber or convey the #NHMOP HEEMV Asset, provided, however, that the Asset Manager may deliver to the Managing Member of the Company any offers received by the Asset Manager to purchase the #NHMOP HEEMV Asset and any research or analysis prepared by the Asset Manager regarding the potential sale of the #NHMOP HEEMV Asset, including market analysis, survey results or information regarding any inquiries received and information regarding potential purchasers.

Appointment of Asset Manager; Acceptance of Appointment. The Series hereby appoints the Asset Manager as asset manager to the Series for the purpose of managing the #NHMOP 6MWZZ Asset. The Asset Manager hereby accepts such appointment. Authority of the Asset Manager. Except as set forth in Section 2(e) below and any guidance as may be established from time to time by the Managing Member of the Series, the Asset Manager shall have sole authority and complete discretion over the care, custody, maintenance and management of the #NHMOP 6MWZZ Asset and to take any action that it deems necessary or desirable in connection therewith. The Asset Manager shall devote such time to its duties under this Agreement as may be deemed reasonably necessary by the Asset Manager in light of the understanding that such duties are expected to be performed only at occasional or irregular intervals. The Asset Manager may delegate all or any of its duties under this Agreement to any Person who shall perform such delegated duties under the supervision of the Asset Manager on such terms as the Asset Manager shall determine. Notwithstanding any other provision of this Agreement to the contrary, the Asset Manager shall not have the authority to: acquire any asset or service for an amount equal to or greater than 1% of the value of the #NHMOP 6MWZZ Asset as of such date, individually, or 3% of the value of the #NHMOP 6MWZZ Asset as of such date, in the aggregate without the prior consent of the Managing Member of the Series; or sell, transfer, encumber or convey the #NHMOP 6MWZZ Asset, provided, however, that the Asset Manager may deliver to the Managing Member of the Company any offers received by the Asset Manager to purchase the #NHMOP 6MWZZ Asset and any research or analysis prepared by the Asset Manager regarding the potential sale of the #NHMOP 6MWZZ Asset, including market analysis, survey results or information regarding any inquiries received and information regarding potential purchasers.

Appointment of Asset Manager; Acceptance of Appointment. The Series hereby appoints the Asset Manager as asset manager to the Series for the purpose of managing the #NHMOP AssetXXXXX Xxxxx. The Asset Manager hereby accepts such appointment. Authority of the Asset Manager. Except as set forth in Section 2(e) below and any guidance as may be established from time to time by the Managing Member of the Series, the Asset Manager shall have sole authority and complete discretion over the care, custody, maintenance and management of the #NHMOP ESMYO Asset and to take any action that it deems necessary or desirable in connection therewith. The Asset Manager shall devote such time to its duties under this Agreement as may be deemed reasonably necessary by the Asset Manager in light of the understanding that such duties are expected to be performed only at occasional or irregular intervals. The Asset Manager may delegate all or any of its duties under this Agreement to any Person who shall perform such delegated duties under the supervision of the Asset Manager on such terms as the Asset Manager shall determine. Notwithstanding any other provision of this Agreement to the contrary, the Asset Manager shall not have the authority to: acquire any asset or service for an amount equal to or greater than 1% of the value of the #NHMOP ESMYO Asset as of such date, individually, or 3% of the value of the #NHMOP ESMYO Asset as of such date, in the aggregate without the prior consent of the Managing Member of the Series; or sell, transfer, encumber or convey the #NHMOP ESMYO Asset, provided, however, that the Asset Manager may deliver to the Managing Member of the Company any offers received by the Asset Manager to purchase the #NHMOP ESMYO Asset and any research or analysis prepared by the Asset Manager regarding the potential sale of the #NHMOP ESMYO Asset, including market analysis, survey results or information regarding any inquiries received and information regarding potential purchasers.

Appointment of Asset Manager; Acceptance of Appointment. The Series hereby appoints the Asset Manager as asset manager to the Series for the purpose of managing the #NHMOP OJXLW Asset. The Asset Manager hereby accepts such appointment. Authority of the Asset Manager. Except as set forth in Section 2(e) below and any guidance as may be established from time to time by the Managing Member of the Series, the Asset Manager shall have sole authority and complete discretion over the care, custody, maintenance and management of the #NHMOP OJXLW Asset and to take any action that it deems necessary or desirable in connection therewith. The Asset Manager shall devote such time to its duties under this Agreement as may be deemed reasonably necessary by the Asset Manager in light of the understanding that such duties are expected to be performed only at occasional or irregular intervals. The Asset Manager may delegate all or any of its duties under this Agreement to any Person who shall perform such delegated duties under the supervision of the Asset Manager on such terms as the Asset Manager shall determine. Notwithstanding any other provision of this Agreement to the contrary, the Asset Manager shall not have the authority to: acquire any asset or service for an amount equal to or greater than 1% of the value of the #NHMOP OJXLW Asset as of such date, individually, or 3% of the value of the #NHMOP OJXLW Asset as of such date, in the aggregate without the prior consent of the Managing Member of the Series; or sell, transfer, encumber or convey the #NHMOP OJXLW Asset, provided, however, that the Asset Manager may deliver to the Managing Member of the Company any offers received by the Asset Manager to purchase the #NHMOP OJXLW Asset and any research or analysis prepared by the Asset Manager regarding the potential sale of the #NHMOP OJXLW Asset, including market analysis, survey results or information regarding any inquiries received and information regarding potential purchasers.

Appointment of Asset Manager; Acceptance of Appointment. The Series hereby appoints the Asset Manager as asset manager to the Series for the purpose of managing the #NHMOP ET8BV Asset. The Asset Manager hereby accepts such appointment. Authority of the Asset Manager. Except as set forth in Section 2(e) below and any guidance as may be established from time to time by the Managing Member of the Series, the Asset Manager shall have sole authority and complete discretion over the care, custody, maintenance and management of the #NHMOP ET8BV Asset and to take any action that it deems necessary or desirable in connection therewith. The Asset Manager shall devote such time to its duties under this Agreement as may be deemed reasonably necessary by the Asset Manager in light of the understanding that such duties are expected to be performed only at occasional or irregular intervals. The Asset Manager may delegate all or any of its duties under this Agreement to any Person who shall perform such delegated duties under the supervision of the Asset Manager on such terms as the Asset Manager shall determine. Notwithstanding any other provision of this Agreement to the contrary, the Asset Manager shall not have the authority to: acquire any asset or service for an amount equal to or greater than 1% of the value of the #NHMOP ET8BV Asset as of such date, individually, or 3% of the value of the #NHMOP ET8BV Asset as of such date, in the aggregate without the prior consent of the Managing Member of the Series; or sell, transfer, encumber or convey the #NHMOP ET8BV Asset, provided, however, that the Asset Manager may deliver to the Managing Member of the Company any offers received by the Asset Manager to purchase the #NHMOP ET8BV Asset and any research or analysis prepared by the Asset Manager regarding the potential sale of the #NHMOP ET8BV Asset, including market analysis, survey results or information regarding any inquiries received and information regarding potential purchasers.

Appointment of Asset Manager; Acceptance of Appointment. The Series hereby appoints the Asset Manager as asset manager to the Series for the purpose of managing the #NHMOP TPVS2 Asset. The Asset Manager hereby accepts such appointment. Authority of the Asset Manager. Except as set forth in Section 2(e) below and any guidance as may be established from time to time by the Managing Member of the Series, the Asset Manager shall have sole authority and complete discretion over the care, custody, maintenance and management of the #NHMOP TPVS2 Asset and to take any action that it deems necessary or desirable in connection therewith. The Asset Manager shall devote such time to its duties under this Agreement as may be deemed reasonably necessary by the Asset Manager in light of the understanding that such duties are expected to be performed only at occasional or irregular intervals. The Asset Manager may delegate all or any of its duties under this Agreement to any Person who shall perform such delegated duties under the supervision of the Asset Manager on such terms as the Asset Manager shall determine. Notwithstanding any other provision of this Agreement to the contrary, the Asset Manager shall not have the authority to: acquire any asset or service for an amount equal to or greater than 1% of the value of the #NHMOP TPVS2 Asset as of such date, individually, or 3% of the value of the #NHMOP TPVS2 Asset as of such date, in the aggregate without the prior consent of the Managing Member of the Series; or sell, transfer, encumber or convey the #NHMOP TPVS2 Asset, provided, however, that the Asset Manager may deliver to the Managing Member of the Company any offers received by the Asset Manager to purchase the #NHMOP TPVS2 Asset and any research or analysis prepared by the Asset Manager regarding the potential sale of the #NHMOP TPVS2 Asset, including market analysis, survey results or information regarding any inquiries received and information regarding potential purchasers.

Appointment of Asset Manager; Acceptance of Appointment. The Series hereby appoints the Asset Manager as asset manager to the Series for the purpose of managing the #NHMOP AssetXXXXX Xxxxx. The Asset Manager hereby accepts such appointment. Authority of the Asset Manager. Except as set forth in Section 2(e) below and any guidance as may be established from time to time by the Managing Member of the Series, the Asset Manager shall have sole authority and complete discretion over the care, custody, maintenance and management of the #NHMOP DJGLA Asset and to take any action that it deems necessary or desirable in connection therewith. The Asset Manager shall devote such time to its duties under this Agreement as may be deemed reasonably necessary by the Asset Manager in light of the understanding that such duties are expected to be performed only at occasional or irregular intervals. The Asset Manager may delegate all or any of its duties under this Agreement to any Person who shall perform such delegated duties under the supervision of the Asset Manager on such terms as the Asset Manager shall determine. Notwithstanding any other provision of this Agreement to the contrary, the Asset Manager shall not have the authority to: acquire any asset or service for an amount equal to or greater than 1% of the value of the #NHMOP DJGLA Asset as of such date, individually, or 3% of the value of the #NHMOP DJGLA Asset as of such date, in the aggregate without the prior consent of the Managing Member of the Series; or sell, transfer, encumber or convey the #NHMOP DJGLA Asset, provided, however, that the Asset Manager may deliver to the Managing Member of the Company any offers received by the Asset Manager to purchase the #NHMOP DJGLA Asset and any research or analysis prepared by the Asset Manager regarding the potential sale of the #NHMOP DJGLA Asset, including market analysis, survey results or information regarding any inquiries received and information regarding potential purchasers.