Common use of Approval by Directors Clause in Contracts

Approval by Directors. Notwithstanding the foregoing, any investment in Properties, including any acquisition of a Property by the Company or the Operating Partnership or any investment by the Company or the Operating Partnership in a joint venture, limited partnership or similar entity owning real properties, will require the prior approval of the Board of Directors or a committee of the Board constituting a majority of the Board. The Advisor will deliver to the Board of Directors all documents required by it to properly evaluate the proposed investment.

Appears in 14 contracts

Samples: Advisory Agreement (Griffin Capital Essential Asset REIT, Inc.), Advisory Agreement (Griffin Capital Essential Asset REIT II, Inc.), Advisory Agreement (Griffin Capital Essential Asset REIT II, Inc.)

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Approval by Directors. Notwithstanding the foregoing, any investment in Properties, including any acquisition of a Property by the Company or the Operating Partnership or any investment by the Company or the Operating Partnership in a joint venture, limited partnership or similar entity owning real properties, will require the prior approval of the Board of Directors or a committee of the Board constituting a majority of the Board. The Advisor will deliver to the Board of Directors all documents required by it to properly evaluate the proposed investment.

Appears in 10 contracts

Samples: Advisory Agreement (Strategic Storage Trust, Inc.), Advisory Agreement (Strategic Storage Trust, Inc.), Advisory Agreement (Gc Net Lease Reit, Inc.)

Approval by Directors. Notwithstanding the foregoing, any investment in Properties, including any acquisition of a Property by the Company or the Operating Partnership or any of their subsidiaries or any investment by the Company or the Operating Partnership or any of their subsidiaries in a joint ventureJoint Venture, limited partnership or similar entity owning real properties, will require the prior approval of the Board of Directors or a committee of the Board constituting a majority of the Board. The Advisor will deliver to the Board of Directors all documents reasonably required by it to properly evaluate the proposed investment.

Appears in 6 contracts

Samples: Advisory Agreement, Advisory Agreement (Strategic Student & Senior Housing Trust, Inc.), Advisory Agreement (Strategic Student & Senior Housing Trust, Inc.)

Approval by Directors. Notwithstanding the foregoing, any investment in PropertiesAssets, including any acquisition of a Property an Asset by the Company or the Operating Partnership or any investment by the Company or the Operating Partnership in a joint venture, limited partnership or similar entity owning real properties, will require the prior approval of the Board of Directors or a committee of and the Board constituting a majority of the BoardIndependent Directors. The Advisor will deliver to the Board of Directors all documents required by it to properly evaluate the proposed investment.

Appears in 5 contracts

Samples: Advisory Agreement (Cornerstone Core Properties REIT, Inc.), Advisory Agreement (Cornerstone Core Properties REIT, Inc.), Advisory Agreement (Cornerstone Realty Fund Inc)

Approval by Directors. Notwithstanding the foregoing, any investment in PropertiesReal Estate Assets, including any acquisition of a Property Real Estate Asset by the Company or the Operating Partnership or any investment by the Company or the Operating Partnership in a joint ventureJoint Venture, limited liability company, limited partnership or similar entity owning real properties, will require the prior approval of the Board of Directors or a committee of and the Board constituting a majority of the BoardIndependent Directors. The Advisor will deliver to the Board of Directors all documents required by it to properly evaluate the proposed investment.

Appears in 5 contracts

Samples: Advisory Agreement (Shopoff Properties Trust, Inc.), Advisory Agreement (Shopoff Properties Trust, Inc.), Advisory Agreement (Shopoff Properties Trust, Inc.)

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Approval by Directors. Notwithstanding the foregoing, any investment in Properties, including any acquisition of a Property by the Company or the Operating Partnership or any investment by the Company or the Operating Partnership in a joint venture, limited partnership partnership, or similar entity owning real properties, will require the prior approval of the Board of Directors or a committee of the Board constituting a majority of the Board. The Advisor will deliver to the Board of Directors all documents required by it to properly evaluate the proposed investment.

Appears in 5 contracts

Samples: Advisory Agreement (Strategic Storage Trust IV, Inc.), Advisory Agreement (Strategic Storage Trust IV, Inc.), Advisory Agreement (Strategic Storage Trust IV, Inc.)

Approval by Directors. Notwithstanding the foregoing, any investment in Properties, including any acquisition of a Property by the Company or the Operating Partnership or any of their subsidiaries or any investment by the Company or the Operating Partnership or any of their subsidiaries in a joint ventureJoint Venture, limited partnership partnership, or similar entity owning real properties, will require the prior approval of the Board of Directors or a committee of the Board constituting a majority of the Board. The Advisor will deliver to the Board of Directors all documents reasonably required by it to properly evaluate the proposed investment.

Appears in 2 contracts

Samples: Advisory Agreement (Strategic Storage Trust VI, Inc.), Advisory Agreement (Strategic Storage Trust VI, Inc.)

Approval by Directors. Notwithstanding the foregoing, any investment in Properties, including any acquisition of a Property by the Company or the Operating Partnership or any investment by the Company or the Operating Partnership in a joint ventureJoint Venture, limited partnership or similar entity owning real properties, will require the prior approval of the Board of Directors or a committee of the Board constituting a majority of the Board. The prior approval of a majority of the Independent Directors and a majority of the Board, in each case, not otherwise interested in the transaction will be required for each transaction between the Company and the Advisor or its Affiliates. The Advisor will deliver to the Board of Directors all documents required by it to properly evaluate the proposed investment.

Appears in 1 contract

Samples: Advisory Management Agreement (Adaptive Real Estate Income Trust, Inc.)

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