Common use of Approval by Directors Clause in Contracts

Approval by Directors. (i) Notwithstanding the foregoing any real estate investments, including any acquisition of real estate investment by the Company or any investment by the Company in a joint venture, limited partnership or similar entity owning real estate investments, will require the prior approval of the Board of Directors. The Advisor will deliver to the Board of Directors all documents required by it to properly evaluate the proposed investment.

Approval by Directors. (i) Notwithstanding the foregoing foregoing, any real estate investmentsinvestment in Assets, including any acquisition of real estate investment an Asset by the Company or any investment by the Company in a joint venture, limited partnership or similar entity owning real estate investments, will require the prior approval of the Board of Directors. The Advisor will deliver to the Board of Directors all documents required by it to properly evaluate the proposed investment.