Common use of Changes to Advisory Agreement Clause in Contracts

Changes to Advisory Agreement. Except to the extent otherwise permitted pursuant to 7.06(a) above, amend, supplement or otherwise modify in any material respect the Advisory Agreement on terms which are materially less favorable to the Trust than the terms prior to such amendment or supplement (considering all such amendments and supplements taken as a whole) without the prior written consent of the Required Lenders (which consent shall not be unreasonably withheld). Solely for purposes of Section 7.06(a)-(d), the Advisory Agreement shall be considered an agreement with an Affiliate.

Appears in 2 contracts

Samples: Credit and Term Loan Agreement (Black Creek Diversified Property Fund Inc.), Credit Agreement (Dividend Capital Diversified Property Fund Inc.)

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Changes to Advisory Agreement. Except to the extent otherwise permitted pursuant to 7.06(a) above, amend, supplement or otherwise modify in any material respect the Advisory Agreement on terms which are materially less favorable to the Trust than the terms prior to such amendment or supplement (considering all such amendments and supplements taken as a whole) without the prior written consent of the Required Lenders (which consent shall not be unreasonably withheld). Solely for purposes of Section 7.06(a)-(d7.06(a) - (d), the Advisory Agreement shall be considered an agreement with an Affiliate.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Dividend Capital Diversified Property Fund Inc.)

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Changes to Advisory Agreement. Except to the extent otherwise permitted pursuant to 7.06(aSection 6.07(a) above, amend, supplement or otherwise modify in any material respect the Advisory Agreement on terms which are materially less favorable to the Trust than the terms prior to such amendment or supplement (considering all such amendments and supplements taken as a whole) without the prior written consent of the Required Lenders (which consent shall not be unreasonably withheld). Solely for purposes of Section 7.06(a)-(d6.07(a)-(d), the Advisory Agreement shall be considered an agreement with an Affiliate.

Appears in 1 contract

Samples: Credit Agreement (ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc.)

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