Company Consent. To the extent the approval or consent of the Company is required pursuant to the following provisions of this Agreement, such consent shall require the approval of an independent director of the Board of Directors of the REIT designated by such Board to provide such approvals: (a) approval of the budget and approval of expenditures related to non-budgeted items to the extent required per Section 5; (b) approval of leases for Major Leases (over 5,000 square feet) per Section 6; (c) approval of the leasing of any space to Property Manager per Section 6.5; (d) approval of insurance settlements per Section 8.1.2; and (e) consent to assignment of this Agreement by Property Manager per Section 19.1.1.
Appears in 23 contracts
Samples: Property and Asset Management Agreement (Strategic Realty Trust, Inc.), Property Management Agreement (Strategic Realty Trust, Inc.), Property and Asset Management Agreement (Strategic Realty Trust, Inc.)
