Compensation During the Transition Period. Except as contemplated by Section 10(c), the Company shall not pay any fee to acquire the Business Manager or to internalize any of the functions provided by the Business Manager. The Company shall continue to compensate the Business Manager on the terms and conditions set forth in this Agreement throughout the Transition Period. In addition, the Company shall reimburse the Business Manager for: (x) costs and expenses the Business Manager has incurred on the Company’s behalf in connection with the Qualifying Internalization; and (y) costs and expenses the Business Manager incurs directly in connection with the Qualifying Internalization.
Appears in 7 contracts
Samples: Business Management Agreement (Inland Residential Properties Trust, Inc.), Business Management Agreement (Inland Residential Properties Trust, Inc.), Business Management Agreement (Inland Residential Properties Trust, Inc.)
