Exclusion of Certain Transactions. In the event the Corporation or the Operating Partnership shall propose to enter into any transaction with the Sponsor, the Advisor, a Director or any Affiliate thereof, then such transaction shall be approved by a majority of the Board of Directors (including a majority of the Independent Directors) as fair and reasonable to the Corporation.
Appears in 42 contracts
Samples: Advisory Agreement (ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc.), Advisory Agreement (ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc.), Advisory Agreement (ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc.)
Exclusion of Certain Transactions. In the event the Corporation or the Operating Partnership shall propose to enter into any transaction with in which an officer or director of the SponsorCorporation, and the Operating Partnership, the Advisor, a Director or any Affiliate thereofof the Corporation, the Operating Partnership or the Advisor has a direct or indirect interest, then such transaction shall be approved by the Conflicts Committee and a majority of the Board of Directors (including a majority of the Independent Directors) as fair and reasonable to the Corporation.
Appears in 1 contract
Samples: Advisory Agreement (Income Property Trust of the Americas Inc.)
