Internalization of the Advisor. To the extent that the Board of Directors determines that it is in the best interests of the stockholders of the Company to internalize (acquire from the Advisor) any management functions provided by Advisor, the compensation payable to the Advisor for such specific internalization shall be negotiated and agreed upon by the Independent Directors and the Advisor.
Appears in 5 contracts
Samples: Advisory Agreement (Grubb & Ellis Healthcare REIT II, Inc.), Advisory Agreement (Grubb & Ellis Healthcare REIT II, Inc.), Advisory Agreement (Grubb & Ellis Healthcare REIT II, Inc.)
Internalization of the Advisor. To In the extent event that the Company’s assets and income are, in the view of the Board of Directors determines Directors, including a majority of the Independent Directors, of sufficient size such that it internalizing the management functions by the Advisor and the Property Manager is in the best interests of the stockholders of the Company to internalize (acquire from the Advisor) any management functions provided by AdvisorStockholders, the compensation payable to the Advisor for upon such specific internalization shall be negotiated and agreed upon by the Independent Directors and the Advisor.
Appears in 4 contracts
Samples: Advisory Agreement (REITPlus, Inc.), Advisory Agreement (REITPlus, Inc.), Advisory Agreement (REITPlus, Inc.)
