Common use of Internalization of the Advisor Clause in Contracts

Internalization of the Advisor. In the event that the Board of Directors determines to internalize any management functions provided by the Advisor or any Affiliates of the Advisor, neither the Company nor the Partnership shall pay a separate internalization fee to the Advisor or any Affiliates of the Advisor solely in connection with an internalization by the Company of management functions from the Advisor. The provisions of this Section 11 are not intended to limit any other compensation or distributions the Company or Partnership may pay the Advisor in accordance with this Agreement or any other agreement, including but not limited to the Agreement of Limited Partnership of Xxxxxxx-American Healthcare REIT IV Holdings, LP.

Appears in 4 contracts

Samples: Advisory Agreement (Griffin-American Healthcare REIT IV, Inc.), Advisory Agreement (Griffin-American Healthcare REIT IV, Inc.), Advisory Agreement (Griffin-American Healthcare REIT IV, Inc.)

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Internalization of the Advisor. In the event that the Board of Directors determines to internalize any management functions provided by the Advisor or any Affiliates of the Advisor, neither the Company nor the Partnership shall pay a separate internalization fee any compensation or other remuneration to the Advisor or any Affiliates of the Advisor solely in connection with an the internalization by the Company of management functions from the Advisortransaction. The provisions of this Section 11 are not intended to limit any other compensation or distributions the Company or Partnership may pay the Advisor in accordance with this Agreement or any other agreement, including but not limited to the Agreement of Limited Partnership of Xxxxxxx-American Healthcare REIT IV III Holdings, LP.

Appears in 2 contracts

Samples: Advisory Agreement (Griffin-American Healthcare REIT III, Inc.), Advisory Agreement (Griffin-American Healthcare REIT III, Inc.)

Internalization of the Advisor. In the event that the Board of Directors determines to internalize any management functions provided by the Advisor or any Affiliates of the Advisor, neither the Company nor the Partnership shall pay a separate internalization fee to the Advisor or any Affiliates of the Advisor solely in connection with an internalization by the Company of management functions from the Advisor. The provisions of this Section 11 are not intended to limit any other compensation or distributions the Company or Partnership may pay the Advisor in accordance with this Agreement or any other agreement, including but not limited to the Agreement of Limited Partnership of Xxxxxxx-American Healthcare REIT IV 4 Holdings, LP.

Appears in 2 contracts

Samples: Advisory Agreement (Griffin-American Healthcare REIT 4, Inc.), Advisory Agreement (Griffin-American Healthcare REIT 4, Inc.)

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Internalization of the Advisor. In the event that the Board of Directors determines to internalize any management functions provided by the Advisor or any Affiliates of the Advisor, neither the Company nor the Partnership shall pay a separate internalization fee to the Advisor or any Affiliates of the Advisor solely in connection with an internalization by the Company of management functions from the Advisor. The provisions of this Section 11 are not intended to limit any other compensation or distributions the Company or Partnership may pay the Advisor in accordance with this Agreement or any other agreement, including but not limited to the Agreement of Limited Partnership of Xxxxxxx-American Healthcare REIT IV III Holdings, LP.

Appears in 1 contract

Samples: Advisory Agreement (Griffin-American Healthcare REIT III, Inc.)

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