Common use of Key Persons Clause in Contracts

Key Persons. (a) As of the Effective Date, [·] shall be the only Key Person[s]. At any time, and from time to time, during the Term, the Manager Parties may request, by written notice to the REIT’s board of trustees, that (i) one or more Key Persons be replaced by one or more other individuals specified in such notice, or (ii) additional individuals specified in such notice be appointed as Key Persons in addition to the then-existing Key Persons. If the individual or individuals specified in any such request is or are approved by the REIT’s board of trustees, the Operating Partnership shall so notify the Manager Parties in writing, which notice shall request that the applicable individual, or individuals so approved execute and deliver to the Operating Partnership a joinder to this Agreement in substantially the form of Exhibit C hereto (a “Key Person Joinder”). Following the execution of a Key Person Joinder, the Operating Partnership shall amend Exhibit A to the Operating Partnership’s LPA to reflect the resulting ownership of the Class B OP Units. Upon the approval by the REIT’s board of trustees of any one or more individuals as a Key Person and fulfillment of each of the requirements set forth in clauses (i) and (ii) above, each of the then-existing Key Person or Key Persons, as the case may be, and each individual having been approved by the REIT’s board of trustees as a Key Person in accordance with this Section 2.4, shall thereafter be deemed to be “Key Persons” hereunder.

Key Persons. (a) As of the Effective Date, [·] Xxxx X. Xxxxx and Xxxxxx Xxxxxx Xxxxx shall be the only Key Person[s]Persons. At any time, and from time to time, during the Term, the Manager Parties may request, by written notice to the REIT’s 's board of trustees, that (i) one or more Key Persons be replaced by one or more other individuals specified in such notice, or (ii) additional individuals specified in such notice be appointed as Key Persons in addition to the then-existing Key Persons. If the individual or individuals specified in any such request is or are approved by the REIT’s 's board of trustees, the Operating Partnership shall so notify the Manager Parties in writing, which notice shall request that the applicable individual, or individuals so approved execute and deliver to the Operating Partnership a joinder to this Agreement in substantially the form of Exhibit C hereto (a “"Key Person Joinder”"). Following the execution of a Key Person Joinder, the Operating Partnership shall amend Exhibit A to the Operating Partnership’s 's LPA to reflect the resulting ownership of the Class B OP Units. Upon the approval by the REIT’s 's board of trustees of any one or more individuals as a Key Person and fulfillment of each of the requirements set forth in clauses (i) and (ii) above, each of the then-existing Key Person or Key Persons, as the case may be, and each individual having been approved by the REIT’s 's board of trustees as a Key Person in accordance with this Section 2.4, shall thereafter be deemed to be “"Key Persons” " hereunder.

Key Persons. (a) As of the Effective Date, [·] Xxxxx Xxxxxx, Xxxxxx Hlibichuck and Xxxxx Xxxxxxxxx shall be the only Key Person[s]Persons. At any time, and from time to time, during the Term, the Manager Parties may request, by written notice to the REIT’s 's board of trustees, that (i) one or more Key Persons be replaced by one or more other individuals specified in such notice, or (ii) additional individuals specified in such notice be appointed as Key Persons in addition to the then-existing Key Persons. If the individual or individuals specified in any such request is or are approved by the REIT’s 's board of trustees, the Operating Partnership shall so notify the Manager Parties in writing, which notice shall request that the applicable individual, or individuals so approved execute and deliver to the Operating Partnership a joinder to this Agreement in substantially the form of Exhibit C hereto (a “"Key Person Joinder”"). Following the execution of a Key Person Joinder, the Operating Partnership shall amend Exhibit A to the Operating Partnership’s 's LPA to reflect the resulting ownership of the Class B OP Units. Upon the approval by the REIT’s 's board of trustees of any one or more individuals as a Key Person and fulfillment of each of the requirements set forth in clauses (i) and (ii) above, each of the then-existing Key Person or Key Persons, as the case may be, and each individual having been approved by the REIT’s 's board of trustees as a Key Person in accordance with this Section 2.4, shall thereafter be deemed to be “"Key Persons” " hereunder.

Key Persons. (a) As of the Effective Date, [·] Xxxxxxx X. Xxxxxx, Xxxx Xxxxxxx and Xxxxxx Xxxxxx shall be the only Key Person[s]Persons. At any time, and from time to time, during the Term, the Manager Parties may request, by written notice to the REIT’s 's board of trustees, that (i) one or more Key Persons be replaced by one or more other individuals specified in such notice, or (ii) additional individuals specified in such notice be appointed as Key Persons in addition to the then-existing Key Persons. If the individual or individuals specified in any such request is or are approved by the REIT’s 's board of trustees, the Operating Partnership shall so notify the Manager Parties in writing, which notice shall request that the applicable individual, or individuals so approved execute and deliver to the Operating Partnership a joinder to this Agreement in substantially the form of Exhibit C hereto (a “"Key Person Joinder”"). Following the execution of a Key Person Joinder, the Operating Partnership shall amend Exhibit A to the Operating Partnership’s 's LPA to reflect the resulting ownership of the Class B OP Units. Upon the approval by the REIT’s 's board of trustees of any one or more individuals as a Key Person and fulfillment of each of the requirements set forth in clauses (i) and (ii) above, each of the then-existing Key Person or Key Persons, as the case may be, and each individual having been approved by the REIT’s 's board of trustees as a Key Person in accordance with this Section 2.4, shall thereafter be deemed to be “"Key Persons” " hereunder.

Key Persons. (a) As of the Effective Date, [·] Xxxx Xxxxx and Xxxxx Xxxx shall be the only Key Person[s]Persons. At any time, and from time to time, during the Term, the Manager Parties may request, by written notice to the REIT’s 's board of trustees, that (i) one or more Key Persons be replaced by one or more other individuals specified in such notice, or (ii) additional individuals specified in such notice be appointed as Key Persons in addition to the then-existing Key Persons. If the individual or individuals specified in any such request is or are approved by the REIT’s 's board of trustees, the Operating Partnership shall so notify the Manager Parties in writing, which notice shall request that the applicable individual, or individuals so approved execute and deliver to the Operating Partnership a joinder to this Agreement in substantially the form of Exhibit C hereto (a “"Key Person Joinder”"). Following the execution of a Key Person Joinder, the Operating Partnership shall amend Exhibit A to the Operating Partnership’s 's LPA to reflect the resulting ownership of the Class B OP Units. Upon the approval by the REIT’s 's board of trustees of any one or more individuals as a Key Person and fulfillment of each of the requirements set forth in clauses (i) and (ii) above, each of the then-existing Key Person or Key Persons, as the case may be, and each individual having been approved by the REIT’s 's board of trustees as a Key Person in accordance with this Section 2.4, shall thereafter be deemed to be “"Key Persons” " hereunder.

Key Persons. (a) As of the Effective Date, [·] Xxxxxx Xxxxx shall be the only Key Person[s]Person. At any time, and from time to time, during the Term, the Manager Parties may request, by written notice to the REIT’s 's board of trustees, that (i) one or more Key Persons be replaced by one or more other individuals specified in such notice, or (ii) additional individuals specified in such notice be appointed as Key Persons in addition to the then-existing Key Persons. If the individual or individuals specified in any such request is or are approved by the REIT’s 's board of trustees, the Operating Partnership shall so notify the Manager Parties in writing, which notice shall request that the applicable individual, or individuals so approved execute and deliver to the Operating Partnership a joinder to this Agreement in substantially the form of Exhibit C hereto (a “"Key Person Joinder”"). Following the execution of a Key Person Joinder, the Operating Partnership shall amend Exhibit A to the Operating Partnership’s 's LPA to reflect the resulting ownership of the Class B OP Units. Upon the approval by the REIT’s 's board of trustees of any one or more individuals as a Key Person and fulfillment of each of the requirements set forth in clauses (i) and (ii) above, each of the then-existing Key Person or Key Persons, as the case may be, and each individual having been approved by the REIT’s 's board of trustees as a Key Person in accordance with this Section 2.4, shall thereafter be deemed to be “"Key Persons” " hereunder.

Key Persons. (a) As of the Effective Date, [·] Xxxxxx Xxxxxx Xxxxxx III shall be the only Key Person[s]Person. At any time, and from time to time, during the Term, the Manager Parties may request, by written notice to the REIT’s 's board of trustees, that (i) one or more Key Persons be replaced by one or more other individuals specified in such notice, or (ii) additional individuals specified in such notice be appointed as Key Persons in addition to the then-existing Key Persons. If the individual or individuals specified in any such request is or are approved by the REIT’s 's board of trustees, the Operating Partnership shall so notify the Manager Parties in writing, which notice shall request that the applicable individual, or individuals so approved execute and deliver to the Operating Partnership a joinder to this Agreement in substantially the form of Exhibit C hereto (a “"Key Person Joinder”"). Following the execution of a Key Person Joinder, the Operating Partnership shall amend Exhibit A to the Operating Partnership’s 's LPA to reflect the resulting ownership of the Class B OP Units. Upon the approval by the REIT’s 's board of trustees of any one or more individuals as a Key Person and fulfillment of each of the requirements set forth in clauses (i) and (ii) above, each of the then-existing Key Person or Key Persons, as the case may be, and each individual having been approved by the REIT’s 's board of trustees as a Key Person in accordance with this Section 2.4, shall thereafter be deemed to be “"Key Persons” " hereunder.

Key Persons. (a) As of the Effective Date, [·] Xxxxxxx X. Xxxxxxxx, Xx. and Xxx XxXxx shall be the only Key Person[s]Persons. At any time, and from time to time, during the Term, the Manager Parties may request, by written notice to the REIT’s 's board of trustees, that (i) one or more Key Persons be replaced by one or more other individuals specified in such notice, or (ii) additional individuals specified in such notice be appointed as Key Persons in addition to the then-existing Key Persons. If the individual or individuals specified in any such request is or are approved by the REIT’s 's board of trustees, the Operating Partnership shall so notify the Manager Parties in writing, which notice shall request that the applicable individual, or individuals so approved execute and deliver to the Operating Partnership a joinder to this Agreement in substantially the form of Exhibit C hereto (a “"Key Person Joinder”"). Following the execution of a Key Person Joinder, the Operating Partnership shall amend Exhibit A to the Operating Partnership’s 's LPA to reflect the resulting ownership of the Class B OP Units. Upon the approval by the REIT’s 's board of trustees of any one or more individuals as a Key Person and fulfillment of each of the requirements set forth in clauses (i) and (ii) above, each of the then-existing Key Person or Key Persons, as the case may be, and each individual having been approved by the REIT’s 's board of trustees as a Key Person in accordance with this Section 2.4, shall thereafter be deemed to be “"Key Persons” " hereunder.

Key Persons. (a) As of the Effective Date, [·] Xxxxx Xxxxxx, Xxxxxx Hlibichuck and Xxxxx Xxxxxxxxx shall be the only Key Person[s]Persons. At any time, and from time to time, during the Term, the Manager Parties may request, by written notice to the REIT’s 's board of trustees, that (i) one or more Key Persons be replaced by one or more other individuals specified in such notice, or (ii) additional individuals specified in such notice be appointed as Key Persons in addition to the then-existing Key Persons. If the individual or individuals specified in any such request is or are approved by the REIT’s 's board of trustees, the Operating Partnership shall so notify the Manager Parties in writing, which notice shall request that the applicable individual, or individuals so approved execute and deliver to the Operating Partnership a joinder to this Agreement in substantially the form of Exhibit C hereto (a “"Key Person Joinder”"). Following the execution of a Key Person Joinder, the Operating Partnership shall amend Exhibit A to the Operating Partnership’s 's LPA to reflect the resulting ownership of the Class B OP Units. Upon the approval by the REIT’s 's board of trustees of any one or more individuals as a Key Person and fulfillment of each of the requirements set forth in clauses (i) and (ii) above, each of the then-existing Key Person or Key Persons, as the case may be, and each individual having been approved by the REIT’s 's board of trustees as a Key Person in accordance with this Section 2.4, shall thereafter be deemed to be “"Key Persons” " hereunder.. (b) At all times during the Term, each Key Person shall remain active in and devote a sufficient portion of his or her business time to the business and affairs of the Manager with respect to the Properties and the Deferred Management Properties to operate the same in a manner consistent with past practice. 3 2.5

Key Persons. (a) As of the Effective Date, [·] Xxxxxx X. XxXxxxxx and Xxxxx X. Xxxxx shall be the only Key Person[s]Persons. At any time, and from time to time, during the Term, the Manager Parties may request, by written notice to the REIT’s 's board of trustees, that (i) one or more Key Persons be replaced by one or more other individuals specified in such notice, or (ii) additional individuals specified in such notice be appointed as Key Persons in addition to the then-existing Key Persons. If the individual or individuals specified in any such request is or are approved by the REIT’s 's board of trustees, the Operating Partnership shall so notify the Manager Parties in writing, which notice shall request that the applicable individual, or individuals so approved execute and deliver to the Operating Partnership a joinder to this Agreement in substantially the form of Exhibit C hereto (a “"Key Person Joinder”"). Following the execution of a Key Person Joinder, the Operating Partnership shall amend Exhibit A to the Operating Partnership’s 's LPA to reflect the resulting ownership of the Class B OP Units. Upon the approval by the REIT’s 's board of trustees of any one or more individuals as a Key Person and fulfillment of each of the requirements set forth in clauses (i) and (ii) above, each of the then-existing Key Person or Key Persons, as the case may be, and each individual having been approved by the REIT’s 's board of trustees as a Key Person in accordance with this Section 2.4, shall thereafter be deemed to be “"Key Persons” " hereunder.

Key Persons. (a) As of the Effective Date, [·] Xxxx X. Xxxxxxxxx shall be the only Key Person[s]Person. At any time, and from time to time, during the Term, the Manager Parties may request, by written notice to the REIT’s 's board of trustees, that (i) one or more Key Persons be replaced by one or more other individuals specified in such notice, or (ii) additional individuals specified in such notice be appointed as Key Persons in addition to the then-existing Key Persons. If the individual or individuals specified in any such request is or are approved by the REIT’s 's board of trustees, the Operating Partnership shall so notify the Manager Parties in writing, which notice shall request that the applicable individual, or individuals so approved execute and deliver to the Operating Partnership a joinder to this Agreement in substantially the form of Exhibit C hereto (a “"Key Person Joinder”"). Following the execution of a Key Person Joinder, the Operating Partnership shall amend Exhibit A to the Operating Partnership’s 's LPA to reflect the resulting ownership of the Class B OP Units. Upon the approval by the REIT’s 's board of trustees of any one or more individuals as a Key Person and fulfillment of each of the requirements set forth in clauses (i) and (ii) above, each of the then-existing Key Person or Key Persons, as the case may be, and each individual having been approved by the REIT’s 's board of trustees as a Key Person in accordance with this Section 2.4, shall thereafter be deemed to be “"Key Persons” " hereunder.

Key Persons. (a) As of the Effective Date, [·] Xxxxx Xxxxxx shall be the only Key Person[s]Person. At any time, and from time to time, during the Term, the Manager Parties may request, by written notice to the REIT’s 's board of trustees, that (i) one or more Key Persons be replaced by one or more other individuals specified in such notice, or (ii) additional individuals specified in such notice be appointed as Key Persons in addition to the then-existing Key Persons. If the individual or individuals specified in any such request is or are approved by the REIT’s 's board of trustees, the Operating Partnership shall so notify the Manager Parties in writing, which notice shall request that the applicable individual, or individuals so approved execute and deliver to the Operating Partnership a joinder to this Agreement in substantially the form of Exhibit C hereto (a “"Key Person Joinder”"). Following the execution of a Key Person Joinder, the Operating Partnership shall amend Exhibit A to the Operating Partnership’s 's LPA to reflect the resulting ownership of the Class B OP Units. Upon the approval by the REIT’s 's board of trustees of any one or more individuals as a Key Person and fulfillment of each of the requirements set forth in clauses (i) and (ii) above, each of the then-existing Key Person or Key Persons, as the case may be, and each individual having been approved by the REIT’s 's board of trustees as a Key Person in accordance with this Section 2.4, shall thereafter be deemed to be “"Key Persons” " hereunder.