Common use of Loans from Affiliates Clause in Contracts

Loans from Affiliates. The Advisor or any Affiliate thereof may not make any loan to the Corporation or the Operating Partnership unless a majority of the Board of Directors (including a majority of the Independent Directors) approve the loan as being fair, competitive, and commercially reasonable and no less favorable to the Corporation or the Operating Partnership than loans between unaffiliated parties under the same circumstances.

Loans from Affiliates. The Advisor or any Affiliate thereof may not make any loan to the Corporation or the Operating Partnership unless a majority of the Board of Directors (including a majority of the Independent Directors) approve the loan as being fair, competitive, and commercially reasonable and no less favorable to the Corporation or the Operating Partnership than comparable loans between unaffiliated parties under the same circumstancesparties.

Loans from Affiliates. The Advisor or any Affiliate thereof may not make any loan to the Corporation Company or the Operating Partnership unless a majority of the Board of Directors (including a majority of the Independent Directors) not otherwise interested in such loan approve the loan as being fair, competitive, and commercially reasonable and no less favorable to the Corporation Company or the Operating Partnership than loans between unaffiliated parties under the same circumstances.

Loans from Affiliates. The Advisor or any Affiliate thereof may not make any loan to the Corporation or the Operating Partnership unless the Conflicts Committee and a majority of the Board of Directors (including a majority of the Independent Directors) approve the loan as being fair, competitive, and commercially reasonable and no less favorable to the Corporation or the Operating Partnership than loans between unaffiliated parties under the same circumstances.

Loans from Affiliates. The Advisor or any Affiliate thereof may not make any loan to the Corporation Trust or the Operating Partnership unless a majority of the Board of Directors Trustees (including a majority of the Independent DirectorsTrustees) approve the loan as being fair, competitive, and commercially reasonable and no less favorable to the Corporation Trust or the Operating Partnership than loans between unaffiliated parties under the same circumstances.

Loans from Affiliates. The Advisor or any Affiliate thereof may not make any loan to any Company Entity unless the Corporation or the Operating Partnership unless Conflicts Committee and a majority of the Board of Directors (including a majority of the Independent Directors) approve the loan as being fair, competitive, and commercially reasonable and no less favorable to the Corporation or the Operating Partnership such Company Entity than loans between unaffiliated parties under the same circumstances.