Loans from Affiliates. If any loans are made to the Company by the Advisor or an Affiliate, the rate of interest that may be charged by the Advisor or such Affiliate shall be no less favorable to the Company than the terms available between non-Affiliated persons for similar loans.
Appears in 6 contracts
Samples: Advisory Agreement (Shearson American REIT, Inc.), Advisory Agreement (Medical Hospitality Group, Inc.), Advisory Agreement (New School Properties, Inc.)
Loans from Affiliates. If any loans are made to the Company by the Advisor or an Affiliate, the rate of interest that may be charged by the Advisor or such Affiliate shall be no less favorable to the Company than the terms available between non-Affiliated persons for similar loans. Notwithstanding the foregoing, bridge financing to effectuate an acquisition of a Property by the Operating Partnership prior to raising the necessary capital in the Offering may be provided by the Advisor or an Affiliate at the then current market rates.
Appears in 3 contracts
Samples: Advisory Agreement (Strategic Storage Trust VI, Inc.), Advisory Agreement (Strategic Storage Trust VI, Inc.), Advisory Agreement (Strategic Storage Growth Trust, Inc.)
