Common use of Maintenance of Personnel and Staff Clause in Contracts

Maintenance of Personnel and Staff. The Sub-Advisor agrees that it shall, individually and by engaging its Affiliates as necessary, maintain an adequate number of skilled and, to extent applicable, licensed employees to carry out professionally the services for which the Sub-Advisor is being engaged consistent with third party service providers providing similar services to a REIT of similar size and nature to the Company. The Sub-Advisor agrees that it shall maintain sufficient disaster recovery resources and systems to facilitate continuity of the services the Sub-Advisor provides in connection with the Company’s business in the event of disruption affecting the business of the Company. Furthermore, the Sub-Advisor agrees that it shall notify the NSAM Sub-Advisor as soon as practicable of any event affecting the Sub-Advisor (including, without limitation, any change to the Sub-Advisor’s information technology systems or practices) that is reasonably likely to have a material adverse effect on the ability of the Sub-Advisor to fulfill its duties or activities under this Agreement.

Maintenance of Personnel and Staff. The Sub-Advisor agrees that it shall, individually and by engaging its Affiliates as necessary, maintain an adequate number of skilled and, to extent applicable, licensed employees to carry out professionally the services for which the Sub-Advisor is being engaged consistent with third party service providers providing similar services to a REIT of similar size and nature to the Company. The Sub-Advisor agrees that it shall maintain sufficient disaster recovery resources and systems to facilitate continuity of the services the Sub-Advisor provides in connection with the Company’s business in the event of disruption affecting the business of the Company. Furthermore, the Sub-Advisor agrees that it shall notify the NSAM Colony NorthStar Sub-Advisor as soon as practicable of any event affecting the Sub-Advisor (including, without limitation, any change to the Sub-Advisor’s information technology systems or practices) that is reasonably likely to have a material adverse effect on the ability of the Sub-Advisor to fulfill its duties or activities under this Agreement.. 12.06

Maintenance of Personnel and Staff. The Sub-Advisor agrees that it shall, individually and by engaging its Affiliates as necessary, maintain an adequate number of skilled and, to extent applicable, licensed employees to carry out professionally the services for which the Sub-Advisor is being engaged consistent with third party service providers providing similar services to a REIT of similar size and nature to the Company. The Sub-Advisor agrees that it shall maintain sufficient disaster recovery resources and systems to facilitate continuity of the services the Sub-Advisor provides in connection with the Company’s business in the event of disruption affecting the business of the Company. Furthermore, the Sub-Advisor agrees that it shall notify the NSAM Colony NorthStar Sub-Advisor as soon as practicable of any event affecting the Sub-Advisor (including, without limitation, any change to the Sub-Advisor’s information technology systems or practices) that is reasonably likely to have a material adverse effect on the ability of the Sub-Advisor to fulfill its duties or activities under this Agreement.