Modification or Revocation of Authority of Advisor. The Board may, at any time upon the giving of notice to the Advisor, modify or revoke the authority or approvals set forth in Section 3, provided however, that such modification or revocation shall be effective upon receipt by the Advisor and shall not be applicable to investment transactions to which the Advisor has committed the Company and the Partnership prior to the date of receipt by the Advisor of such notification.
Appears in 11 contracts
Samples: Advisory Agreement (Wells Timberland REIT, Inc.), Advisory Agreement (Wells Timberland REIT, Inc.), Advisory Agreement (Wells Timberland REIT, Inc.)
Modification or Revocation of Authority of Advisor. The Board may, at any time upon the giving of notice to the Advisor, modify or revoke the authority or approvals set forth in this Section 34; provided, provided however, that such modification or revocation shall be effective upon receipt by the Advisor and shall not be applicable to investment transactions to which the Advisor has committed the Company and or the Operating Partnership prior to the date of receipt by the Advisor of such notification.
Appears in 2 contracts
Samples: Advisory Agreement (American Realty Capital Global Trust, Inc.), Advisory Agreement (American Realty Capital Global Daily Net Asset Value Trust, Inc.)
Modification or Revocation of Authority of Advisor. The Board may, at any time upon the giving of notice Notice to the Advisor, modify or revoke the authority or approvals set forth in this Section 34; provided, provided however, that such modification or revocation shall be effective upon receipt by the Advisor and shall not be applicable to investment transactions to which the Advisor has committed the Company and or the Operating Partnership prior to the date of receipt by the Advisor of such notification.
Appears in 1 contract
Samples: Advisory Agreement (American Realty Capital Global Trust, Inc.)
Modification or Revocation of Authority of Advisor. The Board may, at any time upon the giving of notice to the Advisor, modify or revoke the authority or approvals set forth in Section 3, provided however, that such modification or revocation shall be effective upon receipt by the Advisor and shall not be applicable to investment transactions to which the Advisor has committed the Company and the Partnership prior to the date of receipt by the Advisor of such notification. Any such notice may be communicated by the Company orally subject to immediate written confirmation by the Advisor.
Appears in 1 contract
