Obligations of the Manager. The Manager shall refrain from any action which would (i) violate any material law, rule or regulation of any governmental body or agency having jurisdiction over the Fund or any such subsidiary; or (ii) not be permitted by the Governing Instruments.
Appears in 3 contracts
Samples: Management Services Agreement (Concreit Fund I LLC), Management Services Agreement (Concreit Fund I LLC), Management Services Agreement (Concreit Fund I LLC)
Obligations of the Manager. The Manager shall refrain from any action which would (i) violate any material law, rule or regulation of any governmental body or agency having jurisdiction over the Fund Company or any such subsidiary; or (iiiii) not be permitted by the Governing Instruments.
Appears in 1 contract
Samples: Management Services Agreement (Property Income Trust LLC)
Obligations of the Manager. The Manager shall refrain from any action which would (i) violate any material law, rule or regulation of any governmental body or agency having jurisdiction over the Fund Company or any such subsidiary; , or (ii) not be permitted by the Governing Instruments.
Appears in 1 contract
Samples: Management Services Agreement (Property Income Trust LLC)
