Common use of Other Activities of Advisor Clause in Contracts

Other Activities of Advisor. (a) Nothing herein contained shall prevent the Advisor, or any Affiliate of the Advisor, from acting as adviser to any other person or entity even though such entity may have investment policies similar to the Company; provided, however, that if, at any time, the Advisor serves as adviser to more than one real estate entity (including the Company) with similar investment policies, it will offer loans and investments which are appropriate to more than one such entity first to that entity which has had uninvested funds for the longest period of time.

Appears in 3 contracts

Samples: Agreement (Bedminster Capital Corp), Advisory Agreement (American Realty Trust Inc), Advisory Agreement (American Realty Investors Inc)

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Other Activities of Advisor. (a) Nothing herein contained shall prevent the Advisor, or any Affiliate of the Advisor, from acting as adviser to any other person or entity even though such entity may have investment policies similar to the Company; provided, however, that if, at any time, the -------- ------- Advisor serves as adviser to more than one real estate entity (including the Company) with similar investment policies, it will offer loans and investments which are appropriate to more than one such entity first to that entity which has had uninvested funds for the longest period of time.

Appears in 1 contract

Samples: Advisory Agreement (American Realty Trust Inc)

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