Ownership Agreements. Owner agrees to obtain and review copies of all (1) agreements of limited partnership, joint venture partnership agreements and operating agreements of Owner and its affiliates as well as the articles of incorporation, bylaws, and registration statement on Form S-11 (No. 333-195292) of REIT, including all prospectus supplements and post-effective amendments thereto (collectively, the “Ownership Agreements”) and (2) mortgages on all Properties and inform Property Manager of any restrictions relating to property use arising therefrom. Property Manager will use reasonable care to avoid any act or omission which, in the performance of its duties hereunder, in any way conflicts with the terms of the Ownership Agreements or the mortgages in the absence of the express direction of REIT’s board of directors, and Property Manager shall promptly notify Owner if any such conflict arises.
Appears in 4 contracts
Samples: Property Management Agreement (Lightstone Value Plus Real Estate Investment Trust III, Inc.), Property Management Agreement (Lightstone Value Plus Real Estate Investment Trust III, Inc.), Property Management Agreement (Lightstone Value Plus Real Estate Investment Trust III, Inc.)
Ownership Agreements. Owner agrees to obtain and review copies of all (1) agreements of limited partnership, joint venture partnership agreements and operating agreements of Owner and its affiliates as well as the articles of incorporation, bylaws, and registration statement on Form S-11 (Nono. 333-195292164313) of REIT, including all prospectus supplements and post-effective amendments thereto (collectively, the “Ownership Agreements”) and (2) mortgages on all Properties and inform Property Manager PECO of any restrictions relating to property use arising therefrom. Property Manager PECO will use reasonable care to avoid any act or omission which, in the performance of its duties hereunder, in any way conflicts with the terms of the Ownership Agreements or the mortgages in the absence of the express direction of the REIT’s board of directors, and Property Manager PECO shall promptly notify Owner if any such conflict arises.
Appears in 4 contracts
Samples: Leasing and Construction Management Agreement (Phillips Edison - ARC Shopping Center REIT Inc.), Leasing and Construction Management Agreement (Phillips Edison - ARC Grocery Center REIT II, Inc.), And Construction Management Agreement (Phillips Edison - ARC Shopping Center REIT Inc.)
Ownership Agreements. Owner agrees to obtain and review copies of all (1) agreements of limited partnership, joint venture partnership agreements and operating agreements of Owner and its affiliates as well as the articles of incorporation, bylaws, and registration statement on Form S-11 (No. 333-195292178651) of REIT, including all prospectus supplements and post-effective amendments thereto (collectively, the “Ownership Agreements”) and (2) mortgages on all Properties and inform Property Manager of any restrictions relating to property use arising therefrom. Property Manager will use reasonable care to avoid any act or omission which, in the performance of its duties hereunder, in any way conflicts with the terms of the Ownership Agreements or the mortgages in the absence of the express direction of the REIT’s board of directors, and Property Manager shall promptly notify Owner if any such conflict arises.
Appears in 2 contracts
Samples: Form of Property Management Agreement (United Realty Trust Inc), Form of Property Management Agreement (United Realty Trust Inc)
Ownership Agreements. Owner agrees to obtain and review copies of all (1) agreements of limited partnership, joint venture partnership agreements and operating agreements of Owner and its affiliates as well as the articles of incorporation, bylaws, and registration statement on Form S-11 (Nono. 333-195292190588) of REIT, including all prospectus supplements and post-effective amendments thereto (collectively, the “Ownership Agreements”) and (2) mortgages on all Properties and inform Property Manager PECO of any restrictions relating to property use arising therefrom. Property Manager PECO will use reasonable care to avoid any act or omission which, in the performance of its duties hereunder, in any way conflicts with the terms of the Ownership Agreements or the mortgages in the absence of the express direction of the REIT’s board of directors, and Property Manager PECO shall promptly notify Owner if any such conflict arises.
Appears in 2 contracts
Samples: And Construction Management Agreement (Phillips Edison - ARC Grocery Center REIT II, Inc.), And Construction Management Agreement (Phillips Edison - ARC Grocery Center REIT II, Inc.)
Ownership Agreements. Owner agrees to obtain and review copies of all (1) agreements of limited partnership, joint venture partnership agreements and operating agreements of Owner and its affiliates as well as the articles of incorporation, bylaws, and registration statement on Form S-11 (Nono. 333-195292164313) of REIT, including all prospectus supplements and post-effective amendments thereto (collectively, the “Ownership Agreements”) and (2) mortgages on all Properties and inform Property Manager PECO of any restrictions relating to property use arising therefrom. Property Manager PECO will use reasonable care to avoid any act or omission which, in the performance of its duties hereunder, in any way conflicts with the terms of the Ownership Agreements or the mortgages in the absence of the express direction of the REIT’s board of directors, and Property Manager PECO shall promptly notify Owner if any such conflict arises.. (f)
Appears in 1 contract
Samples: Property Management Agreement