Common use of Priority of Reimbursements Clause in Contracts

Priority of Reimbursements. Any reimbursement made by the Corporation to the Advisor pursuant to Section 4(b) shall be applied to Reimbursable Amounts that have not expired or been repaid in the order of oldest to newest.

Appears in 3 contracts

Samples: Quarterly Expense Support Agreement (Industrial Property Trust Inc.), Expense Support and Conditional Reimbursement Agreement (Industrial Property Trust Inc.), Expense Support and Conditional Reimbursement Agreement (Industrial Property Trust Inc.)

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Priority of Reimbursements. Any reimbursement made by the Corporation to the Advisor pursuant to Section 4(b5(b) shall be applied to Reimbursable Amounts that have not expired or been repaid in the order of oldest to newest.

Appears in 2 contracts

Samples: Expense Support Agreement (BLACK CREEK INDUSTRIAL REIT IV Inc.), Expense Support Agreement (Industrial Logistics Realty Trust Inc.)

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