Common use of Purchase of Assets from Affiliates Clause in Contracts

Purchase of Assets from Affiliates. The Company shall not purchase assets from the Sponsor, a Manager, the Directors or any of their Affiliates unless a majority of the Board of Directors (including a majority of the Independent Directors) not otherwise interested in the transaction determines that such transaction is fair and reasonable to the Company and at a price to the Company no greater than the cost of the assets to the Sponsor, a Manager, such Director or such Affiliates, unless there is substantial justification for any amount that exceeds such cost and such excess amount is determined to be reasonable. In no event shall the cost of such asset to the Company exceed its then-current appraised value.

Purchase of Assets from Affiliates. The Company shall not purchase assets from the Sponsor, a Managerthe Advisor, the Directors or any of their Affiliates unless a majority of the Board of Directors (including a majority of the Independent Directors) not otherwise interested in the transaction determines that such transaction is fair and reasonable to the Company and at a price to the Company no greater than the cost of the assets to the Sponsor, a Manager, such Director Advisor or its Affiliates or such AffiliatesDirector, unless there is substantial justification for any amount that exceeds such cost and such excess amount is determined to be reasonable. In no event shall the cost of such asset to the Company exceed its then-current appraised value.

Purchase of Assets from Affiliates. The Company shall not purchase assets Assets from the Sponsor, a Managerthe Advisor, the Directors Managers or any of their Affiliates unless a majority of the Board of Directors Managers (including a majority of the Independent DirectorsManagers) not otherwise interested in the transaction determines that such transaction is fair and reasonable to the Company and at a price to the Company no greater than the cost of the assets Assets to the Sponsor, a Manager, such Director Advisor or its Affiliates or such AffiliatesManager, unless there is substantial justification for any amount that exceeds such cost and such excess amount is determined to be reasonable. In no event shall the cost of such asset to the Company exceed its then-current appraised value.