Common use of Release of Money or Other Property Upon Written Request Clause in Contracts

Release of Money or Other Property Upon Written Request. The Manager agrees that any money or other property of the Company held by the Manager under this Agreement shall be held by the Manager as custodian for the Company, and the Manager’s records shall be clearly and appropriately marked to reflect the ownership of such money or other property by the Company. Upon the receipt by the Manager of a written request signed by a duly authorized officer of the Company requesting the Manager to release to the Company any money or other property then held by the Manager for the account of the Company under this Agreement, the Manager shall release such money or other property to the Company within a reasonable period of time, but in no event later than thirty (30) days following such request. The Manager, Xxxxxxxxx, EMG Holdings and their Affiliates, directors, officers, managers and employees will not be liable to the Company, the Manager or any of their respective directors, officers, shareholders, members, managers, employees, owners or partners for any acts or omissions by the Company in connection with the money or other property released to the Company in accordance with the terms hereof. The Company and the Operating Partnership shall indemnify the Manager, Xxxxxxxxx, EMG Holdings and their Affiliates, officers, directors, Investment and Risk Management Committee members, employees, agents and successors and assigns against any and all expenses, losses, damages, liabilities, demands, charges and claims of any nature whatsoever which arise in connection with the Manager’s release of such money or other property to the Company in accordance with the terms of this Section 16. Indemnification pursuant to this Section 16 shall be in addition to any right of the Manager to indemnification under Section 11.

Appears in 4 contracts

Samples: Management Agreement (Ellington Financial LLC), Management Agreement (Ellington Financial LLC), Management Agreement (Ellington Financial LLC)

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Release of Money or Other Property Upon Written Request. The Manager agrees that any money or other property of the Company held by the Manager under this Agreement shall be held by the Manager as custodian for the Company, and the Manager’s records shall be clearly and appropriately marked to reflect the ownership of such money or other property by the Company. Upon the receipt by the Manager of a written request signed by a duly authorized officer of the Company requesting the Manager to release to the Company any money or other property then held by the Manager for the account of the Company under this Agreement, the Manager shall release such money or other property to the Company within a reasonable period of time, but in no event later than thirty (30) 30 days following such request. The Manager, Xxxxxxxxx, EMG Holdings Manager and their its Affiliates, directors, officers, managers and employees will not be liable to the Company, any Subsidiary, the Manager or any of their respective directors, officers, shareholders, members, managers, employees, owners or partners for any acts or omissions by the Company in connection with the money or other property released to the Company in accordance with the terms hereof. The Company and the Operating Partnership shall indemnify the Manager, Xxxxxxxxx, EMG Holdings Manager and their its Affiliates, officers, directors, Investment and Risk Management Committee members, employees, agents and successors and assigns against any and all expenses, losses, damages, liabilities, demands, charges and claims of any nature whatsoever which arise in connection with the Manager’s release of such money or other property to the Company in accordance with the terms of this Section 1617. Indemnification pursuant to this Section 16 17 shall be in addition to any right of the Manager to indemnification under Section 11.

Appears in 4 contracts

Samples: Management Agreement (Alpine Income Property Trust, Inc.), Management Agreement (Consolidated Tomoka Land Co), Management Agreement (Consolidated Tomoka Land Co)

Release of Money or Other Property Upon Written Request. The Manager agrees that any money or other property of the Company held by the Manager under this Agreement shall be held by the Manager as custodian for the Company, and the Manager’s 's records shall be clearly and appropriately marked clearly to reflect the ownership of such money or other property by the Company. Upon the receipt by the Manager of a written request signed by a duly authorized officer of the Company requesting the Manager to release to the Company any money or other property then held by the Manager for the account of the Company under this Agreement, the Manager shall release such money or other property to the Company within a reasonable period of time, but in no event later than thirty (30) 60 days following such request. The ManagerSubject to Section 10, Xxxxxxxxx, EMG Holdings and their Affiliates, directors, officers, managers and employees will the Manager shall not be liable to the Company, the Manager Independent Trust Managers, or any of their respective directors, officers, shareholders, members, managers, employees, owners the Company's shareholders or partners for any acts performed or omissions to act by the Company in connection with the money or other property released to the Company in accordance with the terms hereofthis Section 16. The Company and the Operating Partnership shall indemnify the Manager, Xxxxxxxxx, EMG Holdings and their Affiliatesits directors, officers, directorsstockholders, Investment partners and Risk Management Committee members, employees, agents and successors and assigns employees against any and all expenses, losses, damages, liabilities, demands, charges and claims of any nature whatsoever whatsoever, which arise in connection with the Manager’s 's release of such money or other property to the Company upon written request of the Company in accordance with the terms of this Section 16. Indemnification pursuant to this Section 16 provision shall be in addition to any right of the Manager to indemnification under Section 1110.

Appears in 3 contracts

Samples: Management Agreement (Amresco Capital Trust), Management Agreement (Amresco Capital Trust), Management Agreement (Amresco Capital Trust)

Release of Money or Other Property Upon Written Request. The Manager agrees that any money or other property of the Company held by the Manager under this Agreement shall be held by the Manager as custodian for the Company, and the Manager’s records shall be appropriately and clearly and appropriately marked to reflect the ownership of such money or other property by the Company. Upon the receipt by the Manager of a written request signed by a duly authorized officer of the Company requesting the Manager to release to the Company any money or other property then held by the Manager for the account of the Company under this Agreement, the Manager shall release such money or other property to the Company within a reasonable period of time, but in no event later than thirty (30) 60 days following such request. The ManagerUpon delivery of such money or other property to the Company, Xxxxxxxxx, EMG Holdings and their Affiliates, directors, officers, managers and employees will the Manager shall not be liable to the Company, the Manager Board, or any of their respective directors, officers, shareholders, members, managers, employees, owners or partners the Company’s stockholders for any acts or omissions by the Company in connection with the money or other property released to the Company in accordance with the terms hereofthis Section 14. The Company and the Operating Partnership shall indemnify the ManagerManager and its Affiliates, Xxxxxxxxxand any of their respective members, EMG Holdings and their Affiliatesstockholders, managers, partners, trustees, personnel, officers, directors, Investment and Risk Management Committee members, employees, agents consultants and successors and assigns any Person providing sub-advisory services to the Manager against any and all expenses, losses, damages, liabilities, demands, charges and claims of any nature whatsoever which Losses that arise in connection with the Manager’s proper release of such money or other property to the Company in accordance with the terms of this Section 1614. Indemnification pursuant to this Section 16 provision shall be in addition to any right of the Manager and its Affiliates, and any of their respective members, stockholders, managers, partners, trustees, personnel, officers, directors, employees, consultants and any Person providing sub-advisory services to the Manager to indemnification under Section 118 hereof.

Appears in 3 contracts

Samples: Management Agreement (Sunrise Realty Trust, Inc.), Management Agreement (AFC Gamma, Inc.), Management Agreement (AFC Gamma, Inc.)

Release of Money or Other Property Upon Written Request. The Manager agrees that any money or other property of the Company held by the Manager under this Agreement shall be held by the Manager as custodian for the Company, and the Manager’s records shall be appropriately and clearly and appropriately marked to reflect the ownership of such money or other property by the Company. Upon the receipt by the Manager of a written request signed by a duly authorized officer of the Company requesting the Manager to release to the Company any money or other property then held by the Manager for the account of the Company under this Agreement, the Manager shall release such money or other property to the Company within a reasonable period of time, but in no event later than thirty (30) 60 days following such request. The ManagerUpon delivery of such money or other property to the Company, Xxxxxxxxx, EMG Holdings and their Affiliates, directors, officers, managers and employees will the Manager shall not be liable to the Company, the Manager Board, or any of their respective directorsthe Company’s stockholders, officers, shareholders, members, managers, employees, owners partners or partners members for any acts or omissions by the Company in connection with the money or other property released to the Company in accordance with the terms hereofthis Section 14. The Company and the Operating Partnership shall indemnify the ManagerManager and its Affiliates, Xxxxxxxxxand any of their members, EMG Holdings and their Affiliatesstockholders, managers, partners, personnel, officers, directors, Investment and Risk Management Committee members, employees, agents consultants and successors and assigns any person providing sub-advisory services to the Manager against any and all expenses, losses, damages, liabilities, demands, charges and claims of any nature whatsoever which Losses that arise in connection with the Manager’s proper release of such money or other property to the Company in accordance with the terms of this Section 1614. Indemnification pursuant to this Section 16 provision shall be in addition to any right of the Manager and its Affiliates, and any of their members, stockholders, managers, partners, personnel, officers, directors, employees, consultants and any person providing sub-advisory services to the Manager to indemnification under Section 117(d) hereof.

Appears in 3 contracts

Samples: Management Agreement (Ares Commercial Real Estate Corp), Management Agreement (Ares Commercial Real Estate Corp), Management Agreement (Ares Commercial Real Estate Corp)

Release of Money or Other Property Upon Written Request. The Manager agrees that any money or other property of the Company held by the Manager under this Agreement shall be held by the Manager as custodian for the Company, and the Manager’s records shall be appropriately and clearly and appropriately marked to reflect the ownership of such money or other property by the Company. Upon the receipt by the Manager of a written request signed by a duly authorized officer of the Company requesting the Manager to release to the Company any money or other property then held by the Manager for the account of the Company under this Agreement, the Manager shall release such money or other property to the Company within a reasonable period of time, but in no event later than thirty sixty (3060) days following such request. The ManagerUpon delivery of such money or other property to the Company, Xxxxxxxxx, EMG Holdings and their Affiliates, directors, officers, managers and employees will the Manager shall not be liable to the Company, the Manager Board, or any of their respective directorsthe Company’s stockholders, officers, shareholders, members, managers, employees, owners partners or partners members for any acts or omissions by the Company in connection with the money or other property released to the Company in accordance with the terms hereofthis Section 14. The Company and the Operating Partnership shall indemnify the ManagerManager and its Affiliates, Xxxxxxxxxand any of their members, EMG Holdings and their Affiliatesstockholders, managers, partners, personnel, officers, directors, Investment and Risk Management Committee members, employees, agents consultants and successors and assigns any person providing sub-advisory services to the Manager against any and all expenses, losses, damages, liabilities, demands, charges and claims of any nature whatsoever which Losses that arise in connection with the Manager’s proper release of such money or other property to the Company in accordance with the terms of this Section 1614. Indemnification pursuant to this Section 16 provision shall be in addition to any right of the Manager and its Affiliates, and any of their members, stockholders, managers, partners, personnel, officers, directors, employees, consultants and any person providing sub-advisory services to the Manager to indemnification under Section 117(d) hereof.

Appears in 2 contracts

Samples: Management Agreement (Granite Point Mortgage Trust Inc.), Management Agreement (Granite Point Mortgage Trust Inc.)

Release of Money or Other Property Upon Written Request. The Manager Advisor agrees that any money or other property of the Company held by the Manager Advisor under this Agreement shall be held by the Manager Advisor as custodian for the Company, and the ManagerAdvisor’s records shall be clearly and appropriately marked to reflect the ownership of such money or other property by the Company. Upon the receipt by the Manager Advisor of a written request signed by a duly authorized officer of the Company requesting the Manager Advisor to release to the Company any money or other property then held by the Manager Advisor for the account of the Company under this Agreement, the Manager Advisor shall release such money or other property to the Company within a reasonable period of time, but in no event later than thirty (30) days following such request. The ManagerAdvisor, Xxxxxxxxx, EMG Holdings and their Affiliates, its directors, officers, managers managers, stockholders and employees will not be liable to the Company, the Manager or any Subsidiary, any of their respective directors, officers, shareholders, membersstockholders, managers, employees, owners or partners for any acts or omissions by the Company in connection with the money or other property released to the Company in accordance with the terms hereof. The Company and the Operating Partnership shall indemnify the Manager, Xxxxxxxxx, EMG Holdings Advisor and their its Advisor Affiliates, officers, directors, Investment and Risk Management Committee membersstockholders, employees, agents and successors and assigns against any and all expenses, losses, damages, liabilities, demands, charges and claims of any nature whatsoever which arise in connection with the ManagerAdvisor’s release of such money or other property to the Company in accordance with the terms of this Section 16. Indemnification pursuant to this Section 16 shall be in addition to any right of the Manager to indemnification under Section 119.3.

Appears in 2 contracts

Samples: Advisory Agreement (Arizona Land Income Corp), Advisory Agreement (Arizona Land Income Corp)

Release of Money or Other Property Upon Written Request. The Manager agrees that any money or other property of the Company held by the Manager under this Agreement shall be held by the Manager as custodian for the Company, and the Manager’s 's records shall be appropriately and clearly and appropriately marked to reflect the ownership of such money or other property by the Company. Upon the receipt by the Manager of a written request signed by a duly authorized officer of the Company requesting the Manager to release to the Company any money or other property then held by the Manager for the account of the Company under this Agreement, the Manager shall release such money or other property to the Company within a reasonable period of time, but in no event later than thirty (30) 60 days following such request. The ManagerUpon delivery of such money or other property to the Company, Xxxxxxxxx, EMG Holdings and their Affiliates, directors, officers, managers and employees will the Manager shall not be liable to the Company, the Manager Board, or any of their respective directorsthe Company's stockholders, officers, shareholders, members, managers, employees, owners partners or partners members for any acts or omissions by the Company in connection with the money or other property released to the Company in accordance with the terms hereofthis Section 14. The Company and the Operating Partnership shall indemnify the ManagerManager and its Affiliates, Xxxxxxxxxand any of their members, EMG Holdings and their Affiliatesstockholders, managers, partners, personnel, officers, directors, Investment and Risk Management Committee members, employees, agents consultants and successors and assigns any person providing sub-advisory services to the Manager against any and all expenses, losses, damages, liabilities, demands, charges and claims of any nature whatsoever which Losses that arise in connection with the Manager’s 's proper release of such money or other property to the Company in accordance with the terms of this Section 1614. Indemnification pursuant to this Section 16 provision shall be in addition to any right of the Manager and its Affiliates, and any of their members, stockholders, managers, partners, personnel, officers, directors, employees, consultants and any person providing sub-advisory services to the Manager to indemnification under Section 117(d) hereof.

Appears in 2 contracts

Samples: Management Agreement (Ares Commercial Real Estate Corp), Management Agreement (Ares Commercial Real Estate Corp)

Release of Money or Other Property Upon Written Request. The Manager Advisor agrees that any money or other property of the Company held by the Manager Advisor under this Agreement shall be held by the Manager Advisor as custodian for the Company, and the ManagerAdvisor’s records shall be clearly and appropriately marked to reflect the ownership of such money or other property by the Company. Upon the receipt by the Manager Advisor of a written request signed by a duly authorized officer of the Company requesting the Manager Advisor to release to the Company any money or other property then held by the Manager Advisor for the account of the Company under this Agreement, the Manager Advisor shall release such money or other property to the Company within a reasonable period of time, but in no event later than thirty (30) days following such request. The ManagerAdvisor, Xxxxxxxxx, EMG Holdings and their Affiliates, its directors, officers, managers and employees will not be liable to the Company, any Subsidiary, the Manager or Advisor any of their respective directors, officers, shareholders, membersstockholders, managers, employees, owners or partners for any acts or omissions by the Company in connection with the money or other property released to the Company in accordance with the terms hereof. The Company and the Operating Partnership shall indemnify the Manager, Xxxxxxxxx, EMG Holdings Advisor and their its Affiliates, officers, directors, Investment and Risk Management Committee members, employees, agents and successors and assigns against any and all expenses, losses, damages, liabilities, demands, charges and claims of any nature whatsoever which arise in connection with the ManagerAdvisor’s release of such money or other property to the Company in accordance with the terms of this Section 16. Indemnification pursuant to this Section 16 shall be in addition to any right of the Manager to indemnification under Section 119.3.

Appears in 2 contracts

Samples: Advisory Agreement (Newkirk Realty Trust, Inc.), Advisory Agreement (Newkirk Realty Trust, Inc.)

Release of Money or Other Property Upon Written Request. The Manager agrees that any money or other property of the Company held by the Manager under this Agreement shall be held by the Manager as custodian for the Company, and the Manager’s 's records shall be clearly and appropriately marked clearly to reflect the ownership of such money or other property by the Company. Upon the receipt by the Manager of a written request signed by a duly authorized officer of the Company requesting the Manager to release to the Company any money or other property then held by the Manager for the account of the Company under this Agreement, the Manager shall release such money or other property to the Company within a reasonable period of time, but in no event later than thirty (30) 60 days following such request. The Manager, Xxxxxxxxx, EMG Holdings and their Affiliates, directors, officers, managers and employees will Manager shall not be liable to the Company, any subsidiary, the Manager Independent Directors, or any of their respective directors, officers, shareholders, members, managers, employees, owners the Company's or a subsidiary's stockholders or partners for any acts performed or omissions to act by the Company in connection with the money or other property released to the Company in accordance with the terms hereofthis Section. The Company and the Operating Partnership shall indemnify the Manager, Xxxxxxxxx, EMG Holdings and their Affiliatesits directors, officers, directors, Investment stockholders and Risk Management Committee members, employees, agents and successors and assigns employees against any and all expenses, losses, damages, liabilities, demands, charges and claims of any nature whatsoever whatsoever, which arise in connection with the Manager’s 's release of such money or other property to the Company in accordance with the terms of this Section 16. Indemnification pursuant to this Section 16 provision shall be in addition to any right of the Manager to indemnification under Section 1110 of this Agreement.

Appears in 2 contracts

Samples: Management Agreement (Friedman Billings Ramsey Group Inc), Management Agreement (FBR Asset Investment Corp Md)

Release of Money or Other Property Upon Written Request. The Manager Advisor agrees that any money or other property of the Company held by the Manager Advisor under this Agreement shall be held by the Manager Advisor as custodian for the Company, Company and the ManagerAdvisor’s records shall be clearly and appropriately marked to reflect the ownership of such money or other property by the Company. Upon the receipt by the Manager Advisor of a written request signed by a duly authorized officer of the Company requesting the Manager Advisor to release to the Company any money or other property then held by the Manager Advisor for the account of the Company under this Agreement, the Manager Advisor shall release such money or other property to the Company within a reasonable period of time, but in no event later than thirty (30) days following such request. The ManagerAdvisor, Xxxxxxxxx, EMG Holdings and their Affiliates, its directors, officers, managers managers, stockholders and employees will not be liable to the Company, the Manager or any Subsidiary, any of their respective directors, officers, shareholders, membersstockholders, managers, employees, owners or partners for any acts or omissions by the Company in connection with the money or other property released to the Company in accordance with the terms hereof. The Company and the Operating Partnership shall indemnify the Manager, Xxxxxxxxx, EMG Holdings Advisor and their its Advisor Affiliates, officers, directors, Investment and Risk Management Committee membersstockholders, employees, agents and successors and assigns against any and all expenses, losses, damages, liabilities, demands, charges and claims of any nature whatsoever which arise in connection with the ManagerAdvisor’s release of such money or other property to the Company in accordance with the terms of this Section 16. Indemnification pursuant to this Section 16 shall be in addition to any right of the Manager to indemnification under Section 119.3.

Appears in 1 contract

Samples: Advisory Agreement (Pacific Office Properties Trust, Inc.)

Release of Money or Other Property Upon Written Request. The Manager agrees that any money or other property of the Company held by the Manager under this Agreement shall be held by the Manager as custodian for the Company, and the Manager’s records shall be clearly and appropriately marked clearly to reflect the ownership of such money or other property by the Company. Upon the receipt by the Manager of a written request signed by a duly authorized officer of the Company requesting the Manager to release to the Company any money or other property then held by the Manager for the account of the Company under this Agreement, the Manager shall release such money or other property to the Company within a reasonable period of time, but in no event later than thirty (30) days following such request. The Manager, Xxxxxxxxx, EMG Holdings and their Affiliates, directors, officers, managers and employees will Manager shall not be liable to the Company, the Manager Independent Directors or any of their respective directors, officers, shareholders, members, managers, employees, owners or partners the Company’s shareholders for any acts performed or omissions to act by the Company in connection with the money or other property released to the Company in accordance with this Section. Subject to the terms hereof. The foregoing, the Company and the Operating Partnership shall indemnify the Manager, Xxxxxxxxx, EMG Holdings and their Affiliatesits directors, officers, directors, Investment shareholders and Risk Management Committee members, employees, agents and successors and assigns employees against any and all expenses, losses, damages, liabilities, demands, charges and claims of any nature whatsoever whatsoever, which arise in connection with the Manager’s release of such money or other property to the Company in accordance with the terms of this Section 1619. Indemnification pursuant to this Section 16 provision shall be in addition to any right of the Manager to indemnification under Section 1113 of this Agreement.

Appears in 1 contract

Samples: Management Agreement (Belvedere Trust Mortgage CORP)

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Release of Money or Other Property Upon Written Request. The Manager agrees that any money or other property of the Company held by the Manager under this Agreement shall be held by the Manager as custodian for the Company, and the Manager’s 's records shall be clearly and appropriately marked clearly to reflect the ownership of such money or other property by the Company. Upon the receipt by the Manager of a written request signed by a duly authorized officer of the Company requesting the Manager to release to the Company any money or other property then held by the Manager for the account of the Company under this Agreement, the Manager shall release such money or other property to the Company within a reasonable period of time, but in no event later than thirty (30) days following such request. The Manager, Xxxxxxxxx, EMG Holdings and their Affiliates, directors, officers, managers and employees will Manager shall not be liable to the Company, the Manager Independent Directors or any of their respective directors, officers, shareholders, members, managers, employees, owners or partners the Company's shareholders for any acts performed or omissions to act by the Company in connection with the money or other property released to the Company in accordance with this Section. Subject to the terms hereof. The foregoing, the Company and the Operating Partnership shall indemnify the Manager, Xxxxxxxxx, EMG Holdings and their Affiliatesits directors, officers, directors, Investment shareholders and Risk Management Committee members, employees, agents and successors and assigns employees against any and all expenses, losses, damages, liabilities, demands, charges and claims of any nature whatsoever whatsoever, which arise in connection with the Manager’s 's release of such money or other property to the Company in accordance with the terms of this Section 1617. Indemnification pursuant to this Section 16 provision shall be in addition to any right of the Manager to indemnification under Section 1111 of this Agreement.

Appears in 1 contract

Samples: Management Agreement (Thornburg Mortgage Inc)

Release of Money or Other Property Upon Written Request. The Manager Advisor agrees that any money or other property of the Company held by the Manager Advisor under this Agreement shall be held by the Manager Advisor as custodian for the Company, and the Manager’s Advisor's records shall be clearly and appropriately marked to reflect the ownership of such money or other property by the Company. Upon the receipt by the Manager Advisor of a written request signed by a duly authorized officer of the Company requesting the Manager Advisor to release to the Company any money or other property then held by the Manager Advisor for the account of the Company under this Agreement, the Manager Advisor shall release such money or other property to the Company within a reasonable period of time, but in no event later than thirty (30) days following such request. The ManagerAdvisor, Xxxxxxxxx, EMG Holdings and their Affiliates, its directors, officers, managers managers, stockholders and employees will not be liable to the Company, the Manager or any Subsidiary, any of their respective directors, officers, shareholders, membersstockholders, managers, employees, owners or partners for any acts or omissions by the Company in connection with the money or other property released to the Company in accordance with the terms hereof. The Company and the Operating Partnership shall indemnify the Manager, Xxxxxxxxx, EMG Holdings Advisor and their its Advisor Affiliates, officers, directors, Investment and Risk Management Committee membersstockholders, employees, agents and successors and assigns against any and all expenses, losses, damages, liabilities, demands, charges and claims of any nature whatsoever which arise in connection with the Manager’s Advisor's release of such money or other property to the Company in accordance with the terms of this Section 16. Indemnification pursuant to this Section 16 shall be in addition to any right of the Manager to indemnification under Section 118.3.

Appears in 1 contract

Samples: Advisory Agreement (Pacific Office Properties Trust, Inc.)

Release of Money or Other Property Upon Written Request. The Manager agrees that any money or other property of the Company held by the Manager under this Agreement shall be held by the Manager as custodian for the Company, and the Manager’s records shall be appropriately and clearly and appropriately marked to reflect the ownership of such money or other property by the Company. Upon the receipt by the Manager of a written request signed by a duly authorized officer of the Company requesting the Manager to release to the Company any money or other property then held by the Manager for the account of the Company under this Agreement, the Manager shall release such money or other property to the Company within a reasonable period of time, but in no event later than thirty (30) 45 days following such request. The ManagerUpon delivery of such money or other property to the Company, Xxxxxxxxx, EMG Holdings and their Affiliates, directors, officers, managers and employees will the Manager shall not be liable to the Company, the Manager Board, or any of their respective directors, officers, shareholders, members, managers, employees, owners or partners the Company’s stockholders for any acts or omissions by the Company in connection with the money or other property released to the Company in accordance with the terms hereofthis Section 14. The Company and the Operating Partnership shall indemnify the ManagerManager and its Affiliates, Xxxxxxxxxand any of their respective members, EMG Holdings and their Affiliatesstockholders, managers, partners, trustees, personnel, officers, directors, Investment and Risk Management Committee members, employees, agents consultants and successors and assigns any Person providing sub-advisory services to the Manager against any and all expenses, losses, damages, liabilities, demands, charges and claims of any nature whatsoever which Losses that arise in connection with the Manager’s proper release of such money or other property to the Company in accordance with the terms of this Section 1614. Indemnification pursuant to this Section 16 provision shall be in addition to any right of the Manager and its Affiliates, and any of their respective members, stockholders, managers, partners, trustees, personnel, officers, directors, employees, consultants and any Person providing sub-advisory services to the Manager to indemnification under Section 118 hereof.

Appears in 1 contract

Samples: Management Agreement (Chicago Atlantic Real Estate Finance, Inc.)

Release of Money or Other Property Upon Written Request. The Manager agrees that any money or other property of the Company held by the Manager under this Agreement shall be held by the Manager as custodian for the Company, and the Manager’s records shall be clearly and appropriately marked to reflect the ownership of such money or other property by the Company. Upon the receipt by the Manager of a written request signed by a duly authorized officer of the Company requesting the Manager to release to the Company any money or other property then held by the Manager for the account of the Company under this Agreement, the Manager shall release such money or other property to the Company within a reasonable period of time, but in no event later than thirty (30) 30 days following such request. The Manager, Xxxxxxxxx, EMG Holdings Manager and their its Affiliates, directorsTrustees, officers, managers and employees will not be liable to the Company, any Subsidiary, the Manager or any of their respective directorsTrustees, officers, shareholders, members, managers, employees, owners or partners for any acts or omissions by the Company in connection with the money or other property released to the Company in accordance with the terms hereof. The Company and the Operating Partnership shall indemnify the Manager, Xxxxxxxxx, EMG Holdings Manager and their its Affiliates, officers, directors, Investment and Risk Management Committee membersTrustees, employees, agents and successors and assigns against any and all expenses, losses, damages, liabilities, demands, charges and claims of any nature whatsoever which arise in connection with the Manager’s release of such money or other property to the Company in accordance with the terms of this Section 1617. Indemnification pursuant to this Section 16 17 shall be in addition to any right of the Manager to indemnification under Section 11.

Appears in 1 contract

Samples: Management Agreement

Release of Money or Other Property Upon Written Request. The Manager agrees that any money or other property of the Company held by the Manager under this Agreement shall be held by the Manager as custodian for the Company, and the Manager’s records shall be clearly and appropriately marked to reflect the ownership of such money or other property by the Company. Upon the receipt by the Manager of a written request signed by a duly authorized officer of the Company requesting the Manager to release to the Company any money or other property then held by the Manager for the account of the Company under this Agreement, the Manager shall release such money or other property to the Company within a reasonable period of time, but in no event later than thirty (30) days following such request. The Manager, Xxxxxxxxx, EMG Holdings and their Affiliates, its directors, officers, managers and employees will not be liable to the Company, any Subsidiary, the Manager or any of their respective directors, officers, shareholders, membersstockholders, managers, employees, owners or partners for any acts or omissions by the Company in connection with the money or other property released to the Company in accordance with the terms hereof. The Company and the Operating Partnership shall indemnify the Manager, Xxxxxxxxx, EMG Holdings Manager and their its Affiliates, officers, directors, Investment and Risk Management Strategy Committee members, employees, agents and successors and assigns against any and all expenses, losses, damages, liabilities, demands, charges and claims of any nature whatsoever which arise in connection with the Manager’s release of such money or other property to the Company in accordance with the terms of this Section 16. Indemnification pursuant to this Section 16 shall be in addition to any right of the Manager to indemnification under Section 11.

Appears in 1 contract

Samples: Management Agreement (Crystal River Capital, Inc.)

Release of Money or Other Property Upon Written Request. The Manager agrees that any money or other property of the Company held by the Manager under this Agreement shall be held by the Manager as custodian for the Company, and the Manager’s records shall be clearly and appropriately marked clearly to reflect the ownership of such money or other property by the Company. Upon the receipt by the Manager of a written request signed by a duly authorized officer of the Company requesting the Manager to release to the Company any money or other property then held by the Manager for the account of the Company under this Agreement, the Manager shall release such money or other property to the Company within a reasonable period of time, but in no event later than thirty (30) days following such request. The Manager, Xxxxxxxxx, EMG Holdings and their Affiliates, directors, officers, managers and employees will Manager shall not be liable to the Company, the Manager Independent Directors or any of their respective directors, officers, shareholders, members, managers, employees, owners or partners the Company’s shareholders for any acts performed or omissions to act by the Company in connection with the money or other property released to the Company in accordance with this Section. Subject to the terms hereof. The foregoing, the Company and the Operating Partnership shall indemnify the Manager, Xxxxxxxxx, EMG Holdings and their Affiliatesits directors, officers, directors, Investment shareholders and Risk Management Committee members, employees, agents and successors and assigns employees against any and all expenses, losses, damages, liabilities, demands, charges and claims of any nature whatsoever whatsoever, which arise in connection with the Manager’s release of such money or other property to the Company in accordance with the terms of this Section 1619. Indemnification pursuant to this Section 16 provision shall be in addition to any right of the Manager to indemnification under Section 1111 of this Agreement.

Appears in 1 contract

Samples: Management Agreement (Thornburg Mortgage Inc)

Release of Money or Other Property Upon Written Request. The Manager agrees that any money or other property of the Company held by the Manager under this Agreement shall be held by the Manager as custodian for the Company, and the Manager’s 's records shall be clearly and appropriately marked clearly to reflect the ownership of such money or other property by the Company. Upon the receipt by the Manager of a written request signed by a duly authorized officer of the Company requesting the Manager to release to the Company any money or other property then held by the Manager for the account of the Company under this Agreement, the Manager shall release such money or other property to the Company within a reasonable period of time, but in no event later than thirty (30) 60 days following such request. The Manager, Xxxxxxxxx, EMG Holdings and their Affiliates, directors, officers, managers and employees will Manager shall not be liable to the Company, the Manager or any of their respective directors, officers, shareholders, members, managers, employees, owners or the Company's stockholders or partners for any acts performed or omissions to act by the Company in connection with the money or other property released to the Company in accordance with the terms hereofthis Section. The Company and the Operating Partnership shall indemnify the Manager, Xxxxxxxxx, EMG Holdings and their Affiliatesits directors, officers, directors, Investment stockholders and Risk Management Committee members, employees, agents and successors and assigns employees against any and all expenses, losses, damages, liabilities, demands, charges and claims of any nature whatsoever whatsoever, which arise in connection with the Manager’s 's release of such money or other property to the Company in accordance with the terms of this Section 1615 of this Agreement. Indemnification pursuant to this Section 16 provision shall be in addition to any right of the Manager to indemnification under Section 119 of this Agreement.

Appears in 1 contract

Samples: Management Agreement (Ibf Vi Guaranteed Income Fund)

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