Common use of Responsibility of Dual Directors, Officers and/or Employees Clause in Contracts

Responsibility of Dual Directors, Officers and/or Employees. If any person who is a manager, partner, member, officer or employee of the Advisor is or becomes a director, officer and/or employee of the Company and/or its subsidiaries and acts as such in any business of the Company and/or its subsidiaries, then such manager, partner, member, officer and/or employee of the Advisor shall be deemed to be acting in such capacity solely for the Company and/or its subsidiaries, and not as a manager, partner, member, officer or employee of the Advisor or under the control or direction of the Advisor, even if paid by the Advisor.

Appears in 5 contracts

Samples: Advisory Agreement (Greenbacker Renewable Energy Co LLC), Advisory Agreement (Greenbacker Renewable Energy Co LLC), Advisory Agreement (Greenbacker Renewable Energy Co LLC)

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Responsibility of Dual Directors, Officers and/or Employees. If any person who is a manager, partner, member, officer or employee of the Advisor Manager is or becomes a director, officer and/or employee of the Company and/or its subsidiaries and acts as such in any business of the Company and/or its subsidiaries, then such manager, partner, member, officer and/or employee of the Advisor Manager shall be deemed to be acting in such capacity solely for the Company and/or its subsidiaries, and not as a manager, partner, member, officer or employee of the Advisor Manager or under the control or direction of the AdvisorManager, even if paid by the AdvisorManager.

Appears in 4 contracts

Samples: Management Agreement (CNL Strategic Capital, LLC), Management Agreement (CNL Strategic Capital, LLC), Management Agreement (CNL Strategic Capital, LLC)

Responsibility of Dual Directors, Officers and/or Employees. If any person who is a manager, partnerdirector, member, stockholder, partner, officer or employee of the Advisor Manager or any of its affiliates is or becomes a director, manager, officer and/or employee of the Company and/or its subsidiaries and acts as such in any business of the Company and/or its subsidiariesCompany, then such manager, partnerdirector, member, stockholder, partner, officer and/or employee of the Advisor Manager shall be deemed to be acting in such capacity solely for the Company and/or its subsidiariesCompany, as applicable, and not as a manager, partner, member, officer or employee of the Advisor Manager or under the control or direction of the AdvisorManager, even if paid by the AdvisorManager.

Appears in 2 contracts

Samples: Management Agreement (Great Ajax Corp.), Management Agreement (Great Ajax Corp.)

Responsibility of Dual Directors, Officers and/or Employees. If any person who is a manager, partner, member, officer or employee of the Advisor Adviser or an Administrator affiliated with the Adviser (“Affiliated Administrator”) is or becomes a director, officer and/or employee of the Company and/or its subsidiaries Corporation and acts as such in any business of the Company and/or its subsidiariesCorporation, then such manager, partner, member, officer and/or employee of the Advisor Adviser or Affiliated Administrator shall be deemed to be acting in such capacity solely for the Company and/or its subsidiariesCorporation, and not as a manager, partner, member, officer or employee of the Advisor Adviser or Affiliated Administrator or under the control or direction of the AdvisorAdviser or Affiliated Administrator, even if paid by the AdvisorAdviser or Affiliated Administrator.

Appears in 1 contract

Samples: Stock Purchase Agreement (Ameritrans Capital Corp)

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Responsibility of Dual Directors, Officers and/or Employees. If any person who is a manager, partner, member, officer or employee of the Advisor is or becomes a director, officer and/or employee of the Company Advisee and/or its subsidiaries and acts as such in any business of the Company Advisee and/or its subsidiaries, then such manager, partner, member, officer and/or employee of the Advisor shall be deemed to be acting in such capacity solely for the Company Advisee and/or its subsidiaries, and not as a manager, partner, member, officer or employee of the Advisor or under the control or direction of the Advisor, even if paid by the Advisor.

Appears in 1 contract

Samples: Advisory Agreement (Greenbacker Renewable Energy Co LLC)

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