Common use of Skilled Personnel and Adequate Staffing Clause in Contracts

Skilled Personnel and Adequate Staffing. The Sub-Advisor individually and by engaging as necessary Affiliates to provide services hereunder shall have and will at all times maintain an adequate number of skilled and licensed employees to professionally carry out the services for which the Sub-Advisor is being engaged consistent with third party service providers to a REIT of similar size and nature to the Company. In addition, the Sub-Advisor shall at all times maintain all necessary systems, equipment, software and other appropriate items available to perform such services, consistent with third party service providers to a REIT of similar size and nature to the Company.

Appears in 5 contracts

Samples: Sub Advisory Agreement (NorthStar/RXR New York Metro Real Estate, Inc.), Sub Advisory Agreement (NorthStar/RXR New York Metro Real Estate, Inc.), Sub Advisory Agreement (NorthStar/RXR New York Metro Income, Inc.)

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Skilled Personnel and Adequate Staffing. The Sub-Advisor individually and by engaging as necessary Affiliates to provide services hereunder shall have and will at all times maintain an adequate number of skilled and licensed employees to professionally carry out the services for which the Sub-Advisor is being engaged consistent with third party service providers to a REIT of similar size and nature to the Company. In addition, the Sub-Advisor shall at all times maintain all necessary systems, equipment, software and other appropriate items available to perform such services, consistent with third party service providers to a REIT of similar size and nature to the Company.. 11.02

Appears in 1 contract

Samples: Sub Advisory Agreement

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