Common use of Sub-Management Agreement Clause in Contracts

Sub-Management Agreement. The REIT and the Manager expressly acknowledge and agree that, concurrent with the execution of the Fourth Amended and Restated Management Agreement, the Manager entered into the First Amended and Restated Sub-Management Agreement, by and among the Manager, Xxxxxx Xxxx Blank Check LLC (“Xxxxxx Xxxx”) and the REIT (such agreement, the “Sub-Management Agreement”), and nothing to the contrary contained in this Agreement shall limit the ability of the Manager or Xxxxxx Xxxx to enter into and perform their respective obligations under such Sub-Management Agreement or otherwise limit the effectiveness of such Sub-Management Agreement. The REIT represents and warrants that the Sub-Management Agreement has been duly authorized and approved by all necessary action of the REIT.

Sub-Management Agreement. The REIT and the Manager expressly acknowledge and agree that, concurrent with the execution of the that certain Fourth Amended and Restated Management AgreementAgreement dated as of February 23, 2015, the Manager entered into the First Amended and Restated Sub-Management Agreement, by and among the Manager, Xxxxxx Xxxx Blank Check LLC (“Xxxxxx Xxxx”) and the REIT (such agreement, the “Sub-Management Agreement”), and nothing to the contrary contained in this Agreement shall limit the ability of the Manager or Xxxxxx Xxxx to enter into and perform their respective obligations under such Sub-Management Agreement or otherwise limit the effectiveness of such Sub-Management Agreement. The REIT represents and warrants that the Sub-Management Agreement has been duly authorized and approved by all necessary action of the REIT.

Sub-Management Agreement. The REIT and the Manager expressly acknowledge and agree that, concurrent with the execution of the Fourth Amended and Restated Management this Agreement, the Manager entered is entering into the First Amended and Restated Sub-Management Agreement, dated as of even date herewith, by and among the Manager, Xxxxxx Xxxx Blank Check LLC (“Xxxxxx Xxxx”) and the REIT (such agreement, the “Sub-Management Agreement”), and nothing to the contrary contained in this Agreement shall limit the ability of the Manager or Xxxxxx Xxxx to enter into and perform their respective obligations under such Sub-Management Agreement or otherwise limit the effectiveness of such Sub-Management Agreement. The REIT represents and warrants that the Sub-Management Agreement has been duly authorized and approved by all necessary action of the REIT.