Common use of Sub-Manager Clause in Contracts

Sub-Manager. The Manager is hereby authorized to enter into a sub-management agreement (the “Sub-Management Agreement”) with L▇▇▇▇▇ L▇▇▇▇▇▇▇▇ Capital Partners, Inc. or one of its affiliates with expertise in the types of assets the Company intends to acquire (the “Sub-Manager”) pursuant to which the Manager may delegate and obtain the services of the Sub-Manager to assist the Manager in fulfilling its responsibilities hereunder. Specifically, the Manager may retain the Sub-Manager to recommend specific assets based upon the Company’s business objectives, policies and restrictions, and work, along with the Manager, in sourcing, structuring, negotiating, arranging or effecting the acquisition and disposition of such assets and monitoring assets on behalf of the Company, subject to the oversight of the Manager and the Company. (i) The Manager shall monitor the Sub-Manager to ensure that material information discussed by management of any such Sub-Manager is communicated to the Board, as appropriate. (ii) The Company shall be responsible for any compensation payable and reimbursement of Reimbursable Expenses (as defined in the Sub-Management Agreement) to the Sub-Manager under the Sub-Management Agreement. (iii) The Sub-Manager shall be subject to the same fiduciary duties imposed on the Manager pursuant to this Agreement.

Sub-Manager. The Manager is hereby authorized to enter entered into a subSecond Amended and Restated Sub-management agreement Management Agreement (the “Sub-Management Agreement”) with L▇▇▇▇▇ L▇▇▇▇▇▇▇▇ Capital PartnersStrategic Capital, Inc. LLC or one of its affiliates with expertise in the types of assets the Company intends to acquire (the “Sub-Manager”) pursuant to which the Manager may delegate and obtain the services of the Sub-Manager to assist the Manager in fulfilling its responsibilities hereunder. Specifically, the Manager may retain the Sub-Manager to recommend specific assets based upon the Company’s business objectives, policies and restrictions, and work, along with the Manager, in sourcing, structuring, negotiating, arranging or effecting the acquisition and disposition of such assets and monitoring assets on behalf of the Company, subject to the oversight of the Manager and the Company. (i) The Manager shall monitor the Sub-Manager to ensure that material information discussed by management of any such Sub-Manager is communicated to the Board, as appropriate. (ii) The Company shall be responsible for any compensation payable and reimbursement of Reimbursable Expenses (as defined in the Sub-Management Agreement) to the Sub-Manager under the Sub-Management Agreement. (iii) The Sub-Manager shall be subject to the same fiduciary duties imposed on the Manager pursuant to this Agreement.

Sub-Manager. The Manager is hereby authorized to enter entered into a subSecond Amended and Restated Sub-management agreement Management Agreement (the “"Sub-Management Agreement”") with L▇▇▇▇▇ L▇▇▇▇▇▇▇▇ Capital PartnersStrategic Capital, Inc. LLC or one of its affiliates with expertise in the types of assets the Company intends to acquire (the “"Sub-Manager”") pursuant to which the Manager may delegate and obtain the services of the Sub-Manager to assist the Manager in fulfilling its responsibilities hereunder. Specifically, the Manager may retain the Sub-Manager to recommend specific assets based upon the Company’s 's business objectives, policies and restrictions, and work, along with the Manager, in sourcing, structuring, negotiating, arranging or effecting the acquisition and disposition of such assets and monitoring assets on behalf of the Company, subject to the oversight of the Manager and the Company. (i) The Manager shall monitor the Sub-Manager to ensure that material information discussed by management of any such Sub-Manager is communicated to the Board, as appropriate. (ii) The Company shall be responsible for any compensation payable and reimbursement of Reimbursable Expenses (as defined in the Sub-Management Agreement) to the Sub-Manager under the Sub-Management Agreement. (iii) The Sub-Manager shall be subject to the same fiduciary duties imposed on the Manager pursuant to this Agreement.

Sub-Manager. The Manager is hereby authorized to enter entered into a sub-management agreement Second Amended and Restated Sub‑Management Agreement (the “Sub-Management Agreement”) with L▇▇▇▇▇▇ L▇▇▇▇▇▇▇▇▇ Capital PartnersStrategic Capital, Inc. LLC or one of its affiliates with expertise in the types of assets the Company intends to acquire (the “Sub-ManagerSub‑Manager”) pursuant to which the Manager may delegate and obtain the services of the Sub-Manager Sub‑Manager to assist the Manager in fulfilling its responsibilities hereunder. Specifically, the Manager may retain the Sub-Manager Sub‑Manager to recommend specific assets based upon the Company’s business objectives, policies and restrictions, and work, along with the Manager, in sourcing, structuring, negotiating, arranging or effecting the acquisition and disposition of such assets and monitoring assets on behalf of the Company, subject to the oversight of the Manager and the Company. (i) The Manager shall monitor the Sub-Manager Sub‑Manager to ensure that material information discussed by management of any such Sub-Manager Sub‑Manager is communicated to the Board, as appropriate. (ii) The Company shall be responsible for any compensation payable and reimbursement of Reimbursable Expenses (as defined in the Sub-Management Agreement) to the Sub-Manager Sub‑Manager under the Sub-Management Agreement. (iii) The Sub-Manager Sub‑Manager shall be subject to the same fiduciary duties imposed on the Manager pursuant to this Agreement.