Common use of Term and Effectiveness Clause in Contracts

Term and Effectiveness. This Agreement shall become effective as of the date that the Company’s Registration Statement is declared effective by the SEC. Once effective, this Agreement shall remain in effect for two (2) years, and thereafter shall continue automatically for successive one-year periods, provided that such continuance is specifically approved at least annually by: (i) the vote of the Company’s Board of Trustees, including the vote of a majority of the Company’s trustees who are not “interested persons” (as such term is defined in Section 2(a)(19) of the 1000 Xxx) of any party to this Agreement (the “Independent Trustees”), in accordance with the requirements of the 1940 Act, or (ii) by the vote of the holders of a majority of the outstanding voting securities of the Company, including the vote of a majority of the Company’s Independent Trustees.

Appears in 7 contracts

Samples: Investment Advisory Agreement (NorthStar Corporate Income Fund-T), Investment Advisory Agreement (NorthStar Corporate Income Fund), Investment Advisory Agreement (NorthStar Corporate Income Fund-T)

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Term and Effectiveness. This Agreement shall become effective as of the date that the Company’s 's Registration Statement is declared effective by the SEC. Once effectiveSubject to Section 16(b) below, this Agreement shall remain in effect for two (2) years, and thereafter shall continue automatically for successive one-year periods, provided that such continuance is specifically approved at least annually by: by (i) the vote of the Company’s Board of Trustees, including the vote of a majority of the Company’s trustees who are not “interested persons” (as such term is defined in Section 2(a)(19) of the 1000 Xxx) of any party to this Agreement (the “Independent Trustees”), in accordance with the requirements of the 1940 Act, or (ii) by the vote of the holders of a majority of the outstanding voting securities of the Company, including Company entitled to vote and the vote of a majority of the Company’s Independent Trustees.

Appears in 4 contracts

Samples: Investment Co Advisory Agreement (NorthStar Real Estate Capital Income Fund-T), Investment Co Advisory Agreement (NorthStar Real Estate Capital Income Fund), Investment Co Advisory Agreement (NorthStar Real Estate Capital Income Fund-T)

Term and Effectiveness. This Agreement shall become effective as of the date that the Company’s Registration Statement is declared effective by the SECSEC (the “Effective Date”). Once effectiveSubject to Section 9(b) below, this Agreement shall remain in effect for two (2) years, and thereafter shall continue automatically for successive one-year periods, provided that such continuance is specifically approved at least annually by: by (i) the vote of the Company’s Board of TrusteesBoard, including the vote of a majority of the Company’s trustees who are not “interested persons” (as such term is defined in Section 2(a)(19) of the 1000 Xxx) of any party to this Agreement (the “Independent Trustees”), in accordance with the requirements of the 1940 Act, or (ii) by the vote of the holders of a majority of the outstanding voting securities of the Company, including the vote of a majority of the Company’s Independent Trustees.

Appears in 2 contracts

Samples: Investment Sub Advisory Agreement (NorthStar Corporate Income Fund), Investment Sub Advisory Agreement (NorthStar Corporate Income Fund-T)

Term and Effectiveness. This Agreement shall become effective as of the date that the Company’s 's Registration Statement is declared effective by the SEC. Once effective, this Agreement shall remain in effect for two (2) years, and thereafter shall continue automatically for successive one-year periods, provided that such continuance is specifically approved at least annually by: (i) the vote of the Company’s 's Board of Trustees, including the vote of a majority of the Company’s 's trustees who are not "interested persons" (as such term is defined in Section 2(a)(19) of the 1000 Xxx) of any party to this Agreement (the "Independent Trustees"), in accordance with the requirements of the 1940 Act, or (ii) by the vote of the holders of a majority of the outstanding voting securities of the Company, including Company entitled to vote and the vote of a majority of the Company’s 's Independent Trustees.

Appears in 2 contracts

Samples: Investment Advisory Agreement (NorthStar Real Estate Capital Income Fund-T), Investment Advisory Agreement (NorthStar Real Estate Capital Income Fund-T)

Term and Effectiveness. This Agreement shall become effective as of the date that the Company’s Registration Statement is declared effective by the SEC. Once effective, this Agreement shall remain in effect for two (2) years, and thereafter shall continue automatically for successive one-year periods, provided that such continuance is specifically approved at least annually by: (i) the vote of the Company’s Board of Trustees, including the vote of a majority of the Company’s trustees who are not “interested persons” (as such term is defined in Section 2(a)(19) of the 1000 Xxx) of any party to this Agreement (the “Independent Trustees”), in accordance with the requirements of the 1940 Act, or (ii) by the vote of the holders of a majority of the outstanding voting securities of the Company, including Company entitled to vote and the vote of a majority of the Company’s Independent Trustees.

Appears in 2 contracts

Samples: Investment Advisory Agreement (NorthStar Real Estate Capital Income Fund), Investment Advisory Agreement (NorthStar Real Estate Capital Income Fund)

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Term and Effectiveness. This Agreement shall become effective as of the date that the Company’s Registration Statement is declared effective by the SECSEC (the “Effective Date”). Once effectiveSubject to Section 9(b) below, this Agreement shall remain in effect for two (2) years, and thereafter shall continue automatically for successive one-year periods, provided that such continuance is specifically approved at least annually by: by (i) the vote of the Company’s Board of TrusteesBoard, including the vote of a majority of the Company’s trustees who are not “interested persons” (as such term is defined in Section 2(a)(19) of the 1000 1900 Xxx) of any party to this Agreement (the “Independent Trustees”), in accordance with the requirements of the 1940 Act, or (ii) by the vote of the holders of a majority of the outstanding voting securities of the Company, including the vote of a majority of the Company’s Independent Trustees.

Appears in 1 contract

Samples: Investment Sub Advisory Agreement (NorthStar Global Corporate Income Fund)

Term and Effectiveness. This Agreement shall become effective as of the date that the Company’s Registration Statement is declared effective by the SECfirst set forth above. Once effective, this This Agreement shall remain in effect for two (2) years, and thereafter shall continue automatically for successive one-year periods, provided that such continuance is specifically approved at least annually by: by (i) the vote of the Company’s Board of TrusteesDirectors, including the vote of a majority of the Company’s trustees directors who are not “interested persons” (as such term is defined in Section 2(a)(19) of the 1000 Xxx) of any party to this Agreement (the “Independent TrusteesDirectors”), in accordance with the requirements of the 1940 Act, or (ii) by the vote of the holders of a majority of the outstanding voting securities of the Company, including Company entitled to vote and the vote of a majority of the Company’s Independent TrusteesDirectors.

Appears in 1 contract

Samples: Investment Sub Advisory Agreement (NorthStar/Townsend Institutional Real Estate Fund Inc.)

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