Term; Renewal. This Agreement has a one-year term from the Effective Date and shall continue in full force until the first anniversary of the Effective Date. Thereafter, this Agreement may be renewed for an unlimited number of successive one-year terms upon mutual consent of the parties. It is the Board’s duty to evaluate the performance of the Advisor annually before reentering into or renewing this Agreement, and each such renewal shall be for a term of no more than one year. Any such renewal must be approved by the Independent Directors. If this Agreement is not renewed by either party, the notice provisions of Section 13.02 shall apply to such determination to not renew.
Appears in 11 contracts
Samples: Advisory Agreement (Hartman vREIT XXI, Inc.), Advisory Agreement (Resource Income Opportunity REIT, Inc.), Advisory Agreement (Hartman vREIT XXI, Inc.)
