Examples of Existing Advisory Agreement in a sentence
The Company acknowledges the appointment of the Advisor as the exclusive advisor of the Company pursuant to the terms of the Existing Advisory Agreement and acknowledges the continued role of the Advisor as the exclusive advisor of the Company, to provide the management and real estate services specified herein on the terms and conditions set forth in this Agreement, and the Advisor hereby acknowledges and accepts such continued appointment.
This Amended Agreement reflects the entire understanding of the Parties hereto with respect to the subject matter hereof and supersedes and replaces all agreements between the Company and the Advisor with respect to the subject matter hereof including, without limitation, the Existing Advisory Agreement and the Remington Letter Agreement.
Under the terms of the Existing Advisory Agreement, Oaktree has advanced and agreed to continue to advance all Organization and Offering Expenses (other than Selling Commissions and Stockholder Servicing Fees) on behalf of the REIT through July 6, 2022 and the REIT has agreed to reimburse Oaktree for all such advanced expenses ratably over the 60 months following July 6, 2022.
For avoidance of doubt (notwithstanding Section 11(a) of the Existing Advisory Agreement), no Acquisition Fees (as defined in the Existing Advisory Agreement) shall be payable to the Advisor in respect to any Investment that may be acquired by the Company or any Subsidiary following the Effective Date.
Any accrued but unpaid fees owed by the REIT to Oaktree pursuant to and in accordance with the terms of the Existing Advisory Agreement will become due and payable on the Transaction Effective Date.
On or prior to the Transaction Effective Date, the REIT and Oaktree agree to execute and deliver all necessary documentation in order to effect Oaktree’s resignation under the Existing Advisory Agreement, effective as of the Transaction Effective Date, in accordance with the Board Approvals.
The obligations of Oaktree to resign under the Existing Advisory Agreement and the REIT to enter into the New Advisory Agreement and to perform their other respective obligations under this Agreement is subject to the performance in all material respects by Brookfield of all of its obligations under this Agreement required to be performed by or on the Transaction Effective Date, unless otherwise waived by Oaktree or the REIT, as applicable.
The Existing Advisory Agreement was last approved by shareholders of the Fund at a meeting held on December 12, 2012.Advisory Services.
When expenses with respect to Two Briarlake are paid by REIT I, the Advisory Fees and Expenses relating thereto shall become due and payable in accordance with the terms of the Existing Advisory Agreement.
The Advisor hereby accepts such assignment of the Existing Advisory Contract and assumes and agrees to pay, perform and discharge in full and in a timely manner the obligations of Xxxx Advisory under or with respect to the Existing Advisory Agreement, and agrees to the termination of the Assignment and Guaranty.