Examples of Former Manager in a sentence
Schedule VI hereto contains a true, complete and correct list of all directors and officers of the Company and the Former Manager.
Each of the Former Manager and the Company’s directors and officers have, as of the Closing Date, executed and delivered to the Representatives a lock-up agreement in the form of Exhibit A hereto.
We have noted that on some occasions a deliberate process of interference with official records appears to have taken place.
This adjustment reflects the add-back of (i) consideration paid to the owners of the Former Manager and NMP Advisors, LLC (our "Former Sub-Manager"), (ii) accretion of the discount on the deferred liability payable to the owners of the Former Manager and (iii) due diligence and pursuit costs incurred by the Company related to the internalization of the functions performed by the Former Manager and Former Sub-Manager (the "Internalization Transaction").
We paid loan coordination fees to Preferred Apartment Advisors, LLC, (our "Former Manager") to reflect the administrative effort involved in arranging debt financing for acquired properties prior to the Internalization Transaction (defined in note 4 below).
Each party adopts and assumes as of the Closing Date the rights, duties and obligations of such party under the Former Manager Sub-Advisory Agreement (including, without limitation, the Fee Agreement attached as Schedule A thereto as if such Former Manager Sub Advisory Agreement had continued to be in effect following the Closing Date).
We were incorporated in Maryland on April 7, 2017 and commenced operations as a publicly traded company on June 28, 2017.Through December 31, 2020, we were externally managed by Pine River Capital Management L.P., or the Former Manager.
Fees that are attributable to the investment in Cline shall only be determined and become payable to the Former Manager on the sale of the investment in Cline, in its entirety, and shall be calculated using, and payable only on the net sale proceeds actually received by the Company for its investment in Cline.
The Internalization resulted in the elimination of the previous fee structure between us and the Former Manager, including acquisition and other fees.
Pursuant to the MSA, the Former Manager was responsible for the management of the Company’s business, including the Company’s day-to-day investment operations.