Limitations On Activities Clause Example from Business Contracts

This example Limitations On Activities clause appears in 2 contracts from 2 companies

Limitations On Activities. Notwithstanding anything herein to the contrary, the Advisor shall refrain from taking any action which, in its sole judgment, or in the sole judgment of the Company, made in good faith, would (a) adversely affect the status of the Company as a REIT, unless the Board has determined that REIT qualification is not in the best interests of the Company and its Stockholders, (b) subject the Company to regulation under the Investment Company Act of 1940, as amended, or (c) violate any law, rule, regul...ation or statement of policy of any governmental body or agency having jurisdiction over the Company, the Operating Partnership or the Shares, or otherwise not be permitted by the Articles of Incorporation or By-laws, except if such action shall be ordered by the Board, in which case the Advisor shall notify promptly the Board of the Advisor's judgment of the potential impact of such action and shall refrain from taking such action until it receives further clarification or instructions from the Board. In such event, the Advisor shall have no liability for acting in accordance with the specific instructions of the Board so given. View More Arrow
Found in New York REIT Liquidating LLC contract
Benefit Street Partners Realty Trust, Inc. Contracts

ADVISORY AGREEMENT BY AND AMONG REALTY FINANCE TRUST, INC., REALTY FINANCE OPERATING PARTNERSHIP, L.P., AND BENEFIT STREET PARTNERS L.L.C. Dated as of September 29, 2016 (Filed With SEC on September 29, 2016)

New York REIT Liquidating LLC Contracts

SIXTH AMENDED AND RESTATED ADVISORYAGREEMENT BY AND AMONG NEW YORK REIT, INC. (f/k/a AMERICAN REALTY CAPITAL NEW YORK RECOVERY REIT, INC.), NEW YORK RECOVERY OPERATING... (Filed With SEC on April 15, 2014)