Common use of Approval by the Board Clause in Contracts

Approval by the Board. Notwithstanding the foregoing, the Manager may not take any action on behalf of the sxXXXX Entities without the prior approval of the Board or duly authorized committees thereof if the Charter or Maryland General Corporation Law require the prior approval of the Board. If the Board or a committee of the Board must approve a proposed investment, financing or disposition or chooses to do so, the Manager will deliver to the Board or committee, as applicable, all documents required by it to evaluate such investment, financing or disposition.

Appears in 2 contracts

Samples: Management Agreement (1st stREIT Office Inc.), Management Agreement (1st stREIT Office Inc.)

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Approval by the Board. Notwithstanding the foregoing, the Manager may not take any action on behalf of the sxXXXX Entities Company without the prior approval of the Board or duly authorized committees thereof if the Charter or Maryland General Corporation Law require the prior approval of the Board. If the Board or a committee of the Board must approve a proposed investment, financing or disposition or chooses to do so, the Manager will deliver to the Board or committee, as applicable, all documents required by it to evaluate such investment, financing or disposition.

Appears in 1 contract

Samples: Management Agreement (Multi-Housing Income REIT, Inc.)

Approval by the Board. Notwithstanding the foregoing, the Manager may not take any action on behalf of the sxXXXX Belpointe Entities without the prior approval of the Board or duly authorized committees thereof if the Charter or Maryland General Corporation Law require the prior approval of the Board. If the Board or a committee of the Board must approve a proposed investment, financing or disposition or chooses to do so, the Manager will deliver to the Board or committee, as applicable, all documents required by it to evaluate such investment, financing or disposition.

Appears in 1 contract

Samples: Management Agreement (Belpointe REIT, Inc.)

Approval by the Board. Notwithstanding the foregoing, the Manager may not take any action on behalf of the sxXXXX NL Entities without the prior approval of the Board or duly authorized committees thereof if the Charter or Maryland General Corporation Law require the prior approval of the Board. If the Board or a committee of the Board must approve a proposed investment, financing or disposition or chooses to do so, the Manager will deliver to the Board or committee, as applicable, all documents required by it to evaluate such investment, financing or disposition.

Appears in 1 contract

Samples: Management Agreement (NOYACK Logistics Income REIT II, Inc.)

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Approval by the Board. Notwithstanding the foregoing, the Manager may not take any action on behalf of the sxXXXX AHP Entities without the prior approval of the Board or duly authorized committees thereof if the Charter or Maryland General Corporation Law require the prior approval of the Board. If the Board or a committee of the Board must approve a proposed investment, financing or disposition or chooses to do so, the Manager will deliver to the Board or committee, as applicable, all documents required by it to evaluate such investment, financing or disposition.

Appears in 1 contract

Samples: Management Agreement (American Hospitality Properties REIT, Inc.)

Approval by the Board. Notwithstanding the foregoing, the Manager may not take any action on behalf of the sxXXXX Entities Company without the prior approval of the Board or duly authorized committees thereof if the Charter or Maryland General Corporation Law require the prior approval of the Board. If the Board or a committee of the Board must approve a proposed investment, financing or disposition or chooses to do so, the Manager will deliver to the Board or committee, as applicable, all documents required by it to evaluate such investment, financing or disposition.. 4.3

Appears in 1 contract

Samples: Contracts Management Agreement (Multi-Housing Income REIT, Inc.)

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