Common use of Devotion of Time; Additional Activities Clause in Contracts

Devotion of Time; Additional Activities. (a) The Manager will provide the Company and its Subsidiaries with a management team, including a Chief Executive Officer, President, a Head of Commercial Underwriting, a Chief Financial Officer, and other support personnel, to provide the management services to be provided by the Manager to the Company and its Subsidiaries hereunder, the members of which team shall devote such of their time to the management of the Company and its Subsidiaries as the Board of Directors commensurate with the level of activity of the Company and its Subsidiaries from time to time. None of the officers or employees of the Manager will be dedicated exclusively to the Company and its Subsidiaries.

Appears in 2 contracts

Samples: Management Agreement (Annaly Capital Management Inc), Management Agreement (CreXus Investment Corp.)

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Devotion of Time; Additional Activities. (a) The Manager and its Affiliates will provide the Company and its the Subsidiaries with a management team, including a Chief Executive Officer, President, a Head of Commercial Underwriting, a Chief Financial Officer, Chief Investment officer, Chief Accounting Officer, Head of Research and other Portfolio Manager, along with appropriate support personnel, to provide the management services to be provided by the Manager to the Company and its the Subsidiaries hereunder, the members of which team shall devote such portion of their time to the management of the Company and its the Subsidiaries as the Board of Directors commensurate with the level of activity of is necessary and appropriate to enable the Company and its the Subsidiaries to operate their business from time to time. None of the officers or employees of the Manager will be dedicated exclusively to the Company and its the Subsidiaries.

Appears in 2 contracts

Samples: Form of Management Agreement (Invesco Mortgage Capital Inc.), Management Agreement (Invesco Mortgage Capital Inc.)

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Devotion of Time; Additional Activities. (a) The Manager will provide or cause to be provided the Company and its Subsidiaries with a management team, including a Chief Executive Officer, Officer and President, a Head of Commercial Underwriting, a Chief Financial Officer, and other support personnel, to provide the management services to be provided by the Manager to the Company and its Subsidiaries hereunder, the members of which team shall devote such of their time to the management of the Company and its Subsidiaries as the Board of Directors may reasonably determine to be commensurate with the level of activity of the Company and its Subsidiaries from time to time. None of the officers or employees of the Manager will be dedicated exclusively to the Company and its Subsidiaries.

Appears in 1 contract

Samples: Form of Management Agreement (Bayview Mortgage Capital, Inc.)

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