Exclusion of Certain Transactions. In the event the Corporation or the Operating Partnership shall propose to enter into any transaction with the Sponsor, the Advisor, a Director or any Affiliate thereof, then such transaction shall be approved by a majority of the Board of Directors (including a majority of the Independent Directors) as fair and reasonable to the Corporation.
Appears in 41 contracts
Samples: Advisory Agreement (Industrial Property Reit Inc.), Advisory Agreement (Logistics Property Trust Inc.), Advisory Agreement (Industrial Income Trust Inc.)
