Expiration of Reimbursable Amounts. Reimbursable Amounts shall, pursuant to Section 4(c) hereof, be reduced on a dollar for dollar basis upon their reimbursement by the Corporation to the Advisor. Any Reimbursable Amount not reimbursed by the Corporation to the Advisor within three years after the end of the calendar quarter in which such Reimbursable Amount originated shall be deemed expired, and the Corporation’s obligation to reimburse such Reimbursable Amount to the Advisor shall be cancelled, but only as to that portion of the Reimbursable Amount.
Appears in 3 contracts
Samples: Quarterly Expense Support Agreement (Industrial Property Trust Inc.), Expense Support and Conditional Reimbursement Agreement (Industrial Property Trust Inc.), Expense Support and Conditional Reimbursement Agreement (Industrial Property Trust Inc.)
Expiration of Reimbursable Amounts. Reimbursable Amounts shall, pursuant to Section 4(c5(c) hereof, be reduced on a dollar for dollar basis upon their reimbursement by the Corporation to the Advisor. Any Reimbursable Amount not reimbursed by the Corporation to the Advisor within three years after the end of the calendar quarter in which such Reimbursable Amount originated shall be deemed expired, and the Corporation’s obligation to reimburse such Reimbursable Amount to the Advisor shall be cancelled, but only as to that portion of the Reimbursable Amount.
Appears in 2 contracts
Samples: Expense Support Agreement (BLACK CREEK INDUSTRIAL REIT IV Inc.), Expense Support Agreement (Industrial Logistics Realty Trust Inc.)
