Common use of Immediate Vesting Clause in Contracts

Immediate Vesting. Upon the expiration or termination of the Agreement for any reason other than a termination for Cause under Section 17 of the Agreement or upon a “Change of Control” of CWI (as defined below), all Shares granted to the Advisor pursuant to Section 9(g) of the Agreement shall vest immediately and all restrictions shall lapse. For purposes of this Schedule A, a “Change of Control” of CWI shall be deemed to have occurred if there has been a change in the ownership of CWI of a nature that would be required to be reported in response to the disclosure requirements of Schedule 14A of Regulation 14A promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), as enacted and in force on the date hereof, whether or not CWI is then subject to such reporting requirements; provided, however, that, without limitation, a “Change of Control” shall be deemed to have occurred if:

Immediate Vesting. Upon the expiration or termination of the Agreement for any reason other than a termination for Cause under Section 17 of the Agreement or upon a “"Change of Control” " of CWI 2 (as defined below), all Shares granted to the Advisor pursuant to Section 9(g) of the Agreement shall vest immediately and all restrictions shall lapse. For purposes of this Schedule A, a “"Change of Control” " of CWI 2 shall be deemed to have occurred if there has been a change in the ownership of CWI 2 of a nature that would be required to be reported in response to the disclosure requirements of Schedule 14A of Regulation 14A promulgated under the Securities Exchange Act of 1934, as amended (the “"Exchange Act”"), as enacted and in force on the date hereof, whether or not CWI 2 is then subject to such reporting requirements; provided, however, that, without limitation, a “"Change of Control” " shall be deemed to have occurred if:

Immediate Vesting. Upon the expiration or termination of the Agreement for any reason other than a termination for Cause under Section 17 of the Agreement or upon a “"Change of Control” " of CWI 1 (as defined below), all Shares granted to the Advisor pursuant to Section 9(g) of the Agreement shall vest immediately and all restrictions shall lapse. For purposes of this Schedule AB, a “"Change of Control” " of CWI 1 shall be deemed to have occurred if there has been a change in the ownership of CWI 1 of a nature that would be required to be reported in response to the disclosure requirements of Schedule 14A of Regulation 14A promulgated under the Securities Exchange Act of 1934, as amended (the “"Exchange Act”"), as enacted and in force on the date hereof, whether or not CWI 1 is then subject to such reporting requirements; provided, however, that, without limitation, a “"Change of Control” " shall be deemed to have occurred if:

Immediate Vesting. Upon the expiration or termination of the Agreement for any reason other than a termination for Cause under Section 17 of the Agreement or upon a “Change of Control” of CWI 2 (as defined below), all Shares granted to the Advisor pursuant to Section 9(g) of the Agreement shall vest immediately and all restrictions shall lapse. For purposes of this Schedule A, a “Change of Control” of CWI 2 shall be deemed to have occurred if there has been a change in the ownership of CWI 2 of a nature that would be required to be reported in response to the disclosure requirements of Schedule 14A of Regulation 14A promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), as enacted and in force on the date hereof, whether or not CWI 2 is then subject to such reporting requirements; provided, however, that, without limitation, a “Change of Control” shall be deemed to have occurred if: