Major Decisions. (A) Subject to Sections 7.3(C) and 7.3(D) with respect to the Company, all major decisions of the Company set forth below in clauses (A)(1) through (A)(6) (“Major Decisions”) shall be subject to the Company’s Articles of Incorporation and joint approval by the Advisor and Sub-advisor. For the avoidance of doubt, Major Decisions specifically exclude any decisions regarding the day-to-day operations of the Company, the decision-making authority for which has been delegated to the Sub-advisor pursuant to this Agreement. Major Decisions shall consist of the following:
Appears in 4 contracts
Samples: Advisory Agreement (Phillips Edison - ARC Shopping Center REIT Inc.), Sub Advisory Agreement (Phillips Edison - ARC Shopping Center REIT Inc.), Advisory Agreement (Phillips Edison - ARC Shopping Center REIT Inc.)
Major Decisions. (A) Subject to Sections 7.3(C) and Section 7.3(D) with respect to the Company, all major decisions of the Company set forth below in clauses (A)(1) through (A)(6A)(5) (“Major Decisions”) shall be subject to the Company’s Articles of Incorporation and joint approval by the Advisor and Sub-advisor. For the avoidance of doubt, Major Decisions specifically exclude any decisions regarding the day-to-day operations of the Company, the decision-making authority for which has been delegated to the Sub-advisor pursuant to this Agreement. Major Decisions shall consist of the following:
Appears in 3 contracts
Samples: Advisory Agreement (Phillips Edison - ARC Grocery Center REIT II, Inc.), Advisory Agreement (Phillips Edison - ARC Grocery Center REIT II, Inc.), Phillips Edison Grocery Center Reit Ii, Inc.
Major Decisions. (A) Subject to Sections 7.3(C) and 7.3(D) with respect to the Company, all major decisions of the Company set forth below in clauses (A)(1) through (A)(6) (“Major Decisions”) shall be subject to the Company’s Articles of Incorporation and joint approval by the Advisor and Sub-advisorAdvisor. For the avoidance of doubt, Major Decisions specifically exclude any decisions regarding the day-to-day operations of the Company, the decision-making authority for which has been delegated to the Sub-advisor Advisor pursuant to this Agreement. Major Decisions shall consist of the following:
Appears in 1 contract
Samples: Sub Advisory Agreement (Corporate Income Properties - ARC, Inc.)
