Responsibility of Dual Directors, Officers and/or Employees. If any person who is a manager, partner, member, officer or employee of the Sub-Manager is or becomes a director, officer and/or employee of the Company and/or its subsidiaries and acts as such in any business of the Company and/or its subsidiaries, then such manager, partner, member, officer and/or employee of the Sub-Manager shall be deemed to be acting in such capacity solely for the Company and/or its subsidiaries, and not as a manager, partner, member, officer or employee of the Sub-Manager or under the control or direction of the Sub-Manager, even if paid by the Sub-Manager.
Appears in 2 contracts
Samples: Sub Management Agreement (CNL Strategic Capital, LLC), Sub Management Agreement (CNL Strategic Capital, LLC)
Responsibility of Dual Directors, Officers and/or Employees. If any person who is a managerdirector, partnerofficer, member, officer stockholder or employee of the Sub-Manager Advisor is or becomes a directortrustee, officer officer, stockholder and/or employee of the Company and/or its subsidiaries and acts as such in any business of the Company and/or its subsidiariesCompany, then such managerdirector, partnerofficer, member, officer stockholder and/or employee of the Sub-Manager Advisor shall be deemed to be acting in such capacity solely for the Company and/or its subsidiariesCompany, and not as a managerdirector, partnerofficer, member, officer stockholder or employee of the Sub-Manager Advisor or under the control or direction of the Sub-ManagerAdvisor, even if paid by the Sub-ManagerAdvisor.
Appears in 2 contracts
Samples: Investment Sub (Carey Credit Income Fund 2015 T), Investment Sub Advisory Agreement (Carey Credit Income Fund - I)
Responsibility of Dual Directors, Officers and/or Employees. If any person who is a manager, partner, member, director, officer or employee of the Sub-Manager Adviser is or becomes a director, officer and/or employee of the Company and/or its subsidiaries and acts as such in any business of the Company and/or its subsidiariesCompany, then such manager, partner, member, officer and/or employee of the Sub-Manager Adviser shall be deemed to be acting in such capacity solely for the Company and/or its subsidiariesCompany, and not as a manager, partner, member, officer or employee of the Sub-Manager Adviser or under the control or direction of the Sub-ManagerAdviser, even if paid by the Sub-ManagerAdviser.
Appears in 1 contract
Samples: Investment Sub Advisory Agreement (NorthStar/Townsend Institutional Real Estate Fund Inc.)
