Common use of Securities Dealers Clause in Contracts

Securities Dealers. Subject to the REIT’s right to retain Other Managers and the REIT’s right to limit the Manager’s authorizations in the REIT’s discretion from time to time, the Manager is authorized, for and on behalf, and at the sole cost and expense of the REIT, to employ such securities dealers (including Affiliates of the Manager) for the purchase and sale of the REIT’s Mortgage Assets managed by the Manager as may, in the reasonable judgment of the Manager, be necessary to obtain the best commercially available net results taking into account such factors as the policies of the REIT, price, dealer spread, the size, type and difficulty of the transaction involved, the firm’s general execution and operational facilities and the firm’s risk in positioning the securities involved. Consistent with this policy, and subject to the foregoing caveats with respect to the REIT’s rights, the Manager is authorized to direct the execution of the REIT’s portfolio transactions to dealers and brokers furnishing statistical information or research deemed by the Manager to be reasonably necessary to the performance of its investment advisory functions for the REIT.

Appears in 14 contracts

Samples: Management Agreement (Armour Residential REIT, Inc.), Form of Management Agreement (Javelin Mortgage Investment Corp.), Management Agreement (Armour Residential REIT, Inc.)

Securities Dealers. Subject to the REIT’s right to retain Other Managers and the REIT’s right to limit the Manager’s authorizations in the REIT’s discretion from time to time, the Manager The Advisor is authorized, for and on behalf, and at the sole cost and expense of the REITCompany, to employ such securities dealers (including Affiliates of the ManagerAdvisor) for the purchase and sale of the REIT’s Mortgage Assets managed by the Manager as may, in the reasonable judgment of the ManagerAdvisor, be necessary to obtain the best commercially available net results taking into account such factors as the policies of the REITCompany, price, dealer spread, the size, type and difficulty of the transaction involved, the firm’s 's general execution and operational facilities and the firm’s 's risk in positioning the securities involved. Consistent with this policy, and subject to the foregoing caveats with respect to the REIT’s rights, the Manager Advisor is authorized to direct the execution of the REIT’s Company's portfolio transactions to dealers and brokers furnishing statistical information or research deemed by the Manager Advisor to be reasonably necessary useful or valuable to the performance of its investment advisory functions for the REITCompany.

Appears in 3 contracts

Samples: Advisory Agreement (Bull Street Real Estate Investment Trust Inc), Advisory Agreement (Bull Street Real Estate Investment Trust Inc), Advisory Agreement (Desert Capital Reit Inc)

Securities Dealers. Subject to the REIT’s right to retain Other Managers and the REIT’s right to limit the Manager’s authorizations in the REIT’s discretion from time to time, the The Manager is authorized, for and on behalf, and at the sole cost and expense of the REITCompany, to employ such securities dealers (including Affiliates of the Manager) for the purchase and sale of investment assets of the REIT’s Mortgage Assets managed by the Manager Company as may, in the reasonable good faith judgment of the Manager, be necessary to obtain the best commercially available net results for the Company taking into account such factors as the policies of the REITCompany, price, dealer spread, the size, type type, timing and difficulty of the transaction involved, the firm’s general execution and operational facilities and the firm’s risk in positioning the securities involved. Consistent with this policy, and subject to the foregoing caveats with respect to the REIT’s rights, the Manager is authorized to direct the execution of the REITCompany’s portfolio transactions to dealers and brokers furnishing statistical information or research deemed by the Manager to be reasonably necessary useful or valuable to the performance of its investment advisory functions for the REITCompany.

Appears in 2 contracts

Samples: Management Agreement (CBRE Realty Finance Inc), Management Agreement (CBRE Realty Finance Inc)

Securities Dealers. Subject to the REIT’s right to retain Other Managers and the REIT’s right to limit the Manager’s authorizations in the REIT’s discretion from time to time, the The Manager is authorized, for and on behalf, and at the sole cost and expense of the REITCompany, to employ such securities dealers (including Affiliates of the Manager) for the purchase and sale of the REIT’s Mortgage Assets managed by the Manager as may, in the reasonable judgment of the Manager, be necessary to obtain the best commercially available net results taking into account such factors as the policies of the REITCompany, price, dealer spread, the size, type and difficulty of the transaction involved, the firm’s general execution and operational facilities and the firm’s risk in positioning the securities involved. Consistent with this policy, and subject to the foregoing caveats with respect to the REIT’s rights, the Manager is authorized to direct the execution of the REITCompany’s portfolio transactions to dealers and brokers furnishing statistical information or research deemed by the Manager to be reasonably necessary useful or valuable to the performance of its investment advisory functions for the REITCompany.

Appears in 1 contract

Samples: Management Agreement (Luminent Mortgage Capital Inc)

Securities Dealers. Subject to the REIT’s right to retain Other Managers and the REIT’s right to limit the Manager’s authorizations in the REIT’s discretion from time to time, the Manager The Advisor is authorized, for and on behalf, and at the sole cost and expense of the REITCompany, to employ such securities dealers (including Affiliates of the ManagerAdvisor) for the purchase and sale of the REIT’s Mortgage Assets managed by the Manager as may, in the reasonable judgment of the ManagerAdvisor, be necessary to obtain the best commercially available net results taking into account such factors as the policies of the REITCompany, price, dealer spread, the size, type and difficulty of the transaction involved, the firm’s general execution and operational facilities and the firm’s risk in positioning the securities involved. Consistent with this policy, and subject to the foregoing caveats with respect to the REIT’s rights, the Manager Advisor is authorized to direct the execution of the REITCompany’s portfolio transactions to dealers and brokers furnishing statistical information or research deemed by the Manager Advisor to be reasonably necessary useful or valuable to the performance of its investment advisory functions for the REITCompany.

Appears in 1 contract

Samples: Advisory Agreement (Desert Capital Reit Inc)

Securities Dealers. Subject to the REITCompany’s right to retain Other Managers and the REITCompany’s right to limit the Manager’s authorizations in the REITCompany’s discretion from time to time, the Manager is authorized, for and on behalf, and at the sole cost and expense of the REITCompany, to employ such securities dealers (including Affiliates of the Manager) for the purchase and sale of the REITCompany’s Mortgage Assets managed by the Manager as may, in the reasonable judgment of the Manager, be necessary to obtain the best commercially available net results taking into account such factors as the policies of the REITCompany, price, dealer spread, the size, type and difficulty of the transaction involved, the firm’s general execution and operational facilities and the firm’s risk in positioning the securities involved. Consistent with this policy, and subject to the foregoing caveats with respect to the REITCompany’s rights, the Manager is authorized to direct the execution of the REITCompany’s portfolio transactions to dealers and brokers furnishing statistical information or research deemed by the Manager to be reasonably necessary to the performance of its investment advisory functions for the REITCompany.

Appears in 1 contract

Samples: Management Agreement (Luminent Mortgage Capital Inc)