Common use of Sponsor Clause in Contracts

Sponsor. Any Person which (i) is directly or indirectly instrumental in organizing, wholly or in part, the Corporation, (ii) will control, manage or participate in the management of the Corporation, and any Affiliate of any such Person, (iii) takes the initiative, directly or indirectly, in founding or organizing the Corporation, either alone or in conjunction with one or more other Persons, (iv) receives a material participation in the Corporation in connection with the founding or organizing of the business of the Corporation, in consideration of services or property, or both services and property, (v) has a substantial number of relationships and contacts with the Corporation, (vi) possesses significant rights to control Properties, (vii) receives fees for providing services to the Corporation which are paid on a basis that is not customary in the industry, or (viii) provides goods or services to the Corporation on a basis which was not negotiated at arm’s-length with the Corporation. “Sponsor” does not include any Person whose only relationship with the Corporation is that of an independent property manager and whose only compensation is as such, or wholly independent third parties such as attorneys, accountants and underwriters whose only compensation is for professional services.

Sponsor. Any Person which (i) is directly or indirectly instrumental in organizing, wholly or in part, the CorporationCompany, (ii) will control, manage or participate in the management of the CorporationCompany, and any Affiliate of any such Person, (iii) takes the initiative, directly or indirectly, in founding or organizing the CorporationCompany, either alone or in conjunction with one or more other Persons, (iv) receives a material participation in the Corporation Company in connection with the founding or organizing of the business of the CorporationCompany, in consideration of services or property, or both services and property, (v) has a substantial number of relationships and contacts with the CorporationCompany, (vi) possesses significant rights to control Real Properties, (vii) receives fees for providing services to the Corporation Company which are paid on a basis that is not customary in the industry, or (viii) provides goods or services to the Corporation Company on a basis which was not negotiated at arm’s-length with the CorporationCompany. “Sponsor” does not include any Person whose only relationship with the Corporation is that of an independent property manager and whose only compensation is as such, or wholly independent third parties such as attorneys, accountants and underwriters whose only compensation is for professional services. Stockholders. The registered holders of the Company’s Shares. Termination Date. The date of termination of this Agreement.

Sponsor. Any Person which (i) is directly or indirectly instrumental in organizing, wholly or in part, the CorporationTrust, (ii) will control, manage or participate in the management of the CorporationTrust, and any Affiliate of any such Person, (iii) takes the initiative, directly or indirectly, in founding or organizing the CorporationTrust, either alone or in conjunction with one or more other Persons, (iv) receives a material participation in the Corporation Trust in connection with the founding or organizing of the business of the CorporationTrust, in consideration of services or property, or both services and property, (v) has a substantial number of relationships and contacts with the CorporationTrust, (vi) possesses significant rights to control Properties, (vii) receives fees for providing services to the Corporation Trust which are paid on a basis that is not customary in the industry, or (viii) provides goods or services to the Corporation Trust on a basis which was not negotiated at arm’s-length with the CorporationTrust. “Sponsor” does not include any Person whose only relationship with the Corporation Trust is that of an independent property manager and whose only compensation is as such, or wholly independent third parties such as attorneys, accountants and underwriters whose only compensation is for professional services.

Sponsor. Any Person which (i) is directly or indirectly instrumental in organizing, wholly or in part, the CorporationCompany, (ii) will control, manage or participate in the management of the CorporationCompany, and any Affiliate of any such Person, (iii) takes the initiative, directly or indirectly, in founding or organizing the CorporationCompany, either alone or in conjunction with one or more other Persons, (iv) receives a material participation in the Corporation Company in connection with the founding or organizing of the business of the CorporationCompany, in consideration of services or property, or both services and property, (v) has a substantial number of relationships and contacts with the CorporationCompany, (vi) possesses significant rights to control Real Properties, (vii) receives fees for providing services to the Corporation Company which are paid on a basis that is not customary in the industry, or (viii) provides goods or services to the Corporation Company on a basis which was not negotiated at arm’sarm's-length with the CorporationCompany. “Sponsor” does not include any Person whose only relationship with the Corporation is that of an independent property manager and whose only compensation is as such, or wholly independent third parties such as attorneys, accountants and underwriters whose only compensation is for professional services. Stockholders. The registered holders of the Company's Shares. Termination Date. The date of termination of this Agreement, including by non-renewal.

Sponsor. Any Person which (i) is directly or indirectly instrumental in organizing, wholly or in part, the Corporation, (ii) will control, manage or participate in the management of the Corporation, and any Affiliate of any such Person, (iii) takes the initiative, directly or indirectly, in founding or organizing the Corporation, either alone or in conjunction with one or more other Persons, (iv) receives a material participation in the Corporation in connection with the founding or organizing of the business of the Corporation, in consideration of services or property, or both services and property, (v) has a substantial number of relationships and contacts with the Corporation, (vi) possesses significant rights to control Properties, (vii) receives fees for providing services to the Corporation which are paid on a basis that is not customary in the industry, or (viii) provides goods or services to the Corporation on a basis which was not negotiated at arm’s-length with the Corporation. “Sponsor” does not include any Person whose only relationship with the Corporation is that of an independent property manager and whose ​ ​ only compensation is as such, or wholly independent third parties such as attorneys, accountants and underwriters whose only compensation is for professional services.