Common use of Term; Termination of Agreement Clause in Contracts

Term; Termination of Agreement. This Agreement shall continue in force for a period of one year from the date hereof, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 25 contracts

Samples: Advisory Agreement (Industrial Property Trust Inc.), Advisory Agreement (Industrial Property Trust Inc.), Advisory Agreement (Industrial Income Trust Inc.)

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Term; Termination of Agreement. This Agreement shall continue in force for a period until the first anniversary of one year from the date hereof, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is The Company, acting through the duty of the Independent Directors to Board, will evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 22 contracts

Samples: Advisory Agreement (Wells Real Estate Investment Trust Ii Inc), Advisory Agreement (Wells Real Estate Investment Trust Ii Inc), Form of Advisory Agreement (Wells Real Estate Investment Trust Ii Inc)

Term; Termination of Agreement. This Agreement shall continue in force for a period of one year from the date hereof, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 17 contracts

Samples: Advisory Agreement (Dividend Capital Total Realty Trust Inc.), Advisory Agreement (Dividend Capital Total Realty Trust Inc.), Advisory Agreement (Dividend Capital Total Realty Trust Inc.)

Term; Termination of Agreement. This Agreement shall continue in force for a period of one year from the date hereofof this Agreement, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal agreement shall be for have a term of no more than one year.

Appears in 8 contracts

Samples: Advisory Agreement (Rich Uncles NNN REIT, Inc.), Advisory Agreement (Rich Uncles REIT, Inc.), Advisory Agreement (Rich Uncles REIT, Inc.)

Term; Termination of Agreement. This Agreement shall continue in force for a period of one year from the date hereofuntil ________ __, 1999, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal agreement shall be for have a term of no more than one year.

Appears in 4 contracts

Samples: Advisory Agreement (CNL Health Care Properties Inc), Advisory Agreement (CNL Health Care Properties Inc), Advisory Agreement (CNL Health Care Properties Inc)

Term; Termination of Agreement. This Agreement shall continue in force for a period of one year from the date hereofuntil September , 2005, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal agreement shall be for have a term of no more than one year.

Appears in 3 contracts

Samples: Advisory Agreement (Orange Hospitality, INC), Advisory Agreement (Orange Hospitality, INC), Advisory Agreement (Orange Hospitality, INC)

Term; Termination of Agreement. This Agreement shall continue in force for a period of one year from the date hereofuntil ______________, 2005, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal agreement shall be for have a term of no more than one year.

Appears in 3 contracts

Samples: Advisory Agreement (CNL Retirement Properties Inc), Advisory Agreement (CNL Retirement Properties Inc), Advisory Agreement (CNL Retirement Properties Inc)

Term; Termination of Agreement. This Agreement shall continue in force for a period of one year from the date hereofthrough April 30, 2020, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 3 contracts

Samples: Advisory Agreement (Black Creek Diversified Property Fund Inc.), Advisory Agreement (Black Creek Diversified Property Fund Inc.), Advisory Agreement (Black Creek Diversified Property Fund Inc.)

Term; Termination of Agreement. This Agreement shall continue in force for a period of one year from the effective date hereof, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 3 contracts

Samples: Advisory Agreement (Industrial Logistics Realty Trust Inc.), Advisory Agreement (Industrial Logistics Realty Trust Inc.), Advisory Agreement (Industrial Logistics Realty Trust Inc.)

Term; Termination of Agreement. This Agreement shall continue in force for a period of one year from the date hereofof this Agreement, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for have a term of no more than one year.

Appears in 3 contracts

Samples: Advisory Agreement (Rw Holdings NNN Reit, Inc.), Advisory Agreement (Rw Holdings NNN Reit, Inc.), Advisory Agreement (Rw Holdings NNN Reit, Inc.)

Term; Termination of Agreement. This Agreement shall continue in force for a period of one year from the date hereofthrough June 30, 2019, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 2 contracts

Samples: Advisory Agreement (Black Creek Diversified Property Fund Inc.), Advisory Agreement (Black Creek Diversified Property Fund Inc.)

Term; Termination of Agreement. This Agreement shall continue in force for a period of one year from the date hereofuntil _______________, 2005, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal agreement shall be for have a term of no more than one year.

Appears in 2 contracts

Samples: Advisory Agreement (CNL Hospitality Properties Inc), Advisory Agreement (CNL Hospitality Properties Inc)

Term; Termination of Agreement. This Agreement shall continue in force for a period of one year from the date hereofuntil February 21, 2016, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 2 contracts

Samples: Advisory Agreement (Industrial Income Trust Inc.), Advisory Agreement (Industrial Income Trust Inc.)

Term; Termination of Agreement. This Agreement shall continue in force for a period until the first anniversary of one year from the date hereofEffective Date, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is The Company, acting through the duty of the Independent Directors to Board, will evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 2 contracts

Samples: Advisory Agreement (Wells Timber Real Estate Investment Trust, Inc.), Advisory Agreement (Wells Timber Real Estate Investment Trust, Inc.)

Term; Termination of Agreement. This Agreement shall continue in force for a period of one year from the date hereof, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors Trustees of the Trust to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 2 contracts

Samples: Investment Advisory Agreement (Fidelity Property Income Trust), Investment Advisory Agreement (Fidelity Property Income Trust)

Term; Termination of Agreement. This Agreement shall continue in force for a period of one year from the date hereofuntil ________ __, 2005, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal agreement shall be for have a term of no more than one year.

Appears in 2 contracts

Samples: Advisory Agreement (CNL Income Properties Inc), Advisory Agreement (CNL Income Properties Inc)

Term; Termination of Agreement. This Agreement shall continue in force for a period of to and including the date that is one year from the date hereof, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 2 contracts

Samples: Advisory Agreement (BLACK CREEK INDUSTRIAL REIT IV Inc.), Advisory Agreement (BLACK CREEK INDUSTRIAL REIT IV Inc.)

Term; Termination of Agreement. This Agreement shall continue in force for a period of one year from the date hereofJuly 1, 2017, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 2 contracts

Samples: Advisory Agreement (BLACK CREEK INDUSTRIAL REIT IV Inc.), Advisory Agreement (BLACK CREEK INDUSTRIAL REIT IV Inc.)

Term; Termination of Agreement. This Agreement shall continue in force for a period of one year from the date hereofuntil ___________, 2004, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal agreement shall be for have a term of no more than one year.

Appears in 2 contracts

Samples: Advisory Agreement (CNL Hospitality Properties Inc), Advisory Agreement (CNL Hospitality Properties Inc)

Term; Termination of Agreement. This Agreement shall continue in force for a period of one year from the date hereofthrough April 30, 2024, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 2 contracts

Samples: Advisory Agreement (Ares Real Estate Income Trust Inc.), Advisory Agreement (Ares Real Estate Income Trust Inc.)

Term; Termination of Agreement. This Agreement shall continue in force for a period of one year from the date hereofthrough June 30, 2018, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 2 contracts

Samples: Advisory Agreement (Dividend Capital Diversified Property Fund Inc.), Advisory Agreement (Dividend Capital Diversified Property Fund Inc.)

Term; Termination of Agreement. This Agreement shall continue in force for a period of one year from the date hereofthrough April 30, 2022, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 2 contracts

Samples: Advisory Agreement (Ares Real Estate Income Trust Inc.), Advisory Agreement (Black Creek Diversified Property Fund Inc.)

Term; Termination of Agreement. This Agreement shall continue in force for a period of one year from the date hereof, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors Trustees to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 1 contract

Samples: Advisory Agreement (Industrial Property Trust)

Term; Termination of Agreement. This Agreement shall continue in force for a period of one year from the date hereofthrough and including April 30, 2024, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 1 contract

Samples: Advisory Agreement (ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc.)

Term; Termination of Agreement. (a) This Agreement shall will continue in force for a period of one year from the date hereofuntil ________ __, 2005, subject to an unlimited number of successive one-year renewals upon with the written mutual consent of the parties. It is the duty of the Board of Directors, including a majority of the Independent Directors Directors, to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal agreement shall be for have a term of no more than one year.

Appears in 1 contract

Samples: Form of Advisory Agreement (A Reit Inc)

Term; Termination of Agreement. This Agreement shall continue in force for a period of one year from the date hereofthrough and including April 30, 2023, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 1 contract

Samples: Advisory Agreement (ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc.)

Term; Termination of Agreement. This Agreement shall continue in force for a period of one year from the date hereofthrough and including May 1, 2022, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 1 contract

Samples: Advisory Agreement (ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc.)

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Term; Termination of Agreement. This Agreement shall continue in force for a period of one year from the date hereofto and including May 1, 2022, subject to an unlimited number of successive one-year ​ ​ renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 1 contract

Samples: Advisory Agreement (BLACK CREEK INDUSTRIAL REIT IV Inc.)

Term; Termination of Agreement. This Agreement shall continue in force for a period of one year from the date hereofthrough June 30, 2016, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 1 contract

Samples: Advisory Agreement (Dividend Capital Diversified Property Fund Inc.)

Term; Termination of Agreement. This Agreement shall continue in force for a period of one year three years from the date hereof, subject to an unlimited number of successive onethree-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one yearthree years.

Appears in 1 contract

Samples: Advisory Agreement (Dividend Capital Inc)

Term; Termination of Agreement. This Agreement shall continue in force for a period of one year from the date hereofuntil __________________, 1999, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor or annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 1 contract

Samples: Advisory Agreement (Wells Real Eastate Investment Trust Inc)

Term; Termination of Agreement. This Agreement shall continue in force for a period of one year from the date hereofthrough June 30, 2017, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 1 contract

Samples: Advisory Agreement (Dividend Capital Diversified Property Fund Inc.)

Term; Termination of Agreement. This Agreement shall continue in force for a period of one year from the date hereofto and including June 12, 2021, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 1 contract

Samples: Advisory Agreement (BLACK CREEK INDUSTRIAL REIT IV Inc.)

Term; Termination of Agreement. This Agreement shall continue in force for a period of one year from the date hereofof the Prospectus pursuant to which our initial Offering is made, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 1 contract

Samples: Advisory Agreement (Green Realty Trust, Inc.)

Term; Termination of Agreement. This Agreement shall continue in force for a period of one year from the date hereofuntil May 3, 2005, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal agreement shall be for have a term of no more than one year.

Appears in 1 contract

Samples: Advisory Agreement (CNL Retirement Properties Inc)

Term; Termination of Agreement. This Agreement shall continue in force for a period of one year from the date hereofuntil March 31, 2004, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal agreement shall be for have a term of no more than one year.

Appears in 1 contract

Samples: Advisory Agreement (CNL Hospitality Properties Inc)

Term; Termination of Agreement. This Agreement shall continue in force for a period of one year from the date hereofuntil February 21, 2015, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 1 contract

Samples: Advisory Agreement (Industrial Income Trust Inc.)

Term; Termination of Agreement. This Agreement shall continue in force for a period of one year from the date hereofuntil January 30, 2000, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor or annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 1 contract

Samples: Advisory Agreement (Wells Real Estate Investment Trust Inc)

Term; Termination of Agreement. This Agreement shall continue in force for a period of one (1) year from the date hereof, subject to an unlimited number of successive one-year renewals upon mutual consent unless either party gives notice of termination no later than sixty (60) days prior to the expiration of the partiesthen-current term. It is the duty of the Independent Directors Conflicts Committee to evaluate the performance of the Advisor annually before renewing allowing the AgreementAgreement to automatically renew, and each such renewal shall be for a term of no more than one (1) year.

Appears in 1 contract

Samples: Advisory Agreement (Prime Realty Income Trust, Inc.)

Term; Termination of Agreement. This Agreement shall continue in force for a period of one year from the date hereof, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor or annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 1 contract

Samples: Advisory Agreement (Dividend Capital Trust Inc)

Term; Termination of Agreement. This Agreement shall continue in force for a period of one year from the date hereof, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors Conflicts Committee to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 1 contract

Samples: Advisory Agreement (Income Property Trust of the Americas Inc.)

Term; Termination of Agreement. This Agreement shall continue in force for a period of one year from the date hereofthrough April 30, 2023, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 1 contract

Samples: Advisory Agreement (Ares Real Estate Income Trust Inc.)

Term; Termination of Agreement. This Agreement shall continue in force for a period of one year from the date hereofJune 13, 2018, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 1 contract

Samples: Advisory Agreement (BLACK CREEK INDUSTRIAL REIT IV Inc.)

Term; Termination of Agreement. This Agreement shall continue in force for a period of one year from the date hereofuntil March 8, 2005, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal agreement shall be for have a term of no more than one year.

Appears in 1 contract

Samples: Advisory Agreement (CNL Income Properties Inc)

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