Advisor definition
Examples of Advisor in a sentence
If the Advisor elects to receive any portion of its Management Fee in Class E Common Shares or Class E Operating Partnership Units, the Advisor may elect to have the Trust or the Operating Partnership repurchase or redeem, as applicable, such Common Shares and/or Operating Partnership Units from the Advisor at a later date at a repurchase price per Common Share equal to the then NAV per Common Share of such class.
The Trust and the Operating Partnership acknowledges and agrees that, in addition to any damages, the Advisor may be entitled to equitable relief for any violation of this Section 20 by the Trust, including, without limitation, injunctive relief.
All Organization and Offering Expenses (other than Upfront Sales Loads and Shareholder Servicing Fees) and any of the costs and expenses of the Trust contemplated by Section 11(b) above paid by the Advisor pursuant to this Section 11(e) shall be reimbursed by the Trust to the Advisor in 60 equal monthly installments commencing with the first anniversary of the Effective Date.
The Advisor shall maintain, or shall cause to be maintained, appropriate records of its activities hereunder and make such records, or shall cause such records to be made, available for inspection by the Board and by counsel, auditors and authorized agents of the Trust, at any time or from time to time during normal business hours.
The Trust and the Operating Partnership, on the one hand, and the Advisor, on the other, are not partners or joint venturers with each other, and nothing in this Agreement shall be construed to make them such partners or joint venturers or impose any liability as such on either of them.