Approved Deal definition

Approved Deal means any acquisition of Real Property or other Asset (as defined in the Amended and Restated Advisory Agreement), development or redevelopment, investment in loans or similar assets, project or other transaction or series of related transactions, (i) which shall have been approved by the MF REIT Board prior to the Self-Management Closing regardless of whether subject to conditions or only within certain values, amounts or other limitations, and irrespective of whether a final budget has been approved by the MF REIT Board or an Approved Deal LPA has been entered into, for which Advisor would be entitled to fees under Section 3.01(b) and/or Section 3.01(e) of the Amended and Restated Advisory Agreement (assuming any other conditions to payment have been satisfied) and for which such fees shall not have been paid as of the Self-Management Closing, in each case assuming the effectiveness of the Advisory Agreement, or (ii) for which Advisor has been paid Acquisition and Advisory Fees and/or Development Fees pursuant to the Advisory Agreement prior to the Self-Management Closing.
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Examples of Approved Deal in a sentence

  • On every six (6) month anniversary of the respective date on which each such Approved Deal LPA was entered into and finally on completion of the applicable development or redevelopment project there will be a true-up of the respective Development Fees consistent with past practice; provided, that MF REIT may, at its option, defer any such true-up prior to the final completion of the development or redevelopment project if the true-up involves an immaterial amount.

  • For the avoidance of doubt, any Advisory Fees and Expenses with respect to an Approved Deal that are payable with respect to the period before the Self-Management Closing shall be included in the Pre-Closing Advisory Fees and Expenses Schedule delivered in connection with the Self-Management Closing.

  • For the avoidance of doubt, Advisor shall in no event be entitled to receive both a Development Fee and an Acquisition and Advisory Fee with respect to the same Approved Deal.

  • With respect to each Approved Deal for which MF REIT must pay Acquisition and Advisory Fees or Development Fees as contemplated by Section 6.1(a) or (b), MF REIT shall also concurrently pay Acquisition Expenses (based on the purchase price or estimated development costs, as applicable) to Advisor with respect to such Approved Deal, as though the Amended and Restated Advisory Agreement remained in full force and effect with respect to such Approved Deal following the Self-Management Closing.

  • For the avoidance of doubt, Advisor shall in no event be entitled to receive both an Acquisition and Advisory Fee and a Development Fee with respect to the same Approved Deal.