Examples of Colony American Homes REIT in a sentence
The Manager agrees that any money or other property of Colony American Homes REIT or any of its Subsidiaries held by the Manager under this Agreement shall be held by the Manager as custodian for Colony American Homes REIT or any of its Subsidiaries, and the Manager’s records shall be appropriately marked clearly to reflect the ownership of such money or other property by Colony American Homes REIT or any such Subsidiary.
None of the officers or employees of the Manager will be dedicated exclusively to Colony American Homes REIT, except for any such officer or employee who may be seconded exclusively to Colony American Homes REIT pursuant to a secondment arrangement with the Manager.
Colony American Homes REIT desires to continue to retain the Manager to provide certain management and advisory services on the terms and conditions hereinafter set forth, and the Manager desires to be retained to provide such services upon the terms and conditions hereof.
Notwithstanding anything to the contrary included herein, at or around the completion of the Initial Public Offering, Colony American Homes REIT or its Subsidiaries, as applicable, shall pay the Manager all fees and expenses incurred pursuant to the Original Agreement through the date hereof.
Colony American Homes REIT shall indemnify the Manager and its officers, directors, personnel, and managers against any and all expenses, losses, damages, liabilities, demands, charges and claims of any nature whatsoever, which arise in connection with the Manager’s release of such money or other property to Colony American Homes REIT or any of its Subsidiaries in accordance with the terms of this Section 17.
The Base Management Fee is payable independent of the performance of Colony American Homes REIT or the Investments.
The Manager and its Affiliates shall provide reasonable access to their respective investment professionals in order to support the day-to-day operations of Colony American Homes REIT and its Subsidiaries.
Colony American Homes REIT may elect not to renew this Agreement upon the expiration of the Initial Term or any Renewal Term pursuant to the preceding sentence upon at least 180 days’ prior written notice to the Manager (the “Termination Notice”).
Upon receipt by Colony American Homes REIT of a Notice of Proposal to Negotiate, the Board of Directors, including a majority of the Independent Directors, and the Manager shall endeavor to negotiate in good faith the revised compensation payable to the Manager under this Agreement.
Colony American Homes REIT and the Manager agree to execute and deliver an amendment to this Agreement setting forth such revised compensation promptly upon reaching an agreement regarding the same.