Common use of Key Persons Clause in Contracts

Key Persons. The Sub-Advisor agrees to make two of the following three employees, Xxxxx X. Xxxxxxx, Xxxxxxx Xxxxxx and Xxxxx X. Xxxxxxx (each, a “Sub-Advisor Key Employee” and collectively, the “Sub-Advisor Key Employees”) available to provide ongoing non-exclusive services (consistent with this Agreement) for the benefit of the NSAM Sub-Advisor during the term of this Agreement. The NSAM Sub-Advisor acknowledges that such Sub-Advisor Key Employees will be providing services to other investment programs managed by the Sub-Advisor and its Affiliates; provided, that such services will not materially interfere with the services to be provided to the NSAM Sub-Advisor. In the event that a Sub-Advisor Key Employee shall no longer be employed by or affiliated with the Sub-Advisor or its Affiliates or shall become otherwise unavailable (other than as a result of reassignment of such Sub-Advisor Key Employee or similar action), the Sub-Advisor shall designate a replacement Sub-Advisor Key Employee; provided, that such designation shall be subject to the prior written consent of the NSAM Sub-Advisor, which consent shall not be unreasonably withheld or delayed.

Appears in 4 contracts

Samples: Sub Advisory Agreement (NorthStar/RXR New York Metro Real Estate, Inc.), Sub Advisory Agreement (NorthStar/RXR New York Metro Income, Inc.), Sub Advisory Agreement (NorthStar/RXR New York Metro Income, Inc.)

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Key Persons. The Sub-Advisor agrees to make two of the following three employees, Xxxxx X. Xxxxxxx, Xxxxxxx Xxxxxx and Xxxxx X. Xxxxxxx (each, a “Sub-Advisor Key Employee” and collectively, the “Sub-Advisor Key Employees”) available to provide ongoing non-exclusive services (consistent with this Agreement) for the benefit of the NSAM Colony NorthStar Sub-Advisor during the term of this Agreement. The NSAM Colony NorthStar Sub-Advisor acknowledges that such Sub-Advisor Key Employees will be providing services to other investment programs managed by the Sub-Advisor and its Affiliates; provided, that such services will not materially interfere with the services to be provided to the NSAM Colony NorthStar Sub-Advisor. In the event that a Sub-Advisor Key Employee shall no longer be employed by or affiliated with the Sub-Advisor or its Affiliates or shall become 24 NY 246401230v5 otherwise unavailable (other than as a result of reassignment of such Sub-Advisor Key Employee or similar action), the Sub-Advisor shall designate a replacement Sub-Advisor Key Employee; provided, that such designation shall be subject to the prior written consent of the NSAM Colony NorthStar Sub-Advisor, which consent shall not be unreasonably withheld or delayed.. 12.05

Appears in 1 contract

Samples: Sub Advisory Agreement

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Key Persons. The Sub-Advisor agrees to make two of the following three employees, Xxxxx X. Xxxxxxx, Xxxxxxx Xxxxxx and Xxxxx X. Xxxxxxx (each, a “Sub-Advisor Key Employee” and collectively, the “Sub-Advisor Key Employees”) available to provide ongoing non-exclusive services (consistent with this Agreement) for the benefit of the NSAM Colony NorthStar Sub-Advisor during the term of this Agreement. The NSAM Colony NorthStar Sub-Advisor acknowledges that such Sub-Advisor Key Employees will be providing services to other investment programs managed by the Sub-Advisor and its Affiliates; provided, that such services will not materially interfere with the services to be provided to the NSAM Colony NorthStar Sub-Advisor. In the event that a Sub-Advisor Key Employee shall no longer be employed by or affiliated with the Sub-Advisor or its Affiliates or shall become NY 246401230v5 otherwise unavailable (other than as a result of reassignment of such Sub-Advisor Key Employee or similar action), the Sub-Advisor shall designate a replacement Sub-Advisor Key Employee; provided, that such designation shall be subject to the prior written consent of the NSAM Colony NorthStar Sub-Advisor, which consent shall not be unreasonably withheld or delayed.

Appears in 1 contract

Samples: Sub Advisory Agreement (NorthStar/RXR New York Metro Real Estate, Inc.)

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