Common use of RELATIONSHIP WITH DIRECTORS Clause in Contracts

RELATIONSHIP WITH DIRECTORS. Directors, officers and employees of the Advisor or an Affiliate of the Advisor may serve as Directors, officers or employees of the Company, except that no director, officer or employee of the Advisor or its Affiliates who also is a Director shall receive any compensation from the Company for serving as a Director other than reasonable reimbursement for travel and related expenses incurred in attending meetings of the Board.

Appears in 45 contracts

Samples: Advisory Agreement (Lightstone Value Plus REIT V, Inc.), Advisory Agreement (Lightstone Value Plus REIT V, Inc.), Version Advisory Management Agreement (Behringer Harvard Opportunity REIT I, Inc.)

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RELATIONSHIP WITH DIRECTORS. Directors, officers and employees of the Advisor or an Affiliate of the Advisor or any corporate parents of an Affiliate, or directors, officers or stockholders of any director, officer or corporate parent of an Affiliate may serve as Directors, a Director and as officers or employees of the Company, except that no director, officer or employee of the Advisor or its Affiliates who also is a Director or officer of the Company shall receive any compensation from the Company for serving as a Director or officer other than reasonable reimbursement for travel and related expenses incurred in attending meetings of the BoardDirectors.

Appears in 39 contracts

Samples: Advisory Agreement (Orange Hospitality, INC), Advisory Agreement (Orange REIT, Inc.), Advisory Agreement (Orange REIT, Inc.)

RELATIONSHIP WITH DIRECTORS. Directors, officers and employees of the Advisor or an Affiliate of the Advisor or any corporate parents of an Affiliate, or directors, officers or stockholders of any director, officer or corporate parent of an Affiliate may serve as Directors, a Director and as officers or employees of the Company, except that no director, officer or employee of the Advisor or its Affiliates who also is a Director or officer of the Company shall receive any compensation from the Company for serving as a Director or officer of the Company other than reasonable reimbursement for travel and related expenses incurred in attending meetings of the BoardDirectors of the Company.

Appears in 19 contracts

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

RELATIONSHIP WITH DIRECTORS. Directors, officers and employees of the Advisor or an Affiliate of the Advisor may serve as or any corporate parents of an Affiliate, or Directors, officers or employees stockholders of any director, officer or corporate parent of an Affiliate may serve as a Director and as officers of the Company, except that no director, officer or employee of the Advisor or its Affiliates who also is a Director or officer of the Company shall receive any compensation from the Company for serving as a Director or officer of the Company other than reasonable reimbursement for travel and related expenses incurred in attending meetings of the BoardDirectors of the Company.

Appears in 15 contracts

Samples: Advisory Agreement (Escalate Wealth REIT I), Advisory Agreement (Escalate Wealth REIT I), Advisory Agreement (Escalate Wealth REIT I)

RELATIONSHIP WITH DIRECTORS. Directors, officers and employees of the Advisor or an any Affiliate of the Advisor may serve as Directors, Directors and as officers or employees of the Company; provided that, except that no director, officer or employee of the Advisor or its Affiliates who also is a Director or officer of the Company shall receive any compensation from the Company for serving as a Director or officer of the Company other than reasonable reimbursement for travel and related expenses incurred in attending meetings of the Board.

Appears in 15 contracts

Samples: Advisory Agreement (Paladin Realty Income Properties Inc), Advisory Agreement (Paladin Realty Income Properties Inc), Advisory Agreement (Paladin Realty Income Properties Inc)

RELATIONSHIP WITH DIRECTORS. Directors, officers and employees of the Advisor or an Affiliate of the Advisor may serve as Directors, officers or employees of the Company, except that no director, officer or employee of the Advisor or its Affiliates who also is a Director shall receive any compensation from the Company for serving as a Director other than reasonable reimbursement for travel and related expenses incurred in attending meetings of the BoardBoard of Directors.

Appears in 5 contracts

Samples: Advisory Agreement (Behringer Harvard Reit I Inc), Advisory Agreement (Behringer Harvard Reit I Inc), Advisory Agreement (Behringer Harvard Reit I Inc)

RELATIONSHIP WITH DIRECTORS. Directors, officers and employees of the --------------------------- Advisor or an Affiliate of the Advisor or any corporate parents of an Affiliate, or directors, officers or stockholders of any director, officer or corporate parent of an Affiliate may serve as Directors, a Director and as officers or employees of the Company, except that no director, officer or employee of the Advisor or its Affiliates who also is a Director or officer of the Company shall receive any compensation from the Company for serving as a Director or officer other than reasonable reimbursement for travel and related expenses incurred in attending meetings of the Board.

Appears in 3 contracts

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

RELATIONSHIP WITH DIRECTORS. DirectorsAny director, officers and employees officer or employee of the Advisor or an Advisor, and any Affiliate of the Advisor Advisor, may serve as Directors, officers or employees a Director (other than an Independent Director) and/or as an officer of the Company, except that no director, officer or employee of the Advisor or its Affiliates who also is a Director shall or officer of the Company will receive any compensation from the Company for serving as a Director or officer of the Company, other than reasonable reimbursement for travel and related expenses incurred in attending meetings of the BoardDirectors of the Company.

Appears in 2 contracts

Samples: Advisory Agreement (Wellbrook Properties, Inc.), Advisory Agreement (Wellbrook Properties, Inc.)

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RELATIONSHIP WITH DIRECTORS. Directors, officers and employees of the Advisor or an Affiliate of the Advisor or any corporate parents of an Affiliate, or directors, officers or stockholders of any director, officer or corporate parent of an Affiliate may serve as Directors, a Director and as officers or employees of the Company, except that no director, officer or employee of the Advisor or its Affiliates who also is a Director or officer of the Company shall receive any compensation from the Company for serving as a Director or officer other than reasonable reimbursement for travel and related expenses incurred in attending meetings of the Board.

Appears in 2 contracts

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

RELATIONSHIP WITH DIRECTORS. Directors, officers and employees of the Advisor or an Affiliate of the Advisor may serve as Directors, officers or employees of the Company, except that no director, officer or employee of the Advisor or its Affiliates who also is a Director shall receive any compensation from the Company for serving as a Director other than 70355208v5 reasonable reimbursement for travel and related expenses incurred in attending meetings of the Board.

Appears in 1 contract

Samples: Advisory Management Agreement (Behringer Harvard Opportunity REIT II, Inc.)

RELATIONSHIP WITH DIRECTORS. Directors, officers and employees of the Advisor Adviser or an Affiliate of the Advisor Adviser may serve as Directors, officers or employees of the Company, except that no director, officer or employee of the Advisor Adviser or its Affiliates who also is a Director shall receive any compensation from the Company for serving as a Director other than reasonable reimbursement for travel and related expenses incurred in attending meetings of the Board.

Appears in 1 contract

Samples: Advisory Management Agreement (MacKenzie Realty Capital, Inc.)

RELATIONSHIP WITH DIRECTORS. DirectorsOfficers, officers members, managers and employees of the Advisor or an any Affiliate of the Advisor may serve as Directors, Directors and as officers or employees of the Company; provided, except that no directorofficer, officer member, manager or employee of the Advisor or its Affiliates who also is a Director or officer of the Company shall receive any compensation from the Company for serving as a Director or officer of the Company other than reasonable reimbursement for travel and related expenses incurred in attending meetings of the Board.

Appears in 1 contract

Samples: Advisory Agreement (Landwin REIT Inc)

RELATIONSHIP WITH DIRECTORS. Directors, officers and employees of the Advisor or of an Affiliate of the Advisor or of any corporate parents of the Advisor or an Affiliate may serve as Directors, a Director and as officers or employees of the Company, except that no director, officer or employee of the Advisor Advisor, or its Affiliates or a corporate parent who also is a Director or officer of the Company shall receive any compensation from the Company for serving as a Director or officer of the Company other than reasonable reimbursement for travel and related expenses incurred in attending meetings of the BoardDirectors of the Company.

Appears in 1 contract

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

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