Common use of Term; Renewal Clause in Contracts

Term; Renewal. Subject to Section 4.02 hereof, this Agreement has a one-year term and shall continue in force until the first anniversary of the date hereof. Thereafter, this Agreement may be renewed for an unlimited number of successive one-year terms upon mutual consent of the parties. It is the Board’s duty to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 23 contracts

Samples: Fourth Amended and Restated Advisory Agreement (Carter Validus Mission Critical REIT II, Inc.), Third Amended and Restated Advisory Agreement (Carter Validus Mission Critical REIT II, Inc.), Third Amended and Restated Advisory Agreement (Carter Validus Mission Critical REIT, Inc.)

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Term; Renewal. Subject to Section 4.02 hereof, this Agreement has a one-year term and shall continue in force until the first anniversary of the date hereof. Thereafter, this Agreement may be renewed for an unlimited number of successive one-year terms upon mutual consent of the parties. It is the Board’s duty of the Board to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 22 contracts

Samples: Registration Rights Agreement (Behringer Harvard Reit I Inc), Advisory Management Agreement (Behringer Harvard Multifamily Reit I Inc), Advisory Management Agreement (Behringer Harvard Multifamily Reit I Inc)

Term; Renewal. Subject to Section 4.02 hereof, this Agreement has a one-year term and shall continue in force until the first anniversary of the date hereof. Thereafter, this Agreement may be renewed for an unlimited number of successive one-year terms upon mutual consent of the parties. It is the Board’s duty Duty to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 20 contracts

Samples: Advisory Agreement (Cole Credit Property Trust V, Inc.), Advisory Agreement (Cole Credit Property Trust V, Inc.), Advisory Agreement (Cole Office & Industrial REIT (CCIT II), Inc.)

Term; Renewal. Subject to Section 4.02 hereof, this Agreement has a one-year term and shall continue in force until the first anniversary of the date hereof. Thereafter, this Agreement may be renewed for an unlimited number of successive one-year terms upon mutual consent of the parties. It is the Board’s duty of the Board of Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 11 contracts

Samples: Advisory Agreement (Cole Credit Property Trust Inc), Advisory Agreement (Behringer Harvard Reit I Inc), Form of Advisory Agreement (Cole Credit Property Trust II Inc)

Term; Renewal. Subject to Section 4.02 hereof, this Agreement has a one-year term and shall continue in force until the first anniversary of the date hereof. Thereafter, this Agreement may be renewed for an unlimited number of successive one-year terms upon mutual consent of the parties. It is the Board’s duty of the Board to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 4 contracts

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

Term; Renewal. Subject to Section 4.02 hereof, this Agreement has a one-year term and shall continue in force until the first anniversary of the date hereof. Thereafter, this Agreement may shall automatically be renewed for an unlimited number of successive one-year terms upon mutual consent of the partiesunless terminated as provided in Section 4.02. It is the Board’s duty to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one yearManager annually.

Appears in 4 contracts

Samples: Management Agreement (MogulREIT II, Inc.), Management Agreement (MogulREIT II, Inc.), Management Agreement (MogulREIT II, Inc.)

Term; Renewal. Subject to Section 4.02 hereofbelow, this Agreement has a one-year term and shall continue in force until the first anniversary of for one year from the date hereof. Thereafter, this Agreement may be renewed for an unlimited number of successive one-year terms upon mutual consent of the parties. It is the Board’s duty of the Board to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 3 contracts

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

Term; Renewal. Subject to Section 4.02 hereof, this Agreement has a one-year term and shall continue in force until the first anniversary of the date hereofexpiring November 30, 2013. Thereafter, this Agreement may be renewed for an unlimited number of successive one-year terms upon mutual consent of the parties. It is the Board’s duty Duty to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 3 contracts

Samples: Amended and Restated Advisory Agreement (Cole Real Estate Income Strategy (Daily Nav), Inc.), Advisory Agreement (Cole Real Estate Income Strategy (Daily Nav), Inc.), Advisory Agreement (Cole Real Estate Income Strategy (Daily Nav), Inc.)

Term; Renewal. Subject to Section 4.02 hereof, this Agreement has a one-year term and shall continue in force until the first anniversary of the date hereof[ , 2009]. Thereafter, this Agreement may be renewed for an unlimited number of successive one-year terms upon mutual consent of the parties. It is the Board’s duty Duty to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 3 contracts

Samples: Advisory Agreement (Cole Credit Property Trust III, Inc.), Advisory Agreement (Cole Retail Income Trust, Inc.), Advisory Agreement (Cole Credit Property Trust III, Inc.)

Term; Renewal. Subject to Section 4.02 hereof, this Agreement has a one-year term and shall continue in force until the first anniversary of the date hereof. Thereafter, this Agreement may be renewed for an unlimited number of successive one-year terms upon mutual consent of the parties. It is the Board’s duty to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.year.4.02

Appears in 2 contracts

Samples: Advisory Agreement (Cole Office & Industrial REIT (CCIT III), Inc.), Advisory Agreement (Cole Office & Industrial REIT (CCIT III), Inc.)

Term; Renewal. Subject to Section 4.02 hereof, this Agreement has a one-year term and shall continue in force until one year from the first anniversary of the date hereofEffective Date. Thereafter, this Agreement may be renewed for an unlimited number of successive one-year terms upon mutual consent of the parties. It is the Board’s duty of the Board to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 2 contracts

Samples: Advisory Management Agreement (Adaptive Real Estate Income Trust, Inc.), Advisory Management Agreement (Behringer Harvard Multifamily REIT II, Inc.)

Term; Renewal. Subject to Section 4.02 hereof, this Agreement has a one-year term and shall continue in force until the first anniversary of the date hereofJanuary 4, 2012. Thereafter, this Agreement may be renewed for an unlimited number of successive one-year terms upon mutual consent of the parties. It is the Board’s duty of the Board to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 2 contracts

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

Term; Renewal. Subject to Section 4.02 hereofbelow, this Agreement has a one-year term and shall continue in force until the first anniversary of the date hereof. Thereafterthrough and including June 30, 2023, this Agreement may be renewed for an unlimited number of successive one-year terms upon mutual consent of the parties. It is the Board’s duty of the Board to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 2 contracts

Samples: Advisory Agreement (Lightstone Value Plus REIT V, Inc.), Advisory Agreement (Lightstone Value Plus REIT V, Inc.)

Term; Renewal. Subject to Section 4.02 hereofbelow, this Agreement has a one-year term and shall continue in force until the first anniversary of the date hereofJune 6, 2016. Thereafter, this Agreement may be renewed for an unlimited number of successive one-year terms upon mutual consent of the parties. It is the Board’s duty of the Board to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.. First Amendment to Fourth Amended and Restated Advisory Management Agreement

Appears in 1 contract

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

Term; Renewal. Subject to Section 4.02 hereofbelow, this Agreement has a one-year term and shall continue in force until the first anniversary of the date hereofJune 6, 2017. Thereafter, this Agreement may be renewed for an unlimited number of successive one-year terms upon mutual consent of the parties. It is the Board’s duty of the Board to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 1 contract

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

Term; Renewal. Subject to Section 4.02 hereofbelow, this Agreement has a one-year term and shall continue in force until the first anniversary of the date hereofJune 10, 2020. Thereafter, this Agreement may be renewed for an unlimited number of successive one-year terms upon mutual consent of the parties. It is the Board’s duty of the Board to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 1 contract

Samples: Advisory Agreement (Lightstone Value Plus Real Estate Investment Trust V, Inc.)

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Term; Renewal. Subject to Section 4.02 hereof, this Agreement has a one-year term and shall continue in force until the first anniversary of the date hereofJanuary 4, 2011. Thereafter, this Agreement may be renewed for an unlimited number of successive one-year terms upon mutual consent of the parties. It is the Board’s duty of the Board to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 1 contract

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

Term; Renewal. Subject to Section 4.02 hereof, this Agreement has a one-year term and shall continue in force until the first anniversary of the date hereofits effective date. Thereafter, this Agreement may be renewed for an unlimited number of successive one-year terms upon mutual consent of the parties. It is the Board’s duty of the Board to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 1 contract

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

Term; Renewal. Subject to Section 4.02 hereof, this Agreement has a one-year term and shall continue in force until the first anniversary of the date hereofits Effective Date. Thereafter, this Agreement may be renewed for an unlimited number of successive one-year terms upon mutual consent of the parties. It is the Board’s duty of the Board to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 1 contract

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

Term; Renewal. Subject to Section 4.02 hereof, this Agreement has a one-year term and shall continue in force until the first anniversary of the date hereofJanuary 4, 2010. Thereafter, this Agreement may be renewed for an unlimited number of successive one-year terms upon mutual consent of the parties. It is the Board’s duty of the Board to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 1 contract

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

Term; Renewal. Subject to Section 4.02 hereof, this Agreement has a one-year term and shall continue in force until the first anniversary of the date hereofJune 6, 2015. Thereafter, this Agreement may be renewed for an unlimited number of successive one-year terms upon mutual consent of the parties. It is the Board’s duty of the Board to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 1 contract

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

Term; Renewal. Subject to Section 4.02 hereof, this Agreement has a one-year term and shall continue in force until the first anniversary of the date hereofJuly 1, 2011. Thereafter, this Agreement may be renewed for an unlimited number of successive one-year terms upon mutual consent of the parties. It is the Board’s duty of the Board to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 1 contract

Samples: Advisory Management Agreement (Behringer Harvard Multifamily Reit I Inc)

Term; Renewal. Subject to Section 4.02 hereof, this Agreement has a one-year term and shall continue in force until the first anniversary of the date hereofApril 1, 2010. Thereafter, this Agreement may be renewed for an unlimited number of successive one-year terms upon mutual consent of the parties. It is the Board’s duty of the Board to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 1 contract

Samples: Advisory Management Agreement (Behringer Harvard Multifamily Reit I Inc)

Term; Renewal. Subject to Section 4.02 hereof, this Agreement has a one-year term and shall continue in force until the first anniversary of the date hereofexpiring November 30, 2019. Thereafter, this Agreement may be renewed for an unlimited number of successive one-year terms upon mutual consent of the parties. It is the Board’s duty Duty to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 1 contract

Samples: Second Amended And (Cole Real Estate Income Strategy (Daily Nav), Inc.)

Term; Renewal. Subject to Section 4.02 hereof4.02, this Agreement has a one-year term and shall continue in force until the first anniversary of the date hereofMay 15, 2016. Thereafter, this Agreement may be renewed for an unlimited number of successive one-year terms upon mutual consent of the parties. It is the Board’s duty of the Board to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 1 contract

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

Term; Renewal. Subject to Section 4.02 hereof4.02, this Agreement has a one-year term and shall continue in force until the first anniversary of the date hereofits Effective Date. Thereafter, this Agreement may be renewed for an unlimited number of successive one-year terms upon mutual consent of the parties. It is the Board’s duty of the Board to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

Appears in 1 contract

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

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