Common use of Asset Management Services Clause in Contracts

Asset Management Services. The Advisor shall (or shall retain other Persons to): (i) Investigate, select, and, on behalf of the Company, engage and conduct business with such Persons as the Advisor deems necessary to the proper performance of its obligations hereunder, including but not limited to consultants, accountants, lenders, technical advisors, attorneys, brokers, underwriters, corporate fiduciaries, escrow agents, depositaries, custodians, agents for collection, insurers and insurance agents and any and all Persons acting in any other capacity deemed by the Advisor necessary or desirable for the performance of any of the foregoing services; (ii) Monitor applicable markets and obtain reports (which may be prepared by the Advisor or its Affiliates) where appropriate, concerning the value of investments of the Company; (iii) Monitor and evaluate the performance of investments of the Company; (iv) Provide daily management services to the Company and perform and supervise the various management and operational functions related to the Company’s investments; (v) Supervise, monitor and evaluate the performance of Sub-Advisors and individual investments in accordance with the Company’s investment policies and objectives; (vi) Coordinate and manage relationships between the Company and any joint venture partners; (vii) Provide portfolio management functions; (viii) Oversee, monitor and asset manage in-place portfolio assets in each of the regions in which the Sub-Advisors operate; (ix) Evaluate the Company’s investments to ensure such investments meet the Company’s impact objectives and regularly monitor and report on the economic, social and/or environmental impact of the Company’s investments; (x) Enforce rights and recourse of the Company granted pursuant to investment documents where appropriate; (xi) Supervise, monitor and evaluate the performance of investments and collateral assets; (xii) Evaluate the Company’s investments to ensure such investments meet the Company’s environmental, social and governance (ESG) criteria and regularly monitor and report on the ESG practices; and (xiii) Pursue transaction modifications.

Appears in 5 contracts

Sources: Advisory Agreement (TriLinc Global Impact Fund LLC), Advisory Agreement (TriLinc Global Impact Fund LLC), Advisory Agreement (TriLinc Global Impact Fund LLC)

Asset Management Services. The Sub-Advisor shall (or shall retain other Persons to):shall, subject to the direction of the NSAM Sub-Advisor: (i) Investigate, select, and, on behalf of the CompanyNSAM Sub-Advisor, engage and conduct business with such Persons as the Sub-Advisor deems necessary to the proper performance of its obligations hereunder, including but not limited to consultants, accountants, lenders, technical advisors, attorneys, brokers, underwriters, corporate fiduciaries, escrow agents, depositaries, custodians, agents for collection, insurers and insurers, insurance agents agents, developers, construction companies, contractors, sub-contractors, Property Managers and any and all Persons acting in any other capacity deemed by the Sub-Advisor necessary or desirable for the performance of any of the foregoing services; (ii) Monitor applicable markets and obtain reports (which may be prepared by the Advisor or its Affiliates) where appropriate, concerning the value and condition of investments Investments of the Company; (iii) Monitor and evaluate the performance of investments Investments of the Company; (iv) Provide , provide daily management services to the Company in respect of such Investments and perform and supervise the various management and operational functions related to the Company’s investmentsInvestments; (iv) Formulate and oversee the implementation of strategies for the administration, promotion, management, operation, maintenance, improvement, redevelopment, repositioning, financing and refinancing, marketing, leasing and disposition of Investments on an overall portfolio basis; (v) Supervise, monitor Oversee the performance by the Property Managers of their duties; (vi) Conduct periodic on-site property visits of the Properties to inspect the physical condition of the Properties and to evaluate the performance of Sub-Advisors the Property Managers. (vii) Review, analyze and individual investments in accordance with comment upon the operating budgets, capital budgets and leasing plans prepared and submitted by each Property Manager or owner, operator or borrower and aggregate these property budgets into the Company’s investment policies and objectivesoverall budget; (viviii) Engage and coordinate with any third-party Property Manager, operators and borrowers; (ix) Coordinate and manage relationships between the Company and any joint venture Joint Venture partners; (vii) Provide portfolio management functions; (viii) Oversee, monitor and asset manage in-place portfolio assets in each of the regions in which the Sub-Advisors operate; (ix) Evaluate the Company’s investments to ensure such investments meet the Company’s impact objectives and regularly monitor and report on the economic, social and/or environmental impact of the Company’s investments; (x) Enforce rights Provide financial and recourse of the Company granted pursuant to operational planning services and investment documents where appropriate;portfolio management functions; and (xi) Supervise, Provide quarterly portfolio management presentations and other reporting support necessary to enable the NSAM Sub-Advisor to monitor and evaluate give directions to the performance Sub-Advisor, including for the purposes of investments public reporting, and collateral assets; (xii) Evaluate provide such presentations to the Company’s investments to ensure such investments meet the Company’s environmentalBoard, social and governance (ESG) criteria and regularly monitor and report on the ESG practices; and (xiii) Pursue transaction modificationsif requested.

Appears in 4 contracts

Sources: 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.)

Asset Management Services. The Advisor shall (or shall retain other Persons to):shall: (i) Investigateserve as the Company’s investment and financial advisor and obtain certain market research and economic and statistical data in connection with the Investments and investment objectives and policies; (ii) investigate, select, select and, on behalf of the Company, engage and conduct business with such Persons as the Advisor deems necessary to the proper performance of its obligations hereunder, including including, but not limited to to, consultants, accountants, lenders, technical advisors, attorneys, brokers, underwriters, corporate fiduciaries, escrow agents, depositaries, custodians, agents for collection, insurers and insurers, insurance agents agents, developers, construction companies, Property Managers and any and all Persons acting in any other capacity deemed by the Advisor necessary or desirable for the performance of any of the foregoing services; (iiiii) Monitor monitor applicable markets and obtain reports (which may be prepared by where appropriate in the Advisor or its Affiliates) where appropriatejudgment of the Advisor, concerning the value of investments of the CompanyInvestments; (iiiiv) Monitor monitor and evaluate the performance of investments of the Company; (iv) Provide Investments, provide daily investment management services to the Company and perform and supervise the various investment management and operational functions related to the Company’s investmentsInvestments; (v) Superviseformulate and oversee the implementation of strategies for the administration, monitor promotion, management, operation, maintenance, improvement, financing and evaluate the performance refinancing, marketing, leasing and disposition of Sub-Advisors and individual investments in accordance with the Company’s investment policies and objectivesInvestments on an overall portfolio basis; (vi) Coordinate oversee the performance by the Property Managers of their duties, including collection and proper deposits of rental payments and payment of Real Estate Asset expenses and maintenance; (vii) conduct periodic on-site property visits (as the Advisor deems reasonably necessary) to some or all of the Real Estate Assets to inspect the physical condition of the Real Estate Assets and to evaluate the performance of the Property Managers; (viii) review, analyze and comment upon the operating budgets, capital budgets and leasing plans prepared and submitted by each Property Manager and aggregate these property budgets into the Company’s overall budget; (ix) coordinate and manage relationships between the Company and any joint venture Joint Venture partners; (vii) Provide portfolio management functions; (viii) Oversee, monitor and asset manage in-place portfolio assets in each of the regions in which the Sub-Advisors operate; (ix) Evaluate the Company’s investments to ensure such investments meet the Company’s impact objectives and regularly monitor and report on the economic, social and/or environmental impact of the Company’s investments;; and (x) Enforce rights provide financial and recourse operational planning services and investment portfolio management functions, including, without limitation, the planning and implementation of the Company granted pursuant to investment documents where appropriate; (xi) Supervise, monitor and evaluate the performance of investments and collateral assets; (xii) Evaluate establishing the Company’s investments net asset value and obtaining appraisals and valuations with respect to ensure such investments meet the Company’s environmental, social and governance (ESG) criteria and regularly monitor and report on the ESG practices; and (xiii) Pursue transaction modificationsInvestments.

Appears in 3 contracts

Sources: Advisory Agreement (Procaccianti Hotel Reit, Inc.), Advisory Agreement (Procaccianti Hotel Reit, Inc.), Advisory Agreement (Procaccianti Hotel Reit, Inc.)

Asset Management Services. The Sub-Advisor shall (or shall retain other Persons to):shall, subject to the direction of the Colony NorthStar Sub-Advisor: (i) Investigate, select, and, on behalf of the CompanyColony NorthStar Sub-Advisor, engage and conduct business with such Persons as the Sub-Advisor deems necessary to the proper performance of its obligations hereunder, including but not limited to consultants, accountants, lenders, technical advisors, attorneys, brokers, underwriters, corporate fiduciaries, escrow agents, depositaries, custodians, agents for collection, insurers and insurers, insurance agents agents, developers, construction companies, contractors, sub-contractors, Property Managers and any and all Persons acting in any other capacity deemed by the Sub-Advisor necessary or desirable for the performance of any of the foregoing services; (ii) Monitor applicable markets and obtain reports (which may be prepared by the Advisor or its Affiliates) where appropriate, concerning the value and condition of investments Investments of the Company; (iii) Monitor and evaluate the performance of investments Investments of the Company; (iv) Provide , provide daily management services to the Company in respect of such Investments and perform and supervise the various management and operational functions related to the Company’s investmentsInvestments; (iv) Formulate and oversee the implementation of strategies for the administration, promotion, management, operation, maintenance, improvement, redevelopment, repositioning, financing and refinancing, marketing, leasing and disposition of Investments on an overall portfolio basis; (v) Supervise, monitor Oversee the performance by the Property Managers of their duties; (vi) Conduct periodic on-site property visits of the Properties to inspect the physical condition of the Properties and to evaluate the performance of Sub-Advisors the Property Managers. (vii) Review, analyze and individual investments in accordance with comment upon the operating budgets, capital budgets and leasing plans prepared and submitted by each Property Manager or owner, operator or borrower and aggregate these property budgets into the Company’s investment policies and objectivesoverall budget; (viviii) Engage and coordinate with any third-party Property Manager, operators and borrowers; (ix) Coordinate and manage relationships between the Company and any joint venture Joint Venture partners; (vii) Provide portfolio management functions; (viii) Oversee, monitor and asset manage in-place portfolio assets in each of the regions in which the Sub-Advisors operate; (ix) Evaluate the Company’s investments to ensure such investments meet the Company’s impact objectives and regularly monitor and report on the economic, social and/or environmental impact of the Company’s investments; (x) Enforce rights Provide financial and recourse of the Company granted pursuant to operational planning services and investment documents where appropriate;portfolio management functions; and (xi) Supervise, Provide quarterly portfolio management presentations and other reporting support necessary to enable the Colony NorthStar Sub-Advisor to monitor and evaluate give directions to the performance Sub-Advisor, including for the purposes of investments public reporting, and collateral assets; (xii) Evaluate provide such presentations to the Company’s investments to ensure such investments meet the Company’s environmentalBoard, social and governance (ESG) criteria and regularly monitor and report on the ESG practices; and (xiii) Pursue transaction modificationsif requested.

Appears in 1 contract

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