Changes to Fee Structure. The Advisor and the Company shall not agree to reduce the Subordinated Share of Cash Flows Threshold, the Subordinated Incentive Fee Threshold or the Termination Fee Threshold without the approval of Stockholders holding a majority of the Shares. In the event of Listing, the Company and the Advisor shall negotiate in good faith to establish a fee structure appropriate for a perpetual-life entity.
Appears in 14 contracts
Sources: Advisory Agreement (Pacific Oak Strategic Opportunity REIT, Inc.), Advisory Agreement (Pacific Oak Strategic Opportunity REIT, Inc.), Advisory Agreement (Pacific Oak Strategic Opportunity REIT, Inc.)
Changes to Fee Structure. The Advisor and the Company shall not agree to reduce the Subordinated Share of Cash Flows Threshold, the Subordinated Incentive Fee Threshold or the Termination Fee Threshold without (a) the approval of the Conflicts Committee or (b) the approval of Stockholders holding a majority of the Shares. In the event of Listing, the Company and the Advisor shall negotiate in good faith to establish a fee structure appropriate for a perpetual-life entity.
Appears in 3 contracts
Sources: Advisory Agreement (Pacific Oak Strategic Opportunity REIT, Inc.), Advisory Agreement (Pacific Oak Strategic Opportunity REIT, Inc.), Advisory Agreement (Pacific Oak Strategic Opportunity REIT, Inc.)
Changes to Fee Structure. The Advisor and the Company shall not agree to reduce the Subordinated Share of Cash Flows Threshold, the Subordinated Incentive Fee Threshold or the Termination Fee Threshold without the approval of Stockholders holding a majority of the Shares. In the event of Listing, the Company and the Advisor shall negotiate in good faith to establish a fee structure appropriate for a perpetual-life entity.
Appears in 3 contracts
Sources: Advisory Agreement (Independence Mortgage Trust, Inc.), Advisory Agreement (Independence Mortgage Trust, Inc.), Advisory Agreement (Independence Mortgage Trust, Inc.)