Common use of Exclusion of Certain Transactions Clause in Contracts

Exclusion of Certain Transactions. In the event the Trust or the Controlled Partnership shall propose to enter into any transaction in which an officer or Trustee of the Trust, the Advisor, or any Affiliate of the Trust or the Advisor has a direct or indirect interest, then such transaction shall be approved by a majority of the Board (including a majority of the Independent Trustees).

Appears in 2 contracts

Sources: Investment Advisory Agreement (Fidelity Property Income Trust), Investment Advisory Agreement (Fidelity Property Income Trust)

Exclusion of Certain Transactions. In the event the Trust or the Controlled Operating Partnership shall propose to enter into any transaction in which an officer or Trustee of with the TrustSponsor, the Advisor, a Trustee or any Affiliate of the Trust or the Advisor has a direct or indirect interestthereof, then such transaction ​ shall be approved by a majority of the Board of Trustees (including a majority of the Independent Trustees)) as fair and reasonable to the Trust.

Appears in 1 contract

Sources: Advisory Agreement (Industrial Property Trust)