Example ContractsClausesHighland Capital and Affiliates
Highland Capital and Affiliates
Highland Capital and Affiliates contract clause examples

Affiliates. For purposes of this Agreement, the term “Affiliate” means, with respect to any entity, any other entity Controlling, Controlled by or under common Control with such entity, and the term “Controland its derivatives mean, with regard to any entity, the legal, beneficial or equitable ownership, directly or indirectly, of fifty percent (50%) or more of the capital stock (or other ownership interest, if not a corporation) of such entity ordinarily having voting rights.

Arbors River Oaks Apartments, 225 Arbor Commons Circle, Shelby County, Memphis, Tennessee 38110

SSGT 75 Highland Center Blvd, LLC,

1 On September 30, 2020, the Operating Partnership redeemed the Common Units of the following Limited Partners in accordance with the Agreement: Highland Income Fund, NexPoint Real Estate Strategies Fund, NexPoint Capital, Inc. (formerly NexPoint Capital, LLC) and Highland Global Allocation Fund. The number of Common Units redeemed by the Operating Partnership were equal to the number held by each Limited Partner as shown in the First Amendment, as modified by a transfer on March 27, 2020 by NexPoint Capital REIT, LLC of 115,694.15 Common Units to NexPoint Capital, Inc.

Schedule # A – Page 1

Affiliates. The Borrower will not, nor will it permit any of its Subsidiaries to, enter into any transaction (including, without limitation, the purchase or sale of any Property or service) with, or make any payment or transfer to, any Affiliate which is not a member of the Consolidated Group except upon fair and reasonable terms no less favorable to the Borrower or such Subsidiary than the Borrower or such Subsidiary would obtain in a comparable arms-length transaction, but excluding in all events any such transactions, payments or transfers which are # disclosed in filings made by the Borrower with the Securities and Exchange Commission, # related to any internalization of the business management services currently provided to the Borrower by the Advisor or the Property Manager or any similar transactions, or # permitted by [Section 6.22].

Arbors River Oaks Apartments, 225 Arbor Commons Circle, Shelby County, Memphis, Tennessee 38110

6151 Wilson Mills Road, Suite 310 Highland Heights, OH 44143 Attention: Timothy J. Kincaid

Arbors River Oaks Apartments, 225 Arbor Commons Circle, Shelby County, Memphis, Tennessee 38110

HIGHLAND HEALTHCARE AND REHABILITATION CENTER, LLC

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