Independent Director

Independent Director. A Director who is not and within the last two years has not been directly or indirectly associated with the Advisor by virtue of (i) ownership of an interest in the Advisor or its Affiliates, (ii) employment by the Advisor or its Affiliates, (iii) service as an officer or director of the Advisor or its Affiliates, (iv) performance of services, other than as a Director, for the Company, (v) service as a director or trustee of more than three real estate investment trusts advised by the Advisor,... or (vi) maintenance of a material business or professional relationship with the Advisor or any of its Affiliates. A business or professional relationship is considered material if the gross revenue derived by the Director from the Advisor and Affiliates exceeds 5% of either the Director's annual gross revenue during either of the last two years or the Director's net worth on a fair market value basis. An indirect relationship shall include circumstances in which a Director's spouse, parents, children, siblings, mothers- or fathers-in-law, sons- or daughters-in-law, or brothers- or sisters-in-law is or has been associated with the Advisor, any of its Affiliates, or the Company. View More

Independent Director. Means a Director who is not an Employee of the Company.

Independent Director. A member of the Board who is not an Employee of the Company.

Independent Director. A Director who is not an Employee and who qualifies as (i) a "Non-Employee Director" under Rule 16b-3(b)(3) under the Exchange Act, (ii) an "outside director" under Section 162(m) of the Code, and (iii) an "Independent Director" under the rules and listing standards adopted by the New York Stock Exchange

Independent Director. A Director of the Company who is not also an Employee of the Company and who qualifies as an "outside director' for purposes of Code Section 162(m), and/or as a "Non-Employee Director" for purposes of Section 16(b) of the Exchange Act

Independent Director. A Director who is not an Employee and who is intended to qualify as (i) a 'non-employee director' under Rule 16b-3(b)(3) under the Exchange Act, (ii) an 'outside director' under Section 162(m) of the Code, and (iii) an 'independent director' under the rules and listing standards adopted by the New York Stock Exchange or any other exchange upon which the Company's common stock is listed for trading.

Independent Director. For purposes of this Agreement, "Independent Director" means a member of the Board who is not a party to the Proceeding for which a claim is made under this Agreement.

Independent Director. Means each Director of the Company who is (i) not an Employee of the Company, (ii) is not acting in the capacity of a Consultant to the Company, and (iii) cannot exercise, individually or in affiliation with any entity or group of entities that exercises, voting control over more than 20% of the Company's voting stock. 4

Independent Director. A Director who is not an Employee of the Company and who qualifies as "independent" within the meaning of NASD Rule 4200(a)(14), if the Company's securities are traded on the Nasdaq National Market, or the requirements of any other established stock exchange on which the Company's securities are traded, as such rules or requirements may be amended from time to time.

Independent Director. Means a Director who is not an Employee and who qualifies as an Independent Director under the applicable rules of Nasdaq (and/or the similar rules of any other stock exchange(s) on which the Company's securities become publicly traded).