 How long is the term of the Business Manager Agreement?
The current term of this Agreement began on February 11, 2019 and will end on February 10, 2020, and, thereafter, will continue in force for successive one year periods with the mutual consent of the parties including an affirmative vote of a majority of the Independent Directors. It is the duty of the Board of Directors to evaluate the performance of the Business Manager annually before renewing this Agreement, and each renewal shall be for a term of no more than one year.
no more than one year