Common use of Appointment of PECO Clause in Contracts

Appointment of PECO. (a) Owner hereby engages and retains PECO as the sole and exclusive manager of each Property for which a Property Addendum is executed with respect to the property management function to perform such functions as are specified herein and/or on the Property Addendum related to each such Property. PECO hereby accepts such appointment.

Appears in 6 contracts

Samples: Leasing and Construction Management Agreement (Phillips Edison - ARC Grocery Center REIT II, Inc.), Leasing and Construction Management Agreement (Phillips Edison - ARC Shopping Center REIT Inc.), And Construction Management Agreement (Phillips Edison - ARC Grocery Center REIT II, Inc.)

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Appointment of PECO. (a) Subject to the terms and conditions hereof and the terms and conditions of the Operating Agreement, Owner hereby engages and retains PECO as the sole and exclusive property manager of each Property for which a Property Addendum is executed with respect to the property management function to perform such functions as are specified herein and/or on the Property Addendum related to each such Property. PECO hereby accepts such appointmentappointment and agrees to operate and manage the Properties, and to perform its other duties hereunder, all in accordance with the standards set forth in Section 3 hereof.

Appears in 1 contract

Samples: And Construction Management Agreement (Phillips Edison Grocery Center Reit Ii, Inc.)

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