Appointment of Property Manager. (a) Owner hereby engages and retains Property Manager 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. Property Manager hereby accepts such appointment.
Appointment of Property Manager. Owner hereby engages and retains Property Manager as the sole and exclusive manager and agent of the Properties, and Property Manager hereby accepts such appointment, all on the terms and conditions hereinafter set forth, it being understood that this Agreement shall cause Property Manager to be, at law, Owner’s agent upon the terms contained herein. As such, all obligations and expense incurred by Property Manager which are consistent with this Agreement shall be for the account, on behalf of and at the expense of the Owner.
Appointment of Property Manager. PORT hereby appoints Property Manager the sole and exclusive manager for the Properties upon the terms and conditions set forth herein. Property Manager xxxxxx accepts such appointment on the terms and conditions set forth herein and shall furnish the services of its organization for the management of the Properties.
Appointment of Property Manager. Developer and its assigns shall appoint one or more individuals or entities to be a “Property Manager” with respect to the Property or any portion thereof (each a “Property Manager”). Developer and its assigns may appoint the Association or an Owner of the Property or any portion thereof as such Property Manager. Upon any person or entity being appointed a Property Manager with respect to the Property or any portion thereof, Developer or its assigns shall give the City notice of such appointment and the name and contact address and other information required for notice in this Agreement. Until notice is provided to the City by Developer otherwise, Developer shall be the Property Manager for all purposes under this Agreement.
Appointment of Property Manager. The Owner hereby appoints and grants the Property Manager the exclusive right to rent, lease, operate and manage the property known as: and any additional property which may later be added to this Agreement (collectively known as "Property") under the terms below, for the period beginning , 20 and ending , 20 at 11:59 p.m. However, either Owner or Manager may terminate this Agreement on at least 30 days written notice after the expiration of months of the original term.
Appointment of Property Manager. Operating Partnership hereby appoints Property Manager as its managing agent for the Properties.
Appointment of Property Manager. Section 1.01
Appointment of Property Manager. GB8 hereby appoints Property Manager the sole and exclusive manager for the Properties upon the terms and conditions set forth herein. Property Manager hxxxxx accepts such appointment on the terms and conditions set forth herein and shall furnish the services of its organization for the management of the Properties.
Appointment of Property Manager. With respect to the Loan, Lead Lender shall enforce the rights of Lead Lender and Co-Lender with respect to the property manager of the Property under the Loan Documents and the related management agreement. If Lead Lender is entitled to terminate the property manager of the Property due to a default by such property manager under the terms of its management agreement or otherwise intends to terminate the property manager, Lead Lender shall promptly give notice to the Operating Advisor, Co-Lender and the Rating Agencies. After receipt of such notice, the Operating Advisor shall have ten (10) Business Days to recommend termination of the property manager, and if so, to recommend a successor property manager (meeting the requirements set forth below). Upon receipt of a recommendation from the Operating Advisor to terminate the property manager and, to the extent Lead Lender is entitled, to appoint a successor property manager, Lead Lender shall effect such recommendation unless Lead Lender determines that such recommendation violates Accepted Servicing Practices. For the purposes of this Section, a successor property manager shall be a professional management corporation or business entity (i) which manages, and is experienced in managing, related comparable commercial properties, (ii) which satisfies any criteria set forth in the Mortgage and related Loan Documents and any intercreditor agreement entered into with the holder of any “mezzanine loan” secured by a pledge of the direct or indirect equity interests in Borrower and (iii) with respect to which the Rating Agencies have issued a Rating Agency Confirmation.
Appointment of Property Manager. Owner hereby engages Manager, and Manager agrees to serve, as the exclusive manager of the Property for the period of time and upon the terms and conditions hereinafter set forth. Manager shall manage, operate and maintain the Property in accordance with the terms of this Agreement.
