Common use of Back-Up Manager Clause in Contracts

Back-Up Manager. (a) The Back-Up Manager shall maintain current servicing records and systems concerning the Properties, the Leases and the Mortgage Loans in order to enable it to timely and efficiently assume the responsibilities of the Property Manager and/or Special Servicer in accordance with the Servicing Standard and otherwise in accordance with the terms and conditions of this Agreement.

Appears in 6 contracts

Samples: Management and Servicing Agreement (Store Capital LLC), Management and Servicing Agreement (Store Capital LLC), Management and Servicing Agreement (STORE CAPITAL Corp)

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Back-Up Manager. (a) The Back-Up Manager shall maintain current servicing records and systems concerning the Properties, Properties and the Leases and the Mortgage Loans in order to enable it to timely and efficiently assume the responsibilities of the Property Manager and/or Special Servicer in accordance with the Servicing Standard and otherwise in accordance with the terms and conditions of this Agreement.

Appears in 2 contracts

Samples: Management and Servicing Agreement (American Finance Trust, Inc), Management and Servicing Agreement (American Finance Trust, Inc)

Back-Up Manager. (a) The Back-Up Manager shall maintain will be provided with current servicing records and systems concerning the Properties, the Leases and the Mortgage Loans in order to enable it to timely and efficiently assume the responsibilities of the Property Manager and/or Special Servicer in accordance with upon the Servicing Standard and otherwise termination of either such party in accordance with the terms and conditions of this Agreement.

Appears in 1 contract

Samples: Property Management Agreement (STORE CAPITAL Corp)

Back-Up Manager. (a) The Back-Up Manager shall maintain current servicing records and systems concerning the Properties, the Leases and the Mortgage Loans in order to enable it to timely and efficiently assume the responsibilities of the Property Manager and/or Special Servicer in accordance with the Servicing Standard and otherwise in accordance with the terms and conditions of this Agreement.

Appears in 1 contract

Samples: Management and Servicing Agreement (Essential Properties Realty Trust, Inc.)

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Back-Up Manager. (a) The Back-Up Manager shall maintain current servicing records and systems concerning the Properties, Properties and the Leases and the Mortgage Loans in order to enable it to timely and efficiently assume the responsibilities of the Property Manager, Issuer Manager and/or or Special Servicer in accordance with the Servicing Standard and otherwise in accordance with the terms and conditions of this Agreement.

Appears in 1 contract

Samples: Property Management Agreement (Cim Real Estate Finance Trust, Inc.)

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