Change of Management of Properties. Change the management of the Properties, except that (a) any Affiliate of the Borrower or the General Partner shall be permitted to manage any of the Properties and (b) the Borrower, the General Partner or any of their Subsidiaries may engage and/or replace third-party property managers with respect to any Property, provided that the aggregate book value of all Properties at any one time under third-party management shall not exceed 30% of the aggregate book value of all of the Properties at such time.
Appears in 13 contracts
Samples: Unsecured Term Loan Agreement (First Industrial Lp), Revolving Credit Agreement (First Industrial Lp), Unsecured Term Loan Agreement (First Industrial Lp)
