Common use of Consent and Agreement by Manager Clause in Contracts

Consent and Agreement by Manager. Manager hereby acknowledges and consents to the terms and provisions of this Assignment and Section 7.3 of the Loan Agreement. Manager agrees that it will act in conformity with the provisions of this Assignment and Lender’s rights hereunder or otherwise related to the Management Agreement. In the event that the responsibility for the management of the Property is transferred from Manager in accordance with the provisions hereof, Manager shall fully cooperate in transferring its responsibility to a new management company and effectuate such transfer no later than thirty (30) days from the date the Management Agreement is terminated. Further, Manager shall (a) not contest or impede the exercise by Lender of any right it has under or in connection with this Assignment; (b) in the manner provided for in this Assignment, give at least thirty (30) days prior written notice to Lender of its intention to terminate the Management Agreement or otherwise discontinue its management of the Property and (c) not amend any of the provisions or terms of the Management Agreement without the prior consent of Lender.

Consent and Agreement by Manager. Manager hereby acknowledges and -------------------------------- consents to the terms and provisions of this Assignment and Section 7.3 of the Loan Agreement. Manager agrees that it Manager will act in conformity with the provisions of this Assignment and the Lender’s 's rights hereunder or otherwise related to the Management Agreement. In the event that the responsibility for the management of the Property is transferred from Manager in accordance with the provisions hereof, Manager shall shall, and hereby agrees to, fully cooperate in transferring its responsibility to a new management company and effectuate such transfer no later than thirty (30) days from the date the Management Agreement is terminated. Further, Manager shall hereby agrees (a) not to contest or impede the exercise by the Lender of any right it has under or in connection with this Assignment; and (b) that it shall, in the manner provided for in this Assignment, give at least thirty (30) days prior written notice to the Lender of its intention to terminate the Management Agreement or otherwise discontinue its management of the Property and (c) not amend any of the provisions or terms of the Management Agreement without the prior consent of LenderProperty.

Consent and Agreement by Manager. Manager hereby acknowledges and consents to the terms and provisions of this Assignment and Section 7.3 of the Loan Agreement. Manager agrees that it Manager will act in conformity with the provisions of this Assignment and Lender’s 's rights hereunder or otherwise related to the Management Agreement. In the event that the responsibility for the management of the Property is transferred from Manager in accordance with the provisions hereofhereof or otherwise, Manager shall fully cooperate in transferring its responsibility to a new management company and effectuate such transfer no later than thirty (30) days from the date the Management Agreement is terminated. Further, Manager shall (a) not contest or impede the exercise by Lender of any right it has under or in connection with this Assignment; (b) in the manner provided for in this Assignment, give at least thirty (30) days prior written notice to Lender of its intention to terminate the Management Agreement or otherwise discontinue its management of the Property and (c) not amend any of the provisions or terms of the Management Agreement without the prior consent of Lender.

Consent and Agreement by Manager. Manager hereby acknowledges and consents to the terms this Agreement and provisions of this Assignment and Section 7.3 of the Loan Agreement. Manager agrees that it Manager will act in conformity with the provisions of this Assignment Agreement and LenderAgent’s rights hereunder or otherwise related to the Management AgreementAgreements. In the event that the responsibility for the management of the a Property is transferred from Manager in accordance with the provisions hereof, Manager shall fully cooperate reasonably cooperate, at no out-of-pocket cost to Manager, Agent or Lenders, in transferring its responsibility to a new management company and effectuate such transfer no later than thirty (30) days from the date the such Management Agreement is terminated. Further, Manager shall not (a) not contest or impede the exercise by Lender Agent of any right it has under or in connection with this AssignmentAgreement; (b) in the manner provided for in this Assignment, give at least thirty (30) days prior written notice to Lender of its intention to terminate the any Management Agreement or otherwise discontinue its management of a Property without giving at least thirty (30) days’ prior written notice to Agent of its intention to do so in the Property manner provided for in this Agreement, and (c) not amend any of the provisions or terms of the any Management Agreement without the prior consent of LenderAgent.