Common use of Employment of Management Company Clause in Contracts

Employment of Management Company. Tenant hereby appoints Management Company as the sole and exclusive operator of the Facility and, in accordance with all Legal Requirements, Management Company agrees to act as the operator of the Facility. In connection therewith, Management Company shall supervise, direct and control the day to day business activities and management of the Facility and all phases of its operations in the name of and on behalf of Tenant upon the terms and conditions hereinafter stated. Management Company shall be responsible for managing the Facility and all its assets and services in a professional, competent and business-like manner, in compliance in all material respects with all Legal Requirements and the terms and provisions of this Agreement. Management Company shall, subject to compliance of Tenant with its obligations hereunder, do all things as may be reasonably required to maintain and preserve all necessary licenses, permits, authorizations, certifications and approvals to operate the Facility (collectively, the “Licenses”) so as to comply in all material respects with all applicable Legal Requirements.

Appears in 3 contracts

Samples: Management Services Agreement (CNL Healthcare Properties, Inc.), Management Services Agreement (CNL Healthcare Properties, Inc.), Management Services Agreement (CNL Healthcare Properties, Inc.)

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Employment of Management Company. Tenant hereby appoints Management Company as the sole and exclusive operator manager of the Facility and, and subject to Tenant’s ultimate responsibilities as the holder of the Licenses (as defined below) and in accordance with all Legal Requirements, Management Company agrees to act as the operator manager of the Facility. In connection therewith, Management Company shall supervise, direct and control the day to day business activities activities, management and management operation of the Facility and all phases of its operations operation and management in the name of and on behalf of Tenant upon the terms and conditions hereinafter stated. Management Company shall be responsible for managing the Facility and all its assets and services in a professional, competent and business-like manner, in material compliance in all material respects with all Legal Requirements and the terms and provisions of this Agreement. Management Company shall, subject to compliance of Tenant with its obligations hereunder, do all things as may be reasonably required to obtain, maintain and preserve all necessary licenses, permits, authorizations, certifications and approvals to operate the Facility so as to comply with all applicable Legal Requirements (collectively, the “Licenses”) so as to comply in all material respects with all applicable Legal Requirements).

Appears in 1 contract

Samples: Management Services Agreement (CNL Healthcare Properties II, Inc.)

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