Equipment and Improvements. Subject to the applicable Annual Budget, Manager shall, on behalf of Owner, acquire or effect the acquisition of equipment and improvements which are needed to maintain or upgrade the quality of the Facility or its services, to replace obsolete or run-down equipment, or to correct any other deficiencies which may be identified by Manager during the term of this Agreement, and shall make, or engage third parties to make, all such repairs, replacements and maintenance and shall cause to be acquired all necessary equipment, including replacement equipment.
Appears in 3 contracts
Samples: Management Agreement (Brookdale Living Communities Inc), Management Agreement (Brookdale Living Communities Inc), Management Agreement (Brookdale Living Communities Inc)
Equipment and Improvements. Subject to the applicable Annual Budget, Manager shall, on behalf of Owner, acquire and install or effect the acquisition and installation of equipment and improvements which are needed (a) to maintain or upgrade the quality of the Facility Property or its services, (b) to replace obsolete or run-down equipment, or (c) to correct any other deficiencies which may be identified by Manager during the term Term of this Agreement. In connection therewith, and Manager shall make, or engage third parties to make, all such repairs, replacements and maintenance and shall cause to be acquired all necessary equipment, including replacement equipment.
Appears in 2 contracts
Samples: Management and Leasing Agreement (Prime Group Realty Trust), Contribution Agreement (Prime Group Realty Trust)
Equipment and Improvements. Subject to the applicable Annual Budget, Manager shall, on behalf of Owner, acquire or effect the acquisition of equipment and improvements which are needed to maintain or upgrade the quality of the Facility or its services, to replace obsolete or run-down equipment, or to correct any other deficiencies which may be identified by Manager during the term of this Agreement, and shall make, or engage third parties part1es to make, all such repairs, replacements and maintenance and shall cause to be acquired all necessary equipment, including replacement equipment.
Appears in 1 contract
Samples: Formation Agreement (Brookdale Living Communities Inc)