General Scope. Except as otherwise specifically provided in this Agreement, the Booking Agent, directly or through a Person designated by it which shall be supervised by the Booking Agent, shall manage, coordinate and supervise the proper conduct of the ordinary and usual business and affairs of the Partnership pertaining to the rental or other acquisition for exhibition of motion picture films at the Theatre Properties (collectively the “Booking Management Activities”). The Booking Management Activities shall, subject to Section 17.5, be conducted in a manner (hereinafter referred to as “Booking Management Standards”) consistent and in accordance with (i) prudent business and management practices applicable to the operation of the Theatre Properties, (ii) the operation of the Theatre Properties as First-Class Theatres and (iii) the requirements of any Key Documents now or hereafter affecting the Theatre Properties. Except as otherwise specifically provided in this Agreement, the Booking Agent shall have such responsibilities, and shall perform and take, or cause to be performed or taken, all such services and actions as shall be necessary or advisable for the proper conduct of the Booking Management Activities in accordance with the Booking Management Standards, including, without limitation, the duties set forth in subsections (b) through (e) below. Unless otherwise specifically provided in this Agreement, all services and actions which Booking Agent is required or permitted to perform or take, or cause to be performed or taken, under this Agreement in connection with the Booking Management Activities shall be performed or taken, as the case may be, on behalf of the Partnership, at the Partnership’s sole expense and within the limitations of and in accordance with the Approved Capital and Operating Budgets; provided, that, notwithstanding anything to the contrary contained herein but subject to Section 20.2, the Booking Agent need not take any action it would otherwise be required to take if it has reasonable grounds to believe that the Partnership (to the extent it is required to do so) will not bear the expense of such action or will not have sufficient funds to bear the expense of such action. The Booking Agent shall have no liability to the Partnership with respect to the conduct of the Booking Management Activities other than to carry out the Booking Management Activities in accordance with the Booking Management Standards in a reasonable manner and the Partnership shall indemnify and hold harmless the Booking Agent against all obligations and liabilities incurred by the Booking Agent in the performance of its duties hereunder as provided in Section 17.8.
Appears in 2 contracts
Samples: Partnership Agreement (Loews Mountainside Cinemas, Inc.), Partnership Agreement (LCE AcquisitionSub, Inc.)
General Scope. Except as otherwise specifically provided in this Agreement, the Booking Agent, directly or through a Person designated by it which shall be supervised by the Booking Agent, Agent shall manage, coordinate and supervise the ------------- proper conduct of the ordinary operation, maintenance and usual business and affairs management (including internal accounting functions) of the Partnership pertaining to the rental or other acquisition for exhibition of motion picture films at the Theatre Properties Property (all such activities being hereinafter collectively the “Booking Management Activities”). The Booking Management Activities shall, subject to Section 17.5, be conducted in a manner (hereinafter referred to as “Booking "Management Standards”) Activities"), consistent with good industry practice and in accordance with (i) prudent business and management practices applicable standards acceptable to the operation of the Theatre Properties, (ii) the operation of the Theatre Properties as First-Class Theatres and (iii) the requirements of any Key Documents now or hereafter affecting the Theatre PropertiesOwner. Except as otherwise specifically provided in this Agreement, the Booking Agent shall have such responsibilities, and shall perform and or take, or cause to be performed or taken, all such services and actions customarily performed or taken by managing agents of property of similar nature, location and character to that of the Property as Agent shall be reasonably deem necessary or advisable for the proper conduct of the Booking Management Activities in accordance with the Booking Management StandardsActivities, including, without limitation, the duties and powers set forth in subsections (b) through (ek) below. Unless otherwise specifically provided in this Agreement, all services and actions which Booking Agent is required or permitted to perform or take, or cause to be performed or taken, under this Agreement in connection with the Booking Management Activities shall be performed or taken, as the case may be, for and on behalf of Owner and at Owner's expense (exclusive of Agent's overhead expenses, travel expenses, compensation of Agent's executives and other home office employees, bookkeeping expenses, and expenses relating to the Partnershippreparation of management and leasing reports), at including, without limitation, Agent's contracting with third parties for certain services as provided for hereinbelow. Notwithstanding the Partnership’s sole expense and within foregoing, Agent shall be subject to the limitations of Agent's power and authority set forth in accordance with Section 5 below. No business of Agent other than the Approved Capital Management --------- Activities shall be transacted at the Property or from offices located thereon, and Operating Budgets; provided, that, notwithstanding anything to the contrary contained herein but subject to Section 20.2, use of the Booking Property by Agent need not take any action it would otherwise or its employees shall be required to take if it has reasonable grounds to believe that the Partnership (to the extent it is required to do so) will not bear the expense of such action or will not have sufficient funds to bear the expense of such action. The Booking Agent shall have no liability to the Partnership with respect limited to the conduct of the Booking Management Activities other than to carry out the Booking Management Activities in accordance with the Booking Management Standards in a reasonable manner and the Partnership shall indemnify and hold harmless the Booking Agent against all obligations and liabilities incurred by the Booking Agent in the performance of its duties hereunder as provided in Section 17.8Activities.
Appears in 2 contracts
Samples: Property Management and Leasing Agreement (Meadows Preservation Inc), Property Management and Leasing Agreement (Meadows Preservation Inc)
General Scope. (1) Except as otherwise specifically provided in this Agreement, the Booking Agent, directly or through a Person designated by it which shall be supervised by the Booking Agent, Operating Agent shall manage, coordinate and supervise the proper conduct of the ordinary and usual business and affairs of the Partnership pertaining to excluding those areas falling within the rental or other acquisition for exhibition scope of motion picture films at the duties and powers of the Booking Agent, as set forth in Article 17 below, but including all aspects of the day-to-day physical operation and maintenance of the Theatre Properties (collectively the “Booking Operating Management Activities”). The Booking Operating Management Activities shall, subject to Section 17.516.3, be conducted in a manner (hereinafter referred to as “Booking Operating Management Standards”) consistent and in accordance with with, in the case of each Theatre Property, (i) the operation of such Theatre Property as a First-Class Theatre including concessions (unless both Partners otherwise agree), (ii) prudent business and management practices applicable to the operation operation, maintenance and management of the such Theatre Properties, (ii) the operation of the Theatre Properties Property as a First-Class Theatres Theatre, and (iii) the requirements of any leases, mortgages, certificates of occupancy, permits, licenses, consents or other recorded and unrecorded agreements (collectively, “Key Documents Documents”) now or hereafter affecting the such Theatre PropertiesProperty. Except as otherwise specifically provided in this Agreement, the Booking Operating Agent shall have such responsibilities, and shall perform and take, or cause to be performed or taken, all such services and actions customarily performed or taken by the Operating Agent prior to the Closing with respect to each Theatre Property, as shall be necessary or advisable for the proper conduct of the Booking Operating Management Activities in accordance with the Booking Operating Management Standards, including, without limitation, the duties and powers set forth in subsections (b) through (em) below. The Operating Agent shall have no liability to the Partnership with respect to the conduct of the Operating Management Activities other than to carry out the Operating Management Activities in accordance with the Operating Management Standards in a reasonable manner and the Partnership shall indemnify and hold harmless the Operating Agent against all obligations and liabilities incurred by the Operating Agent in the performance of its duties hereunder as provided in Section 16.7 below.
(2) Unless otherwise specifically provided in this Agreement, all services and actions which Booking the Operating Agent is required or permitted to perform or take, or cause to be performed or taken, under this Agreement in connection with the Booking Operating Management Activities shall be performed or taken, as the case may be, on behalf of the Partnership, at the Partnership’s sole expense and within the limitations of and in accordance with the Approved Capital and Operating Budgets; provided, that, notwithstanding anything to the contrary contained herein herein, but subject to Section 20.2, the Booking Operating Agent need not take any action it would otherwise be required to take if it has reasonable grounds to believe that the Partnership (to the extent it is required to do so) will not bear the expense of such action or will not have sufficient funds to bear the expense of such action. The Booking Agent .
(3) As used in this Agreement, the term “First-Class Theatre” shall have no liability to the Partnership mean, with respect to any Theatre Property, a first-class, and (except as the conduct of Partners may otherwise mutually agree) first-run motion picture theatre, as determined by reference to the Booking Management Activities other than to carry out the Booking Management Activities geographic area in accordance with the Booking Management Standards in a reasonable manner and the Partnership shall indemnify and hold harmless the Booking Agent against all obligations and liabilities incurred by the Booking Agent in the performance of its duties hereunder as provided in Section 17.8which such Theatre Property is located.
Appears in 2 contracts
Samples: Partnership Agreement (LCE AcquisitionSub, Inc.), Partnership Agreement (Loews Mountainside Cinemas, Inc.)
General Scope. Except as otherwise specifically provided in this Agreementset forth herein, the Booking Agent, directly or through a Person designated by it which shall be supervised by the Booking Agent, Manager shall manage, coordinate and supervise the proper conduct of the ordinary and usual business and affairs of the Partnership pertaining to the rental or other acquisition for exhibition operation, maintenance and management of motion picture films at the Theatre Properties Property (collectively the “Booking Management Activities”). The Booking Management Activities shall, subject to Section 17.5, shall be conducted in a manner (hereinafter referred to as “Booking Management Standards”) consistent and in accordance with (i) prudent business in a manner consistent with the existing character, condition and management practices applicable to the level of operation and maintenance of the Theatre PropertiesProperty, and (ii) with reasonable diligence under the operation circumstances then prevailing that a prudent person acting in like capacity and familiar with such matters would use in the conduct of an enterprise of like character and with like aims. Additionally, to the Theatre Properties as First-Class Theatres and (iii) extent reasonably practicable, Manager shall conduct the Management Activities in a manner consistent with the requirements of any Leases (as hereinafter defined), mortgages, deeds of trust, certificates of occupancy, permits, licenses, consents or other recorded and unrecorded agreements (collectively, “Key Documents Documents”) now or hereafter affecting the Theatre PropertiesProperty to the extent that true and correct copies of such Key Documents have been delivered to Manager. Except To the extent Manager is uncertain of its obligations under any Lease or Key Document, Manager shall have the right (if Manager has requested Owner to explain Manager’s obligations and Owner has either failed to do so or Manager, in good faith, disagrees with Owner’s interpretation) to engage legal counsel at Owner’s expense (within the limitations of the Approved Annual Budget (as defined in Paragraph 5)) and to rely upon the advice of such counsel. Manager shall have no authority to and may not execute any mortgages or deeds of trust on Owner’s behalf. Unless otherwise specifically instructed by Owner in writing, Manager shall have the right to execute Leases on Owner’s behalf, provided in this that such Leases are consistent with general leasing parameters approved by Owner and provided that Manager shall not without Owner’s consent execute any Major Tenant Lease under (and as defined in) that certain Agreement of General Partnership of Westcore Xxx Partners (“Westcore Xxx”), dated the date hereof (the “Westcore Xxx Partnership Agreement”), the Booking Agent by and between Dividend Xxx, LLC and WP Xxx, LLC. Manager shall have such responsibilities, and shall perform and take, or cause to be performed or taken, all such services and actions customarily performed or taken by managing agents of comparable office building complexes and as shall be necessary or advisable for the proper conduct of the Booking Management Activities in accordance with the Booking Management Standards, including, without limitation, the duties set forth in subsections (bParagraphs 3(b) through (eo) below, subject, however, to the limitations set forth in this Agreement. Unless otherwise specifically provided in this Agreement, all services and actions which Booking Agent that Manager is required or permitted to perform or take, or cause to be performed or taken, under this Agreement in connection with the Booking Management Activities shall be performed or taken, as the case may be, on behalf of the Partnership, Owner and at the PartnershipOwner’s sole expense expense, and within the limitations of and in accordance with the Approved Capital and Operating Budgets; provided, that, notwithstanding anything to the contrary contained herein but subject to Section 20.2, the Booking Agent need not take any action it would otherwise be required to take if it has reasonable grounds to believe that the Partnership (to the extent it is required to do so) will not bear the expense of such action or will not have sufficient funds to bear the expense of such action. The Booking Agent shall have no liability to the Partnership with respect to the conduct of the Booking Management Activities other than to carry out the Booking Management Activities in accordance with the Booking Management Standards in a reasonable manner and the Partnership shall indemnify and hold harmless the Booking Agent against all obligations and liabilities incurred by the Booking Agent in the performance of its duties hereunder as provided in Section 17.8Annual Budget.
Appears in 1 contract
Samples: Management Agreement (Dividend Capital Total Realty Trust Inc.)
General Scope. Except as otherwise specifically provided in this Agreementset forth herein, the Booking Agent, directly or through a Person designated by it which shall be supervised by the Booking Agent, Manager shall manage, coordinate and supervise the proper conduct of the ordinary and usual business and affairs of the Partnership pertaining to the rental or other acquisition for exhibition operation, maintenance and management of motion picture films at the Theatre Properties Property (collectively the “Booking Management Activities”). The Booking Management Activities shall, subject to Section 17.5, shall be conducted in a manner (hereinafter referred to as “Booking Management Standards”) consistent and in accordance with (i) prudent business in a manner consistent with the existing character, condition and management practices applicable to the level of operation and maintenance of the Theatre PropertiesProperty, and (ii) with reasonable diligence under the operation circumstances then prevailing that a prudent person acting in like capacity and familiar with such matters would use in the conduct of an enterprise of like character and with like aims. Additionally, to the Theatre Properties as First-Class Theatres and (iii) extent reasonably practicable, Manager shall conduct the Management Activities in a manner consistent with the requirements of any Leases (as hereinafter defined), mortgages, deeds of trust, certificates of occupancy, permits, licenses, consents or other recorded and unrecorded agreements (collectively, “Key Documents Documents”) now or hereafter affecting the Theatre PropertiesProperty to the extent that true and correct copies of such Key Documents have been delivered to Manager. Except To the extent Manager is uncertain of its obligations under any Lease or Key Document, Manager shall have the right (if Manager has requested Owner to explain Manager’s obligations and Owner has either failed to do so or Manager, in good faith, disagrees with Owner’s interpretation) to engage legal counsel at Owner’s expense (within the limitations of the Approved Annual Budget (as defined in Paragraph 5)) and to rely upon the advice of such counsel. Manager shall have no authority to and may not execute any mortgages or deeds of trust on Owner’s behalf. Unless otherwise specifically instructed by Owner in writing, Manager shall have the right to execute Leases on Owner’s behalf, provided in this that such Leases are consistent with general leasing parameters approved by Owner and provided that Manager shall not without Owner’s consent execute any Major Tenant Lease under (and as defined in) that certain Agreement of General Partnership of Westcore-TRT Fortune Concourse General Partnership, a Delaware general partnership (“Westcore-TRT Partnership”), dated the date hereof (the “Westcore-TRT Fortune Concourse Partnership Agreement”), the Booking Agent by and between Westcore-TRT Fortune Concourse Owner LLC, a Delaware limited liability company, and WP Fortune Concourse, LLC, a Delaware limited liability company (“WP Fortune Concourse”). Manager shall have such responsibilities, and shall perform and take, or cause to be performed or taken, all such services and actions customarily performed or taken by managing agents of comparable office building complexes and as shall be necessary or advisable for the proper conduct of the Booking Management Activities in accordance with the Booking Management Standards, including, without limitation, the duties set forth in subsections (bParagraphs 3(b) through (eo) below, subject, however, to the limitations set forth in this Agreement. Unless otherwise specifically provided in this Agreement, all services and actions which Booking Agent that Manager is required or permitted to perform or take, or cause to be performed or taken, under this Agreement in connection with the Booking Management Activities shall be performed or taken, as the case may be, on behalf of the Partnership, Owner and at the PartnershipOwner’s sole expense expense, and within the limitations of and in accordance with the Approved Capital and Operating Budgets; provided, that, notwithstanding anything to the contrary contained herein but subject to Section 20.2, the Booking Agent need not take any action it would otherwise be required to take if it has reasonable grounds to believe that the Partnership (to the extent it is required to do so) will not bear the expense of such action or will not have sufficient funds to bear the expense of such action. The Booking Agent shall have no liability to the Partnership with respect to the conduct of the Booking Management Activities other than to carry out the Booking Management Activities in accordance with the Booking Management Standards in a reasonable manner and the Partnership shall indemnify and hold harmless the Booking Agent against all obligations and liabilities incurred by the Booking Agent in the performance of its duties hereunder as provided in Section 17.8Annual Budget.
Appears in 1 contract
Samples: Management Agreement (Dividend Capital Total Realty Trust Inc.)
General Scope. Except as otherwise specifically provided in this Agreement(1) Subject to the provisions of Sections 12.1., 12.2. and 12.3., S&J shall have the Booking Agent, directly or through a Person designated by it which shall be supervised by the Booking Agent, shall exclusive right to manage, coordinate and supervise the proper conduct all aspects of the ordinary and usual business and affairs day- to-day operations of the Partnership pertaining to the rental or other acquisition for exhibition of motion picture films at the Theatre Properties (collectively the “Booking "Operating Management Activities”"). The Booking Operating Management Activities shall, subject to Section 17.5, shall be conducted in a manner (hereinafter referred to as “Booking "Operating Management Standards”") consistent and in accordance with with, in the case of each Theatre Property, (i) prudent business and management practices applicable to the operation of the such Theatre Properties, Property as a First-Class Theatre and (ii) the operation of the Theatre Properties as First-Class Theatres and (iii) the requirements of any all Key Documents now or hereafter affecting the such Theatre PropertiesProperty. Except as otherwise specifically provided in this Agreement, the Booking Agent S&J shall have such responsibilities, and shall perform and take, or cause no liability to be performed or taken, all such services and actions as shall be necessary or advisable for the proper Partnership with respect to the conduct of the Booking Operating Management Activities other than to carry out the Operating Management Activities in accordance with the Booking Operating Management StandardsStandards in a reasonable manner and the Partnership shall indemnify and hold harmless S&J, includingits Subsidiaries, without limitationAffiliates and their officers, directors and personnel against any and all obligations and liabilities in the performance of the duties set forth provided for hereunder as provided in subsections Section 13.7.
(b2) through (e) below. Unless otherwise specifically provided in this Agreement, all services and actions which Booking Agent S&J is required or permitted to perform or take, or cause to be performed or taken, under this Agreement in connection with the Booking Operating Management Activities shall be performed or taken, as the case may be, on behalf of the Partnership, at the Partnership’s 's sole expense and within the limitations of and in accordance with the Approved Capital and Operating Budgets; provided, that, notwithstanding provided that anything herein to the contrary contained herein notwithstanding, but subject to Section 20.216.2., the Booking Agent S&J need not take any action that it would otherwise be required to take if it has reasonable grounds to believe that the Partnership (to the extent it is required to do so) will not bear the expense of such action or will not have sufficient funds to bear the expense of such action. The Booking Agent S&J shall have no liability be obligated to the Partnership with respect to the conduct of the Booking Management Activities use in- house (at S&J or its Affiliates) construction and other than to carry out the Booking Management Activities in accordance with the Booking Management Standards in a reasonable manner and the Partnership shall indemnify and hold harmless the Booking Agent against all obligations and liabilities incurred by the Booking Agent personnel whenever possible in the performance of its duties hereunder and, except as otherwise provided in Section 17.813.11.(b), shall not charge the Partnership any separate fee or seek any reimbursement of expenses relating to such in- house personnel so used, and S&J shall give the Partnership the benefit of all volume discounts and other benefits generally available to S&J and its Affiliates by virtue of the size of their operations or otherwise.
(3) As used in this Agreement, the term "First-Class Theatre" shall mean, with respect to any Theatre Property, a first-class, and (except as the Management Committee may otherwise determine) first-run motion picture Theatre, as determined by reference to the geographic area in which such Theatre Property is located.
Appears in 1 contract
Samples: Partnership Agreement (Loews Cineplex Entertainment Corp)