Interim Management Agreement. Seller shall provide Manager with a notice of termination of the Management Agreement on January 2, 1998 or as soon thereafter as Seller shall have obtained any required lender consent thereto. Seller shall, on or prior to January 2, 1998, seek any required lender consents and use all reasonable commercial efforts to obtain the same as promptly as possible. Buyer and Seller shall enter into a management agreement with respect to the Property in the form attached as Exhibit 17.20 hereto (the "Interim Management Agreement") which shall be effective (and the Interim Management Agreement shall be dated as of such effective date) on the earlier of (a) thirty days from the date of the delivery to Manager of such termination notice, and (b) the effective date of a written waiver of Manager of the notice of termination required under the Management Agreement. Buyer shall advance any fee payable to Manager under the Management Agreement on account of the termination thereof up to $127,132.00. Buyer shall be deemed to have waived delivery of all items under Sections 52 60
Interim Management Agreement. The Interim Management Agreement sets out (i) the process for identification and allocation of employees of the Seller and its Affiliates between the Target Group (other than the TAHM Entities) and the Seller and its Affiliates, following the Closing, and (ii) the allocation of the profits, losses, risks and benefits of the Business for the period following the Financial Cut-Off Date and prior to the Closing.
Interim Management Agreement. SCHEDULES Schedule 1.1.1.............................Approved Service Contracts Schedule 1.1.2..................................Employment Agreements Schedule 1.1.3.......................................Equipment Leases Schedule 1.1.4......................................Excluded Property Schedule 1.1.5...........................................Ground Lease Schedule 1.1.6........................................Hotel Employees Schedule 1.1.7..............................Schedule of Tenant Leases Schedule 1.1.8.........
Interim Management Agreement. The appropriate Buyer Entity shall enter into an Interim Management Agreement substantially in the form of Exhibit G hereto.
Interim Management Agreement. Without limiting or otherwise affecting the provisions of Section 9.4(d), if Buyer or EAGL has not obtained new liquor licenses with respect to one or more of the Golf Course Properties by the Closing Date, and if permitted under applicable law, then, so long as Buyer and EAGL notify the Operator and the applicable Seller in writing at least seven (7) Business Days before the Closing Date that Buyer or EAGL, as applicable, elects to enter into the same with the Operator or the applicable Seller, the Operator or such Seller, on the one hand, and Buyer or EAGL, on the other hand, shall execute and deliver, at the Closing, an interim management agreement or beverage service agreement (each, an “Interim Management Agreement”) with respect to the applicable Golf Course Properties in form and content reasonably acceptable to such Persons to allow Buyer or EAGL, as applicable, to operate the alcoholic beverage operations at the applicable Golf Course Properties utilizing the same liquor licenses which the Operator or the applicable Seller currently utilizes. The term of the Interim Management Agreement shall be from the Closing Date through the earlier of the date which is one hundred eighty (180) days thereafter, or the date Buyer or EAGL, as applicable, obtains its own liquor license for the applicable Golf Course Properties. Under the Interim Management Agreement, among other things, (i) Buyer or EAGL, as applicable, shall name the Operator and/or Seller, as applicable, as an additional insured on Buyer’s (or EAGL’s) commercial general liability insurance policy (which policy must contain a liquor service endorsement); (ii) the parties shall use reasonable efforts to maintain in full force and effect, and if necessary renew, each applicable liquor license during the term of the Interim Management Agreement; and (iii) Buyer or EAGL, as applicable, shall protect, defend, indemnify and hold harmless the Operator and/or Seller, as applicable, from and against any and all Claims arising out of or in connection with the alcoholic beverage operations at the Golf Course Properties on or after the Closing Date, except to the extent such Claims result from the gross negligence or willful misconduct of the Operator or the applicable Seller. Buyer shall bear all costs of preparing, executing and performing under each Interim Management Agreement, including, payment of all costs incurred by Operator or its employees in performing thereunder. Neither the Operator nor any Se...
Interim Management Agreement. The LP and the Partnership shall have entered into an Interim Management Agreement in substantially the same form as attached hereto as Exhibit J.
Interim Management Agreement. Buyer and Seller will enter into an interim management agreement related to the Operations pursuant to an agreement substantially in the form attached as EXHIBIT G (the "INTERIM MANAGEMENT AGREEMENT"). The Interim Management Agreement appoints Buyer as manager of the Operations on behalf of Seller on the terms and conditions set forth and until the Effective Date.
Interim Management Agreement. At the election of Purchaser made prior to the Closing, Sellers shall form an independent management company and Purchaser, the Company and Sellers shall negotiate, in good faith, an interim management agreement (the "Interim Management Agreement") pursuant to which, the management company shall become the employer of record of the Company's employees and shall manage the Company Real Properties. The Interim Management Agreement, which may be applicable to some or all of the properties owned by the Company and its Subsidiaries, shall provide for a nine (9) month term, terminable on Purchaser's seventy-five (75) days' prior written notice, a monthly management fee of 2% of revenue plus reimbursement of direct overhead and sales market costs, an indemnity for all Losses arising out of or relating to the manager's actions or inactions under the Interim Management Agreement, except that Purchaser shall not be responsible to indemnify the manager for the gross negligence or willful misconduct of the manager's corporate personnel or the general manager of each property until such time as the manager shall have sustained such Losses for gross negligence and willful misconduct in an amount equal to or in excess of the aggregate management fees actually received during the term of the Interim Management Agreement and such other terms and conditions customary in management transactions of this type. This Section 5.05 shall survive the Closing.
Interim Management Agreement. Brentwood Health Management of MS, LLC shall enter into an Interim Management Agreement substantially in the form of Exhibit G hereto.
Interim Management Agreement. If applicable, the Interim Management Agreement shall have been executed and delivered, as contemplated by Section 6(b).
