Common use of Limitations on Manager Authority Clause in Contracts

Limitations on Manager Authority. Notwithstanding anything to the contrary set forth in this Section 2, Manager shall not, without obtaining the prior written consent of Owner, (i) rent storage space in the Property by written lease or agreement for a stated term in excess of one year unless such lease or agreement is terminable by the giving of not more than thirty (30) days written notice, (ii) alter the building or other structures of the Property in violation of the Loan Documents; (iii) make any other agreements which exceed a term of one year and are not terminable on thirty day's notice at the will of Owner, without penalty, payment or surcharge; (iv) act in violation of any Law, or (v) violate any term or condition of the Loan Documents.

Limitations on Manager Authority. Notwithstanding anything to the contrary set forth in this Section 2, Manager shall not, without obtaining the prior written consent of OwnerTenant, (i) rent storage space in the Property by written lease or agreement for a stated term in excess of one year unless such lease or agreement is terminable by the giving of not more than thirty (30) days written notice, (ii) alter the building or other structures of the Property in violation of the Loan DocumentsLease; (iii) make any other agreements which exceed a term of one year and are not terminable on thirty day's ’s notice at the will of OwnerTenant, without penalty, payment or surcharge; (iv) act in violation of any Law, or (v) violate any term or condition of the Loan DocumentsLease.

Limitations on Manager Authority. Notwithstanding anything to the contrary set forth in this Section 2, Manager shall not, without obtaining the prior written consent of OwnerTenant, (i) rent storage space in the Property by written lease or agreement for a stated term in excess of one year unless such lease or agreement is terminable by the giving of not more than thirty (30) days written notice, (ii) alter the building or other structures of the Property in violation of the Loan DocumentsLease; (iii) make any other agreements which exceed a term of one year and are not terminable on thirty day's notice at the will of OwnerTenant, without penalty, payment or surcharge; (iv) act in violation of any Law, or (v) violate any term or condition of the Loan DocumentsLease.