Common use of Management Agents’ and Brokers’ Contracts Clause in Contracts

Management Agents’ and Brokers’ Contracts. Borrower shall not enter into, modify, amend, waive any material provision of, terminate or cancel any management agreement for the Property without the prior written approval of Lender. If, in the ordinary course of business, Borrower shall enter into, modify, amend, waive any provision of, terminate or cancel any contracts or agreements (other than property management agreements) with leasing agents or brokers, Borrower shall notify Lender within ten (10) days after such action.

Appears in 3 contracts

Samples: Loan Agreement (Pillarstone Capital Reit), Loan Agreement (Whitestone REIT Operating Partnership, L.P.), Loan Agreement (Whitestone REIT)

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Management Agents’ and Brokers’ Contracts. Borrower shall not enter into, modify, amend, waive any material provision of, terminate or cancel any management agreement for the Property Project without the prior written approval of Lender. If, in the ordinary course of business, Borrower shall enter into, modify, amend, waive any provision of, terminate or cancel any contracts or agreements (other than property management agreements) with leasing agents or brokers, Borrower shall notify Lender within ten (10) days after such action.

Appears in 2 contracts

Samples: Loan Assumption Agreement (Inland Diversified Real Estate Trust, Inc.), Loan Agreement (Netreit)

Management Agents’ and Brokers’ Contracts. Borrower shall not enter into, modify, amend, waive any material provision of, terminate or cancel any management agreement contracts for the Property Project without the prior written approval of Lender, which approval shall not be unreasonably withheld. If, in the ordinary course of business, Borrower shall enter into, modify, amend, waive any provision of, terminate or cancel any contracts or agreements (other than property management agreementscontracts) with leasing agents or brokers, Borrower shall notify Lender within ten (10) 10 days after such action.

Appears in 2 contracts

Samples: Loan Agreement (Veeco Instruments Inc), Loan Agreement (Applied Epi Inc)

Management Agents’ and Brokers’ Contracts. Other than in the ordinary course of business, Borrower shall not enter into, modify, amend, waive any material provision of, terminate or cancel any management agreement contracts for the Property Project or agreements with agents or brokers, without the prior written approval of Lender. If, If in the ordinary course of business, business Borrower shall enter into, modify, amend, waive any provision of, terminate or cancel any contracts or agreements (other than property management agreementscontracts) with leasing agents or brokers, Borrower shall notify Lender within ten (10) days after such action.

Appears in 1 contract

Samples: Loan Agreement (Datron Systems Inc/De)

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Management Agents’ and Brokers’ Contracts. Borrower shall not enter into, modify, amend, waive any material provision of, terminate or cancel any management agreement for the Property Project without the prior written approval of Lender, which approval shall not be unreasonably withheld, conditioned or delayed. If, in the ordinary course of business, Borrower shall enter into, modify, amend, waive any provision of, terminate or cancel any contracts or agreements (other than property management agreements) with leasing agents or brokers, Borrower shall notify Lender within ten (10) days after such action.

Appears in 1 contract

Samples: Loan Agreement (Wells Core Office Income Reit Inc)

Management Agents’ and Brokers’ Contracts. Borrower shall not enter into, modify, amend, waive any material provision of, terminate (unless in good faith as a result of a default by the manager thereunder) or cancel any management agreement for the Property any Site without the prior written approval of Lender, which shall not be unreasonably withheld or delayed. If, in the ordinary course of business, Borrower shall enter intoprovide Lender with true and complete copies of all management, modify, amend, waive leasing and brokerage agreements affecting any provision of, terminate or cancel any contracts or agreements (other than property management agreements) with leasing agents or brokers, Borrower shall notify Lender Site within ten (10) days after such actionLender’s request therefor.

Appears in 1 contract

Samples: Loan Agreement (Industrial Income Trust Inc.)

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