Management Agreement Consent Sample Clauses

Management Agreement Consent. Manager’s Consent Under Management Agreement (Interstate) between Sunstone Hotel Properties, Inc., as Manager, Sunstone Hotel Partnership, LLC, as Borrower, Sunstone Center Court LLC, as Fee Owner, Sunstone Center Court Lessee, Inc., as Lessee, and Agent.
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Management Agreement Consent. Mutual Recognition and Non-Disturbance Agreement between Agent, Sunstone Quincy Lessee, Inc., as Owner, and Marriott Hotel Services, Inc., as Manager, in form and substance acceptable to Agent.
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Management Agreement Consent. Manager’s Consent Under Management Agreement (Fairmont) between Fairmont Resorts (U.S.), Inc., as Manager, Sunstone Hotel Partnership, LLC, as Borrower, Sunstone Macarthur LLC, as Fee Owner, Sunstone Macarthur Lessee, Inc., as Lessee, and Agent, in form and substance acceptable to Agent.
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Management Agreement Consent. Manager’s Consent Under Management Agreement (Hyatt Corporation) between Hyatt Corporation, as Manager, Sunstone Hotel Partnership, LLC, as Borrower, Sunstone Jamboree, LLC, as Fee Owner, Sunstone Jamboree Lessee, Inc., as Lessee, and Agent.
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Management Agreement Consent. Mutual Recognition and Non-Disturbance Agreement between Agent, Sunstone Red Oak Lessee, Inc., as Owner, and Renaissance Hotel Operating Company, as Manager, in form and substance acceptable to Agent.
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Management Agreement Consent. Manager’s Consent Under Management Agreement (Royal Palm) between Xxxxx Hotel Management Company, LLC, as Manager, Sunstone Hotel Partnership, LLC, as Borrower, Sunstone XX Xxxxxxx LLC, as Fee Owner, Sunstone XX Xxxxxxx Lessee, Inc., as Lessee, and Agent.
Sample 1Sample 2
Management Agreement Consent. Mutual Recognition and Non-Disturbance Agreement between Agent, Sunstone LA Airport Lessee, Inc., as Owner, and Renaissance Hotel Management Company, LLC, as Manager, in form and substance acceptable to Agent. Schedule 5.03 XII. Royal Palm Hotel: Post Close Item
Sample 1
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Management Agreement Consent. Mutual Recognition and Non-Disturbance Agreement between Agent, Sunstone LA Airport Lessee, Inc., as Owner, and Renaissance Hotel Management Company, LLC, as Manager, in form and substance acceptable to Agent.
Sample 1

Related to Management Agreement Consent

  • Property Management Agreement The Property Management Agreement is in full force and effect and, to Borrower's Knowledge, there are no defaults thereunder by any party thereto and no event has occurred that, with the passage of time and/or the giving of notice would constitute a default thereunder.

  • Management Agreement The Management Agreement is in full force and effect and there is no default thereunder by any party thereto and no event has occurred that, with the passage of time and/or the giving of notice would constitute a default thereunder.

  • INVESTMENT MANAGEMENT AGREEMENT Separate written agreements entered into (i) by the Manager and the Master Fund and (ii) by the Manager and the Company, pursuant to which the Manager provides investment management services to the Master Fund.

  • MANAGEMENT AGREEMENT AND FRANCHISE AGREEMENT At or prior to the Closing, Seller shall terminate the Existing Management Agreement and the Existing Franchise Agreement, and Seller shall be solely responsible for all claims and liabilities arising thereunder on, prior to or following the Closing Date. As a condition to Closing, Buyer shall enter into the New Management Agreement and the New Franchise Agreement, effective as of the Closing Date, containing terms and conditions acceptable to Buyer (including, without limitation, such terms and conditions as may be required to accommodate Buyer’s and/or Buyer’s Affiliates’ REIT structure). Seller shall be responsible for paying all costs related to the termination of the Existing Management Agreement. Buyer shall be responsible for paying all reasonable and actual costs of the Franchisor related to the assignment or termination, as applicable, of the Existing Franchise Agreement. Seller shall use best efforts to promptly provide all information required by the Franchisor in connection with the New Franchise Agreement, and Seller and Buyer shall diligently pursue obtaining the same. As a condition to Buyer’s and Seller’s obligation to close under this Contract, Buyer and Manager shall agree, on or before the expiration of the Review Period, on the form and substance of the New Management Agreement.

  • The Management Agreement Borrower shall use commercially reasonable efforts to cause Manager to manage the Property in accordance with the Management Agreement. Borrower shall (a) diligently perform and observe all of the material terms, covenants and conditions of the Management Agreement on the part of Borrower to be performed and observed, (b) promptly notify Agent of any notice to Borrower or Manager of any default by Borrower in the performance or observance of any material terms, covenants or conditions of the Management Agreement on the part of Borrower to be performed and observed, and (c) promptly deliver to Agent a copy of all material notices received by it (including, without limitation, any notices relating to the Ground Lease, the Reciprocal Easement and any Joint Manager (as defined in the Reciprocal Easement Agreement) and, upon request by Agent, any other financial statement, business plan, capital expenditures plan, report and estimate received by it under the Management Agreement (but excluding any immaterial general correspondence and internal discussion drafts of any such plans, reports or estimates); and (iv) promptly enforce the performance and observance of all of the material covenants required to be performed and observed by Manager under the Management Agreement. If Borrower shall default in the performance or observance of any material term, covenant or condition of the Management Agreement on the part of Borrower to be performed or observed, then, without limiting Agent’s other rights or remedies under this Agreement or the other Loan Documents, and without waiving or releasing Borrower from any of its obligations hereunder or under the Management Agreement, Agent shall have the right, but shall be under no obligation, to pay any sums and to perform any act as may be appropriate to cause all the material terms, covenants and conditions of the Management Agreement on the part of Borrower to be performed or observed.

  • Arrangement Agreement This Plan of Arrangement is made pursuant to the Arrangement Agreement.

  • Assignment of Management Agreement As additional collateral security for the Loan, Borrower conditionally transfers, sets over, and assigns to Lender all of Borrower’s right, title and interest in and to the Management Agreement and all extensions and renewals. This transfer and assignment will automatically become a present, unconditional assignment, at Lender’s option, upon a default by Borrower under the Note, the Loan Agreement, the Security Instrument or any of the other Loan Documents (each, an “Event of Default”), and the failure of Borrower to cure such Event of Default within any applicable grace period.

  • Agreement Amendment If either party hereto requests to amend this agreement, it shall notify the other party in writing, and the other party shall respond within one week. All amendments of this agreement must be made in writing by both parties, and such amendments shall be deemed as inseverable parts of this agreement.

  • Management Rights Letter The Company shall have executed and delivered to each Investor a Management Rights Letter in the form attached hereto as Exhibit H.

  • Consent Letter On the Restatement Effective Date, the Administrative Agent shall have received a letter from CT Corporation System, presently located at 1633 Xxxxxxxx, Xxx Xxxx, XX 00000, xx the form of Exhibit I indicating its consent to its appointment by each Credit Party as their agent to receive service of process.

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