Management and Leasing Sample Clauses
Management and Leasing. (A) Borrowers shall cause Manager to manage the each Individual Property in accordance with the Management Agreement. Each Borrower shall (i) diligently perform and observe all of the material terms, covenants and conditions of the Management Agreement to which it is a party on the part of such Borrower to be performed and observed and (ii) promptly notify Lender of any notice to any Borrower of any default under any of the Management Agreement of which it is aware. If any Borrower shall default in the performance or observance of any material term, covenant or condition of the Management Agreement on the part of such Borrower to be performed or observed beyond applicable notice and cure periods, then, without limiting Lender’s other rights or remedies under this Agreement or the other Loan Documents, and without waiving or releasing Borrowers from any of its obligations hereunder or under the Management Agreement upon five (5) Business Days’ notice to Borrowers, Lender 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 such Borrower to be performed or observed. Borrowers shall cause any new Manager to execute and deliver a subordination agreement reasonably satisfactory to Lender at the time of execution and delivery of any Management Agreement.
(B) No Borrower shall surrender, terminate, cancel, materially modify, renew or extend such Management Agreement, or enter into any other Management Agreement with Manager or any other Person, or consent to the assignment by the Manager of its interest under the Management Agreement, in each case without the express consent of Lender, which consent may be conditioned upon Borrowers delivering a Rating Confirmation. If at any time Lender consents to the appointment of a new Manager (which consent shall not be unreasonably withheld in the absence of an Event of Default if a Rating Confirmation is obtained, or if Lender does not require a Rating Confirmation), such new Manager and Borrowers shall, as a condition of Lender’s consent, execute a subordination of management agreement in the form delivered in connection with the closing of the Loan.
(C) Lender shall have the right to require Borrowers to replace the Manager with a Person chosen by Lender, upon the earliest to occur of any one or more of the following events: (i) the occurrence and continuanc...
Management and Leasing. Broker shall use its best efforts to:
(i) Manage, supervise the maintenance of, and operate the Property.
(ii) Lease or rent the Property, including negotiating for and entering into leases on behalf of Owner, for terms not in excess of:
Management and Leasing. BROKER shall use its best effort to manage, maintain and operate the PROPERTY. BROKER shall also use its best effort to perform and evaluate credit and background checks for prospective tenants, to approve or decline such tenant applications based on BROKER’S standard guidelines, and to lease or rent the PROPERTY, including negotiating for and entering into leases on behalf of OWNER, including lease extensions, lease renewals and rent increases, for periods up to and including twelve months duration, unless otherwise authorized by OWNER. Leases shall be written on BROKER’S standard forms.
Management and Leasing. From the date hereof until the execution and delivery of the Amended and Restated AMA Partnership, Brandywine shall have sole authority to control the leasing and management of ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ and shall have sole authority to set the operating and capital budgets for ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇. Upon execution and delivery of the Amended and Restated AMA Partnership Agreement, control over leasing and management of ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ shall be as provided in the Amended and Restated AMA Partnership Agreement.
Management and Leasing. Broker shall use its best efforts to:
(i) Manage, supervise the maintenance of, and operate the Property.
(ii) Lease or rent the Property, including negotiating for and entering into leases on behalf of Owner, for terms not in excess of: 38. days month(s) year(s) and rent in the amount of $ or as otherwise agreed 39. upon or accepted by Owner; 40. (iii) Collect rents, deposits, and other fees.
Management and Leasing. (a) The Mortgagor covenants that the Mortgaged Property shall be managed by the Mortgagor or, at the option of Mortgagor, by a management company which shall have been approved in writing by the Mortgagee and pursuant to a management agreement which shall have been approved in writing by the Mortgagee prior to the execution thereof.
(b) In the event Mortgagor elects to engage a management company but shall fail to select a company approved by Mortgagee, such failure shall constitute an Event of Default under this Amended and Restated Mortgage.