Common use of Management and Operation of the Premises Clause in Contracts

Management and Operation of the Premises. Tenant shall be responsible for overall management and control of the Premises as a first class property. Tenant shall perform its obligations under this Section 6.3, or cause them to be performed, in a manner which demonstrates managerial skill, knowledge, judgment and practice which is standard for the management of Comparable Improvements located in the vicinity of the University. Tenant acknowledges Landlord’s concern that, because the Improvements are located in the University’s campus, they must be operated, maintained and managed in first class condition, and that Landlord, in agreeing to the terms of this Lease, is relying on the expertise, experience and reputation of Tenant, and its constituent partners, officers and directors, to cause the Improvements to be operated, maintained, and managed in said first class condition. Tenant shall perform or cause to be performed, at its expense, management services which are customarily provided at similar projects located in the vicinity of the University. These services shall include, but are not limited to, the following:

Management and Operation of the Premises. Tenant shall be responsible for overall management and control of the Premises as a first class property. Tenant shall perform its obligations under this Section 6.3, or cause them to be performed, in a manner which demonstrates managerial skill, knowledge, judgment and practice which is standard for the management of Comparable Improvements located in the vicinity of the University. Tenant acknowledges Landlord’s concern that, because the Improvements are located in the University’s campus, they must be operated, maintained and managed in first class condition, and that Landlord, in agreeing to the terms of this Lease, is relying on the expertise, experience and reputation of Tenant, and its constituent partners, officers and directors, to cause the Improvements to be operated, maintained, and managed in said first class condition. Tenant shall perform or cause to be performed, at its expense, management services which are customarily provided at similar projects located in the vicinity of the University. These The property management services shall include, but are not limited to, the following: