Common use of Management and Property Contract Clause in Contracts

Management and Property Contract. Borrower has received a copy of the management contract for the Applicable Resort (the "Management Contract") and Borrower and Lender have determined to their mutual satisfaction that the Applicable Resort is being managed by a professional management company acceptable to Borrower and Lender.

Management and Property Contract. The applicable Borrower has received a copy of the management contract for the Applicable Resort (the "Management Contract") and Borrower and Lender have determined to their mutual its satisfaction that the Applicable Resort is being managed by a professional management company acceptable to Borrower and Lendersuch Borrower.

Management and Property Contract. Borrower has received a copy of the management contract for the Applicable Resort (the "Management Contract") and Borrower and Lender have determined to their mutual its satisfaction that the Applicable Resort is being managed by a professional management company acceptable to Borrower and Lender.