Management of Facility. Unless otherwise agreed to in writing by Lessor ---------------------- (i) Lessee shall cause the Facility to be managed and leased to Residents and Tenants at all times by Lessee or an Affiliate of Lessee, (ii) Lessee shall not enter into any agreement (oral or written) with respect to such management and leasing activities unless the terms thereof and the proposed manager or leasing agent have been approved in writing by Lessor, (iii) all such management or leasing agreements must be in writing, and (iv) all management or leasing agreements with an Affiliate of Lessee must contain provisions to the effect that (A) the obligation of Lessee to pay management fees is subordinate to its obligation to pay the Rent, and (B) the manager shall not have the right to collect any management fees during the continuance of an Event of Default.
Appears in 2 contracts
Samples: Lease Agreement (Emeritus Corp\wa\), Lease Agreement (Emeritus Corp\wa\)
Management of Facility. Unless otherwise agreed to in writing by Lessor ----------------------
(i) Lessee shall cause the Facility to be managed and leased to Residents and Tenants (including any leasing activities) at all times by Lessee or an Affiliate of Lessee, (ii) Lessee shall not enter into any agreement (oral or written) with respect to such management and leasing activities unless the terms thereof and the proposed manager or leasing agent have been approved in writing by Lessor, (iii) all such management or leasing agreements must be in writing, and (iv) all management or leasing agreements with an Affiliate of Lessee must contain provisions to the effect that (A) the obligation of Lessee to pay management fees is subordinate to its obligation to pay the Rent, and (B) the manager shall not have the right to collect any management fees during the continuance of an Event of Default.
Appears in 2 contracts
Samples: Lease Agreement (Balanced Care Corp), Lease Agreement (Balanced Care Corp)
Management of Facility. Unless otherwise agreed to in writing by Lessor ----------------------
(i) Lessee i)Lessee shall cause the Facility to be managed and leased to Residents and Tenants at all times by Lessee or an Affiliate of Lessee, (ii) Lessee shall not enter into any agreement (oral or written) with respect to such management and leasing activities unless the terms thereof and the proposed manager or leasing Leasing agent have been approved in writing by Lessor, (iii) all such management or leasing agreements must be in writing, and (iv) all management or leasing lease agreements with an Affiliate of Lessee must contain provisions to the effect that (A) the obligation obligations of Lessee to pay management fees is subordinate to its obligation obligations to pay the Rent, and (B) the manager shall not have the right to collect any management fees during the continuance of an Event of Default.
Appears in 1 contract
Samples: Lease Agreement (Emeritus Corp\wa\)
Management of Facility. Unless otherwise agreed to in writing by Lessor ----------------------
(i) Lessee shall cause the Facility to be managed and leased to Residents and Tenants at all times by Lessee or an Affiliate of Lessee, (ii) Lessee shall not enter into any agreement (oral or written) with respect to such management and leasing activities unless the terms thereof and the proposed manager or leasing agent have been approved in writing by Lessor, (iii) all such management or leasing agreements must be in writing, and (iv) all management or leasing agreements with an Affiliate of Lessee must contain provisions to the effect that (A) the obligation of Lessee to pay management fees is subordinate to its obligation to pay the Rent, and (B) the manager shall not have the right to collect any management fees during the continuance of an Event of Default.an
Appears in 1 contract
Samples: Lease Agreement (Integrated Living Communities Inc)
Management of Facility. Unless otherwise agreed to in writing by Lessor ----------------------
(i) Lessee shall cause the Facility to be managed and leased to Residents and Tenants at all times by Lessee or an Affiliate of Lessee, (ii) Lessee shall not enter into any agreement (oral or written) with respect to such management and leasing activities unless the terms thereof and the proposed manager or leasing agent have been approved in writing by Lessor, (iii) all such management or leasing agreements must be in writing, and (iv) all management or leasing agreements with an Affiliate of Lessee must contain provisions to the effect that (A) the obligation of Lessee to pay management fees is subordinate to its obligation to pay the Rent, and (B) the manager shall not have the right to collect any management fees during the continuance of an Event of Default.
Appears in 1 contract
Samples: Lease Agreement (Emeritus Corp\wa\)
Management of Facility. Unless otherwise agreed to in writing by Lessor -------------------------------------------- Lessor
(i) Lessee shall cause the Facility to be managed and leased to Residents and Tenants at all times by Lessee or an Affiliate of Lessee, (ii) Lessee shall not enter into any agreement (oral or written) with respect to such management and leasing activities unless the terms thereof and the proposed manager or leasing agent have been approved in writing by Lessor, (iii) all such management or leasing agreements must be in writing, and (iv) all management or leasing agreements with an Affiliate of Lessee must contain provisions to the effect that (A) the obligation of Lessee to pay management fees is subordinate to its obligation to pay the Rent, and (B) the manager shall not have the right to collect any management fees during the continuance of an Event of Default.
Appears in 1 contract
Samples: Lease Agreement (Emeritus Corp\wa\)
Management of Facility. Unless otherwise agreed to in writing by Lessor ----------------------
(i) Lessee shall cause the Facility to be managed and leased to Residents and Tenants at all times by Lessee or an Affiliate of Lessee, (ii) Lessee shall not enter into any agreement (oral or written) with respect to such management and leasing activities unless the terms thereof and the proposed manager or leasing agent have been approved in writing by Lessor, (iii) all such management or leasing agreements must be in writing, and (iv) all management or leasing agreements with an Affiliate of Lessee must contain provisions to the effect that (A) the obligation of Lessee to pay management fees is subordinate to its obligation to pay the Rent, and (B) the manager shall not have the right to collect any management fees during the continuance of an Event of Default.
Appears in 1 contract
Samples: Lease Agreement (Integrated Living Communities Inc)
Management of Facility. Unless otherwise agreed to in writing by Lessor ----------------------
(i) Lessee shall cause the each Facility to be managed and leased to Residents and Tenants at all times by Lessee or an Affiliate of Lessee, (ii) Lessee shall not enter into any agreement (oral or written) with respect to such management and leasing activities unless the terms thereof and the proposed manager or leasing agent have been approved in writing by Lessor, (iii) all such management or leasing agreements must be in writing, and (iv) all management or leasing agreements with an Affiliate of Lessee must contain provisions to the effect that (A) the obligation of Lessee to pay management fees is subordinate to its obligation to pay the Rent, and (B) the manager shall not have the right to collect any management fees during the continuance of an Event of Default.
Appears in 1 contract
Samples: Lease Agreement (Emeritus Corp\wa\)