Common use of Management of the Project Clause in Contracts

Management of the Project. Borrower will manage the Project, including all marketing, leasing, collections, maintenance and servicing duties, in a competent and professional manner. Borrower will not enter into, materially modify or amend or otherwise modify or amend any of the economic terms, terminate or cancel any management agreement for the Project or agreements with agents or brokers, without the prior written approval of Lender.

Appears in 2 contracts

Samples: Construction Loan Agreement, Construction Loan Agreement (CNL Growth Properties, Inc.)

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Management of the Project. Borrower will manage the Project, including all marketing, leasing, collections, maintenance and servicing duties, in a competent and professional manner. Other than the Management Agreements and leasing agreements with third party brokers, Borrower will not enter into, materially modify or amend or otherwise modify or amend any of the economic termsmodify, amend, terminate or cancel any management agreement for the Project or agreements with agents or brokers, without the prior written approval of LenderAgent.

Appears in 1 contract

Samples: Construction Loan Agreement (Investors Real Estate Trust)

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Management of the Project. Borrower will manage the Project, including all marketing, leasing, collections, maintenance and servicing duties, in a competent and professional manner. Borrower will not enter into, materially modify or amend or otherwise modify or amend any of the economic termsmodify, amend, terminate or cancel any management or leasing agreement for the Project or agreements with agents or brokers, without the prior written approval of Lender.

Appears in 1 contract

Samples: Construction and Mini Perm Loan Agreement (HMG Courtland Properties Inc)

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