Manager's Agreements. Manager hereby consents to and agrees to each and every one of the following covenants and agreements for the benefit of Lender and as a condition to Lender's making the Loan:
Manager's Agreements. Notwithstanding any terms of the Management Agreement to the contrary, Manager hereby consents to and covenants and agrees as follows:
Manager's Agreements. Notwithstanding any terms of the Management Agreements to the contrary, Manager hereby consents to and covenants and agrees with Landlord, Mortgage Lender and Mezzanine Lender as follows:
Manager's Agreements. (a) Manager agrees that during the term of the Management Agreement, without Landlord’s prior written consent, which consent shall not unreasonably be withheld, conditioned or delayed, Manager will not:
Manager's Agreements. Manager shall provide City with a copy of all agreements or contracts between Manager and any party who will assist Manager in carrying out the terms of this Agreement.
Manager's Agreements. Manager covenants and agrees, represents and warrants with and to Corporation and for the benefit of the Trustee that:
Manager's Agreements. AGH has advised Manager that Borrower intends -------------------- to obtain the Credit Facility from the Banks. The Credit Facility is evidenced by, among other things, those certain Promissory Notes dated as of the date of the Credit Agreement, executed by Borrower and payable to the order of Banks in the aggregate original principal sum equal to the amount of the Credit Facility (the "Notes"). Manager hereby consents to and agrees to be bound by all the terms of those certain Assignments of Management Agreements by AGH for the benefit of Borrower and its affiliates (the "Assignments"), the provisions of which are hereby incorporated fully by reference. Manager also understands and acknowledges that the rights conveyed pursuant to such Assignments have been or will be collaterally assigned by Borrower and its affiliates to Agents and the Banks as additional security for the Credit Facility. In connection therewith, Manager further agrees to each and every one of the following for the benefit of Agents and the Banks and as an inducement to Banks to extend credit to Borrower pursuant to the terms of the Credit Agreement:
Manager's Agreements. 2.01 The Manager will undertake all activities which will further and enhance the business and affairs of the Company as he is directed by the Board of Directors. For purposes of this Agreement, “
Manager's Agreements. (a) The Manager hereby acknowledges the existence of the Senior Indebtedness, the Subordinated Indebtedness and the liens securing such obligations. The Manager agrees that, upon notice from the Master Collateral Agent, upon the occurrence and during the continuance of an Event of Default under any of the Subordinated Notes or the Senior Note, the Manager shall not accept or receive, or take any action to collect or enforce, the payment of 41.67% of the management fee owed to it under the Management Agreement, and hereby agrees that any amount received in excess of 58.33% of such fee subsequent to such notice shall be held in trust for the Senior and Subordinated Noteholders. The foregoing subordination shall not constitute a release of the obligations of the Borrower to the Manager under the Management Agreement and shall not affect the Manager's rights and remedies under the Management Agreement against Borrower for non-payment of fees at such times as such Event of Default has not occurred or is not continuing or at any time the Senior Indebtedness and Subordinated Indebtedness is indefeasbly paid in full; provided, however, that, notwithstanding any provision to the contrary contained herein, the Manager shall not take any action which causes the filing of a petition in bankruptcy against Borrower unless and until the Senior Indebtedness and the Subordinated Indebtedness is indefeasibly paid in full.
