Memorandum of Management Agreement. A memorandum of the Management Agreement to be recorded against title to the Real Property (the “Memorandum of Management Agreement”).
Memorandum of Management Agreement. The term “Memorandum of Project Consulting and Management Agreement” shall mean a memorandum in substantially the form attached to the Agreement as Exhibit “B.” Net Cash Flow. The term “Net Cash Flow” shall be an amount equal to pre-tax accounting income of the Project determined in accordance with Generally Accepted Accounting Principles.
Memorandum of Management Agreement. Prepared by and after Recording, return to:
Memorandum of Management Agreement. Owner and Manager shall, simultaneously with the execution of this Agreement, execute memoranda or short forms of this Agreement containing the names of the parties, legal descriptions for the land on which the Hotels are located, the term of this Agreement, and such other provisions as either party may require in such forms as may be required for recording purposes in each jurisdiction in which a Hotel is located. The cost and expense of recording the memoranda, short forms or, where necessary, a duplicate original of this Agreement shall be borne by Owner. Each party agrees that it will not record this Agreement in its entirety unless such a recording is required to protect the rights of either party or unless required by applicable law.
Memorandum of Management Agreement. Promptly after its acquisition of the Site, Owner agrees to execute and deliver all such documents, agreements and other instruments and take all such actions as Operator may request to make effective the foregoing provisions of this Article XX, including, without limitation, a memorandum which shall be filed and recorded in the appropriate land records. Each party acknowledges that in addition to all other rights each party may have, at law and in equity, to enforce its rights under this Agreement and/or recover damages for the breach thereof, each party shall have the right to seek and obtain specific performance of this Agreement and to seek and obtain injunctions and other equitable relief as may be necessary to protect, preserve and enforce its rights under this Agreement.
Memorandum of Management Agreement. A. The parties hereto contemplate that this Agreement should not and shall not be filed for record, but in lieu thereof, at the request of either party, Owner and Manager shall execute a Memorandum of Agreement to be recorded for the purpose of giving record notice of the appropriate provisions of this Management Agreement.
