New Management Agreements. Prior to the Closing, each of the Sellers shall cause each of the Existing Management agreements listed on Schedule 7.10 to be replaced with the New Management Agreements in the form or forms to be provided by Purchaser to Sellers prior to the Closing hereunder, consistent with Schedule 7.20. The New Management Agreements shall become effective only subject to and upon the consummation of the closing under the Asset Purchase Agreement. Promptly following the execution and delivery of the New Management Agreements by the parties thereto, and in any event at or prior to the Closing, the Sellers shall provide fully-executed copies of the New Management Agreements to Purchaser.
New Management Agreements. References in any of the Loan Documents to a "Management Agreement" or a "management agreement" shall refer, respectively, to the two (2) New Management Agreements or the existing management agreements for the particular Affected Properties described in Sections 5, 6 and 13 of the Transaction Summary.
New Management Agreements. Subject to the terms and conditions set forth herein, on the Assignment Date, the applicable TRS Lessees shall enter into a management agreement with the IH Manager for each of the Hotels as to which the applicable Lease has been assigned to the TRS Lessee, such management agreement to be in substantially the form attached hereto as Exhibit 4(b) (the “Management Agreement”) and to be effective as of the applicable Lease Assignment Time.
New Management Agreements. The occurrence of the Borrower or any Loan Party entering into a Management Agreement with a non-Affiliate;
New Management Agreements. A copy, certified by an approved person to be a true and complete copy, of the New Management Agreements.
New Management Agreements. Upon the Effective Date, certain affiliates of Landlords shall enter into a new management agreement for each Facility in substantially the same form as Exhibit A attached hereto and certain affiliates of Landlords and Manager shall enter into a new sub-management agreement for each Facility in substantially the same form as Exhibit B attached hereto (collectively, the “New Management Agreements”).
New Management Agreements. (a) the relevant New Management Agreement to be in a form and substance (including without limitation as to the level of management fee payable) satisfactory to the Agent; and
(b) evidence satisfactory to the Agent that the relevant New Management Agreement in relation to the relevant Vessel has been entered into and is in full force and effect;
New Management Agreements. 4.6(c) Offer................................................................
New Management Agreements. Cristinel having entered into a management agreement with the Company and each other key employees of the Company (as listed in Appendix 10) kept the existing ones including terms and conditions which are mutually satisfactory to such individuals and Buyer. For the avoidance of any doubt the form and substance of the management agreement of Cristinel or any of his Affiliates is provided in the Appendix 8 attached hereto (the “Management Agreement”), which shall include, inter alia, customary non-competition and non-solicitation provisions and a compensation package.
New Management Agreements. Each of the New Asset Management Agreement and the New Property Management Agreements shall be in full force and effect and no breach of the terms of any such agreement shall have occurred.
