Common use of No Material Agreements Clause in Contracts

No Material Agreements. Other than the Leases, the Permitted Title Exceptions, the Management Agreement, service and supply contracts cancellable on not more than thirty (30) days' notice and arm's-length third party contracts for cable service, laundry services, trash contracts and sewer facilities not cancellable on thirty (30) days or less notice and which do not in the aggregate provide for annual payments by Borrower in excess of $25,000, there are no other agreements affecting the Properties.