Owner Agreements Sample Clauses

Owner Agreements. Those certain Owner Agreements between a Seller, Operating Tenant and a Manager which relate to Hotels with Assumed Management Agreements. Each of the Owner Agreements is at times herein referred to as an Owner Agreement.

Owner Agreements. Owner grants REALTOR® the exclusive right of sale in the sale of the Property. Owner warrants to REALTOR® that the representations of the Property furnished to REALTOR® by the Owner are true and correct. Owner specifically acknowledges and understands that if Owner knows of facts materially affecting the value or desirability of the Property (if the Property is residential property), whether those facts are readily observable or not readily observable, then Owner is under a duty to disclose those facts to REALTOR® and to any potential buyer prior to the offer received from the buyer. If Owner knows of such facts, he shall set them forth by written document attached to this Agreement. If no such document is attached to this Agreement at the time it is signed by Owner, Owner affirmatively represents and warrants to REALTOR® that there are no facts materially affecting the Property and Owner warrants, to the best of his knowledge and belief, the accuracy of said information. Owner agrees to indemnify and hold harmless REALTOR® and those relying thereon for damages resulting from inaccuracy of such information and from Owners failure to disclose any facts materially affecting the value or desirability of the property.

Owner Agreements. 1. The OWNER agrees that any TENANT GRIEVANCE OR APPEAL from a management's decision shall be resolved in accordance with procedures consistent with RD regulations covering such procedures which are posted in the rental office. 2. The OWNER agrees to provide heat and light to all enclosed common areas at no cost to TENANT. 3. The OWNER agrees to maintain the buildings and any common areas in a decent, safe and sanitary condition in accordance with RD regulations and applicable building and housing codes materially affecting health and safety. Failure to maintain the buildings and any common areas in a safe and habitable condition shall constitute a breach of an expressed and implied warranty of habitability. In such an event, TENANT may pursue any action or remedy afforded by law. OWNER'S liability shall be limited under this agreement to damages incurred by TENANT from a material breach of a warranty of habitability. [ 4. The OWNER agrees to furnish: [ ] Refrigerator ] Range [ ] Oven [ ] Window Air Conditioner [ ] Without additional charge to TENANT. The OWNER shall not be held liable for damages in case of failure to furnish any of the above-listed items during any portion of the term of this lease if prevented from doing so by circumstances beyond the OWNER's control. 5. The OWNER agrees to provide and maintain appropriate receptacles and conveniences for the removal of garbage, ashes, rubbish, and other wastes incidental to the occupancy of the premises and to arrange for their removal. 6. OWNER reserves the right to use separate legal process to collect monetary claims for damages if the security deposit is not adequate for damages. 7. The OWNER agrees to accept tenant contribution without regard to any other charges owed by the TENANT to the OWNER and to seek legal remedy for the collection of any other charges which may accrue to the OWNER from the TENANT(S). 8. The OWNER agrees not to discriminate against the TENANT in the provision of services or in any other manner on the grounds of race, color, creed, religion, sex, national origin, age, handicap, or familial status. 9. OWNER agrees that no increase in the tenant's contribution to rent will take place due to prepayment of the RD loan during the term of the lease.

Owner Agreements. At all times during the performance of the Work at the Site, Contractor shall comply, and shall cause all Subcontractors performing Work at the Site to comply, with the requirements of the leases, easement and other rights affecting Owner’s or the Common Facilities Owner’s real property as set forth in Appendix LL, including allowing third parties to access the Site in accordance with such rights.

Owner Agreements. Each Owner (a) and Seller will have executed and delivered to Buyer a Non-Competition Agreement, in the form of EXHIBIT A attached hereto, and (b) a Guaranty Agreement, in the form of EXHIBIT D attached hereto.

Owner Agreements. If Owner directs, Manager shall pay when due (i) all debt service and other amounts due under any mortgages which encumber the Center or any part thereof, and give Owner notice of the making of each payment and (ii) all rent and other charges payable under any ground lease of land included in the Center under which Owner is tenant. Manager shall cause the requirements on the part of Owner under all such mortgages and ground leases of space in the Center, all ground leases and reciprocal easement agreements with department stores and all other agreements affecting or relating to Manager to be carried out and complied with in all material respects, but only to the extent that such requirements are at the time reasonably capable of being carried out by Manager and complied with and Manager has available the necessary funds therefor from collections from the Center or advances by Owner. Manager shall promptly notify Owner of any default under any such mortgage, lease, reciprocal easement or other agreement on the part of Owner, the tenant or other party thereto of which Manager becomes aware. Manager shall use commercially reasonable good faith efforts to require compliance with the requirements of mortgages, leases of space in the Center, ground lease, reciprocal easement agreements, operating agreements and all other agreements affecting or relating to the Center which are known or made known to Manager on the part of tenants, department stores and other parties thereof and enforce compliance with the rules and regulations and other standards adopted by the Owner from time to time. Manager shall timely prepare any statements that Owner is required to submit under the terms of any mortgages, ground leases, reciprocal easement agreements and leases. SECTION V --------- BEARING OF EXPENSES ------------------- Section 5.1 Manager shall pay all expenses of operating the Center from the Center Disbursement Account in such amounts as are necessary within the scope of the authority granted to Manager under Section 2.1 of this Agreement or according to the then current Approved Annual Budget. Section 5.2 If the funds on deposit in the Center Disbursement Account are insufficient to cover the amounts which are necessary according to the then current Approved Annual Budget to pay the operating expenses for such month, Manager shall promptly notify Owner, and Owner shall promptly make up such negative cash flow by depositing an amount equal to the deficit in the Center ...

Owner Agreements. The OWNER agrees that any TENANT GRIEVANCE OR APPEAL from management’s decision shall be resolved in accordance with procedures consistent with RD regulations covering such procedures, which are posted in the rental office.

Owner Agreements. True, correct and complete copies of the organizational documents of each Owner as modified and/or amended have been delivered or made available to Buyer. The organizational documents of each Owner are in full force and effect and have not been further modified, supplemented or amended.

Owner Agreements