PASSIVE OWNER. SELLER HAS DELEGATED THE DAY-TO-DAY MANAGEMENT AND OPERATION OF THE PROPERTY TO A THIRD PARTY MANAGER OF THE PROPERTY.
Appears in 4 contracts
Samples: Sale and Purchase Agreement (Ashford Hospitality Prime, Inc.), Purchase Agreement (Behringer Harvard Opportunity REIT II, Inc.), Sale and Purchase Agreement (Chesapeake Lodging Trust)
PASSIVE OWNER. SELLER HAS DELEGATED THE DAY-TO-DAY MANAGEMENT AND OPERATION OF THE PROPERTY TO A THIRD PARTY MANAGER OF THE PROPERTYMANAGER.
Appears in 2 contracts
Samples: Purchase Agreement (Chesapeake Lodging Trust), Purchase and Sale Agreement (DiamondRock Hospitality Co)
PASSIVE OWNER. SELLER HAS DELEGATED THE DAY-TO-DAY MANAGEMENT AND OPERATION OF THE PROPERTY TO A THIRD PARTY MANAGER OF THE PROPERTY. SELLER HAS DELEGATED THE LEASING OF THE PROPERTY TO A THIRD PARTY LEASING AGENT FOR THE PROPERTY.
Appears in 1 contract
