Property Management Agreement. The Property Management Agreement is in full force and effect and, to Borrower's Knowledge, there are no defaults thereunder by any party thereto and no event has occurred that, with the passage of time and/or the giving of notice would constitute a default thereunder.
Property Management Agreement. The term “
Property Management Agreement. Lender shall have received a certified copy of the Property Management Agreement with respect to the Property which shall be satisfactory in form and substance to Lender.
Property Management Agreement. Borrower shall (i) cause the applicable Property to be operated pursuant to the applicable Property Management Agreement, if any; (ii) promptly perform and/or observe or cause to be performed and/or observed in all material respects all of the covenants, agreements and obligations required to be performed and observed by the applicable Borrower under the applicable Property Management Agreement, if any, and do all things necessary to preserve and to keep unimpaired its material rights thereunder; (iii) promptly notify Lender of any default under or any material adverse change with respect to any Property Management Agreement, if any; (iv) promptly deliver to Lender a copy of each financial statement, business plan, capital expenditures plan, and/or notices of default received by the applicable Borrower under the applicable Property Management Agreement, if any; and (v) use best efforts to promptly enforce or cause to be enforced in all material respects the performance and observance of all of the covenants and agreements required to be performed and/or observed by the applicable Borrower under the applicable Property Management Agreement. Without Lender’s prior written consent, which shall not be unreasonably withheld, Borrower shall not (A) surrender, terminate or cancel any Property Management Agreement; (B) reduce or consent to the reduction of the term of any Property Management Agreement; (C) fail to exercise any option or right to renew or extend the term of any Property Management Agreement; (D) surrender, terminate, forfeit, or suffer or permit the surrender, termination or forfeiture of any Property Management Agreement; (E) increase or consent to the increase of the amount of any charges under any Property Management Agreement; (F) modify, change, supplement, alter or amend any Property Management Agreement or waive any of its rights and remedies under any Property Management Agreement; or (G) grant its consent or approval as may be requested or required in connection with the terms and provisions of any Property Management Agreement. Any Property Management Agreement shall at all times be terminable without payment of a premium or fee immediately upon an Event of Default and otherwise upon not less than thirty (30) days’ prior written notice; provided, however, that without the prior written consent of Lender, Borrower shall not enter into any new agreement, or modify, amend, supplement, assign, replace or terminate any existing agreement, in e...
Property Management Agreement. A copy of the document or agreement terminating the Company’s current management agreement for the Property; and
Property Management Agreement. Buyer agrees that Buyer shall enter into a Property Management Agreement with CB Richard Ellis and XX Development Company for the management of the Property after Closing in accordance with Property Management Agreement attached hereto as Exhibit N and incorporated herein by reference.
Property Management Agreement. The Property Management Agreement (as hereinafter defined in Article 9) with CB Richard Ellis and BC Xevelopment Company executed and acknowledged by Buyer.
Property Management Agreement. Borrower shall not enter into any agreement relating to the management or operation of the Facility without the express written consent of Administrative Agent and on terms and conditions approved by the Administrative Agent.
Property Management Agreement. If the Mortgaged Property is not self-managed, delivery of a copy of the fully executed property management agreement, the form and content of which is acceptable to Lender.
Property Management Agreement. The Managing Member shall not consent to any amendment to the Property Management Agreement that materially increases the liabilities or obligations of the Company without the consent of the Required Additional Members.
