Property Manager. Any entity that has been retained to perform and carry out property rental, leasing, operation and management services at one or more of the Properties, excluding persons, entities or independent contractors retained or hired to perform facility management or other services or tasks at a particular Property.
Property Manager. The term “
Property Manager. Provided that no Event of Default exists, Tenant may select and enter into an agreement for the management and operation of the Premises with any party without the consent of Landlord if such party is an Affiliate of Tenant or such parties satisfies the following requirements: (a) such proposed property manager, or the officer or manager having supervisory responsibility for the Project has at least ten years’ experience operating low income/affordable multifamily projects similar in size to or larger than the Project, (b) such proposed property manager is not one against whom any action or proceeding is pending to enforce rights of the Commonwealth of Virginia or any agency, department, public authority or public benefit corporation thereof arising out of a mortgage obligation to the Commonwealth of Virginia or to any such agency, department, public authority or public benefit corporation, and (c) such proposed property manager is not one with respect to whom any notice of default which remains uncured has been given by the Commonwealth of Virginia or any agency, department, public authority or any public benefit corporation thereof arising out of a contractual obligation to the Commonwealth of Virginia or to any such agency, department, public authority or public benefit corporation. Tenant will, prior to the effective date of any such management agreement, notify Landlord of the proposed management agreement and submit to Landlord all information and documents Landlord may reasonably require for its review with respect to the criteria set forth above. If Landlord determines that the third-party manager does not comply with the foregoing criteria, Landlord will so advise Tenant in writing within 20 Business Days, specifying in what respect the proposed third-party manager does not conform to the requirements above. In such event, Xxxxxx will submit a different third-party manager for Landlord’s review in accordance with the terms of this Section or provide evidence reasonably satisfactory to Landlord that such third- party property manager has satisfied the criteria set forth above. Each review by Landlord will be carried out within 20 Business Days of the date of delivery of the information requested hereunder, and if Landlord does not notify Tenant of its determination within such 20 Business Day period, Landlord will be deemed to have determined that the third-party property manager is satisfactory. Each property manager that satisfies the requirement...
Property Manager. Borrower shall manage or cause the apartment complex which is part of the Project (the “Apartment Complex”), and all appurtenances thereto that are a part of the Project, to be managed in a prudent and business-like manner, consistent with property management standards for other comparable first quality, well-managed affordable rental housing projects in the County. Borrower may contract with a property management company or property manager to operate and maintain the Apartment Complex in accordance with the terms of this Section 8 (“Property Manager”); provided, however, the selection and hiring of the Property Manager (and each successor or assignee) is and shall be subject to prior written approval of Executive Director (or designee) in his sole discretion. Related Management Company, L.P., a New York limited partnership (“Related Management”) is hereby approved to act as the Property Manager for the Apartment Complex. Except for Related Management, Borrower shall conduct due diligence and background evaluation of any potential outside property manager or property management company to evaluate experience, references, credit worthiness, and related qualifications as a property manager. Any proposed property manager shall have prior experience with projects and properties comparable to the Apartment Complex and the references and credit record of such manager/company shall be investigated (or caused to be investigated) by Borrower prior to submitting the name and qualifications of such proposed property manager to the Executive Director for review and approval. A complete and true copy of the results of such background evaluation shall be provided to the Executive Director. Approval of a Property Manager by Executive Director shall not be unreasonably delayed but shall be in his sole discretion, and Executive Director shall use good faith efforts to respond as promptly as practicable in order to facilitate effective and ongoing management of the Apartment Complex. Furthermore, the identity and retention of any approved Property Manager shall not be changed without the prior written approval of the Executive Director (or designee), which approval shall not be unreasonably delayed, but shall be in his sole discretion. The selection by Borrower of any new Property Manager also shall be subject to the foregoing requirements. The terms of the property management agreement entered into between Borrower and the Property Manager shall include or incorporate by ...
Property Manager. A person who is primarily responsible for overseeing the management of the Property hereunder and who is experienced in the administration and operation of warehouse, and/or light industrial, and/or service center facilities of the size, type, use, and quality of the Property;
Property Manager. Lender hereby approves INLAND NORTHWEST MANAGEMENT CORP. as manager of the Property, subject to its execution of the letter attached as EXHIBIT B hereto.
Property Manager. (i) The Company shall have a manager (the "PROPERTY MANAGER") who shall be Mxxxxxx/Txxxxx Partners Development, Ltd., a California limited partnership. The Property Manager shall be responsible for the implementation of the decisions of the Management Committee and for conducting the ordinary and usual business and affairs of the Company as more fully set forth herein and in the Management Agreement referred to below. The Management Committee of the Company shall require that the Property Manager shall at all times conform to the policies and programs established by the Management Committee and that the scope of the Property Manager's authority shall be limited to said policies and programs. The acts of the Property Manager shall bind the Members and the Company only when within the scope of such Property Manager's authority. The Property Manager shall at all times be subject to the direction of the Management Committee, and the Management Committee shall require that the Property Manager shall keep such Management Committee informed as to all matters of concern to the Company. o th The duties, obligations and compensation of the Property Manager are set forth in the existing Property Management and Leasing Agreement between the Company and the Property Manager. The Property Manager may be another affiliate of Mxxxxxx Partners if Mxxxxxx/Txxxxx Partners-Development, Ltd. resigns for any reason. The Property Manager may, but is not obligated to, hire a professional building management firm to assist in carrying out the duties of the Property Manager, in which event such affiliate of Mxxxxxx Partners shall receive such compensation, if any, for performing the duties of the Property Manager as may be Approved by the Management Committee. The Property Manager may, with the Approval of the Management Committee, be terminated as the Property Manager with or without cause as provided in the Management Agreement; provided that if an affiliate of Mxxxxxx Partners is acting as the Property Manager, Carlyle 14 and Carlyle 15 may, with cause, terminate its employment as the Property Manager and may, with or without cause, terminate the employment of any professional building management firm employed by Mxxxxxx Partners to assist it as aforesaid. In the event that the Management Committee cannot agree upon the appointment of any successor Property Manager within thirty (30) days after the termination or removal of such Property Manager, then within thirty (30) days aft...
Property Manager. As of the date hereof, the manager of each Property is the Borrower or a Qualifying Investment Affiliate.
Property Manager. IRET Properties, a North Dakota Limited Partnership 00000 Xxxxxxxxx Xxxxxx, Xxxxx 000 Xxxx Xxxxxxx, XX 00000 Telephone: (000) 000-0000
Property Manager. Manager shall retain the services of an experienced project manager (as an employee of Manager) (the "PROPERTY MANAGER"), at Owner's cost, to perform the on-site management functions specified herein.
