Property Manager Termination Event Sample Clauses
Property Manager Termination Event. The occurrence of a Property Manager Termination Event and a Seller has not appointed a successor Property Manager acceptable to Administrative Agent within thirty (30) days of Administrative Agent’s written request. An Event of Default shall be deemed to be continuing unless expressly waived by Administrative Agent in writing.
Property Manager Termination Event. A Property Manager Termination Event shall have occurred and Borrowers shall not have terminated the Property Manager and transferred the property management of the Financed Rental Properties to a successor property manager that is acceptable to Lender, acting in good faith, within thirty (30) days of such Property Manager Termination Event (or such longer time as may be agreed upon by Lender, acting in good faith); or