Property Services Agreements Sample Clauses

Property Services Agreements. For each Property in which an Operating Company invests, a Fund Entity through which such Operating Company owns such Property shall enter into a property services agreement (a “Property Services Agreement”) with Hxxxx or an Affiliate of Hxxxx (a “Property Manager”) substantially in the form attached hereto as Exhibit A (the “Property Services Agreement Form”) pursuant to which the Property Manager will provide property management, redevelopment and leasing services for such Property. By executing this Agreement, each Limited Partner approves the provisions of the Property Services Agreement Form and consents to the execution, delivery and performance by a Fund Entity of a Property Services Agreement substantially in such form with respect to each Property in which any Operating Company invests. Changes may be made to the Property Services Agreement as the Managing General Partner or the applicable Operating Company deems necessary or appropriate to accommodate the particular circumstances of each Property; provided that the Managing General Partner (i) must obtain the approval of the Non-Managing General Partner for any such changes, and (ii) shall not authorize any increase in the Property Services Fees payable to the Property Manager or any material increase in the risks or obligations to be borne by the Owner under any Property Services Agreement over those provided for in or contemplated by the Property Services Agreement Form, without the consent of the Advisory Committee pursuant to Section 5.4 hereof.
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Property Services Agreements. For each Property in which an Operating Company invests, a Fund Entity through which such Operating Company owns such Property shall enter into a property services agreement (a "Property Services Agreement") with Xxxxx or an Affiliate of Xxxxx (a "Property Manager") substantially in the form attached hereto as Exhibit A (the "Property Services Agreement Form") pursuant to which the Property Manager will provide property management, redevelopment and leasing services for such Property. By executing this Agreement, each Limited Partner approves the provisions of the Property Services Agreement Form and consents to the execution, delivery and performance by a Fund Entity of a Property Services Agreement substantially in such form with respect to each Property in which any Operating Company invests. Changes may be made to the Property Services Agreement as the General Partner or the applicable Operating Company deems necessary or appropriate to accommodate the particular circumstances of each Property; provided that the General Partner shall not authorize any increase in the Property Services Fees payable to the Property Manager or any material increase in the risks or obligations to be borne by the Owner under any Property Services Agreement over those provided for in or contemplated by the Property Services Agreement Form, without the consent of the Advisory Committee pursuant to Section 5.4 hereof.
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Property Services Agreements. For each Property acquired by the Partnership, the Partnership or the Operating Entity through which the Partnership owns such Property shall enter into a property services agreement (a “Property Services Agreement”) with Hxxxx or an Affiliate of Hxxxx (a “Property Manager”) substantially in the form of the Property Services Agreement Form pursuant to which the Property Manager will provide property management, redevelopment and leasing services for such Property. By executing this Agreement, each Limited Partner approves the provisions of the Property Services Agreement Form and consents to the execution, delivery and performance by the Partnership and/or each Operating Entity holding an interest in a Property of a Property Services Agreement substantially in such form with respect to each Property in which the Partnership invests. The General Partner may make such changes to the Property Services Agreement as it deems necessary or appropriate to accommodate the particular circumstances of each Property; provided that the General Partner shall not authorize any increase in the Property Services Fees payable to the Property Manager or any material increase in the risks or obligations to be borne by the Owner under any Property Services Agreement over those provided for in or contemplated by the Property Services Agreement Form, without the consent of the Advisory Committee. The Partnership will be liable for its proportionate share of all obligations to the Property Manager of Owner under all Property Services Agreements. Each Property Manager shall be a third party beneficiary of this Agreement but only to the extent of the preceding sentence.
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Property Services Agreements. (1) With respect to each Regional Center that is owned by an Owning Entity with Outside Partner(s), Manager agrees that it will offer to perform Management Services for such Owning Entity pursuant to a separate Property Services Agreement, provided that the same substantially follows the terms of this Agreement with respect to Management Services or can otherwise be negotiated so as to be acceptable in form and substance to Manager, Owner and (if the governing documents of the Owning Entity so provide) the Outside Partner(s). If and to the extent that Manager has previously entered into any Property Services Agreements with any such Owning Entity, then the terms and provisions of this Agreement shall not be immediately applicable with respect to such Owning Entity and its Regional Center, it being the intention of both Owner and Manager that the terms and provisions of this Agreement shall neither expand nor reduce the rights and obligations of Manager, Owner or the subject Owning Entity, as they are set forth in the applicable Property Services Agreements. If, however, any of the subject Property Services Agreements expires or is terminated, or is otherwise to be amended, then the provisions hereof shall be taken into account as guidelines in connection with the negotiation of any new Property Services Agreement(s) for that Owning Entity and/or its Regional Center. (2) With respect to each Regional Center that is owned by an Owning Entity that does not have any Outside Partners, then the provisions hereof shall be applicable as of the date hereof, regardless of whether or not there are any Property Services Agreements in effect with respect to such Owning Entity and/or its Regional Center (and any such Property Services Agreements shall be deemed to be amended by virtue of the provisions of this Agreement). Owner, as the Person in Control of each such Owning Entity, shall cause the subject Owning Entity to enter into such additional agreements with Manager as may be necessary or appropriate, in order to confirm or effectuate the foregoing.
Sample 1
Property Services Agreements. Certain WPL group companies which are property owners have appointed certain subsidiaries of Xxxxxxxx as their property managers, property agents, and/or leasing agents in respect of various properties in Hong Kong owned by WPL group. Some of the Property Services Agreements are for an initial fixed term of two years and subject to automatic renewal for successive periods of twelve months each with either party having the right to terminate the relevant agreements by giving to the other party three to six months’ prior notice to quit, and the remaining agreements are for a fixed term not exceeding three years. There are various properties owned by WPL group for which Property Services Agreements were entered into. The levels of remuneration for different properties as provided under the Property Services Agreements are not the same due to the differences in the nature, quality, condition and scope of work required in respect of those properties. The remuneration is on the basis of and within the normal range of normal commercial fee level as would be generally adopted for similar service arrangements between property owners and service providers in respect of comparable properties and services in Hong Kong, and is no less favourable than the terms available from independent service providers. The remuneration is payable in cash monthly in arrear. Set out below are the various levels or ranges of remuneration payable under the Property Services Agreements:-
Sample 1

Related to Property Services Agreements

  • Master Services Agreement This Agreement is a master agreement governing the relationship between the Parties solely with regard to State Street’s provision of Services to each BTC Recipient under the applicable Service Modules.

  • 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.

  • Services Agreement “Services Agreement” shall mean any present or future agreements, either written or oral, between Covered Entity and Business Associate under which Business Associate provides services to Covered Entity which involve the use or disclosure of Protected Health Information. The Services Agreement is amended by and incorporates the terms of this BA Agreement.

  • Transition Services Agreement Seller shall have executed and delivered the Transition Services Agreement.

  • Management Services Agreement The term "Management Services ----------------------------- Agreement" shall mean this Management Services Agreement by and between Practice and Business Manager and any amendments hereto.

  • Transitional Services Agreement Seller shall have executed and delivered the Transitional Services Agreement.

  • Administrative Services Agreement The Administrative Services Agreement has been duly authorized, executed and delivered by the Company and is a valid and binding agreement of the Company, enforceable against the Company in accordance with its terms except as the enforceability thereof may be limited by bankruptcy, insolvency, or similar laws affecting creditors’ rights generally from time to time in effect and by equitable principles of general applicability.

  • Existing Management and Franchise Agreements Seller has furnished to Buyer true and complete copies of the Existing Management Agreement and the Existing Franchise Agreement, which constitutes the entire agreement of the parties thereto with respect to the subject matter thereof and which have not been amended or supplemented in any respect. There are no other management agreements, franchise agreements, license agreements or similar agreements for the operation or management of the Hotel or relating to the Brand, to which Seller is a party or which are binding upon the Property, except for the Existing Management Agreement and the Existing Franchise Agreement. The Improvements comply with, and the Hotel is being operated in accordance with, all requirements of such Existing Management Agreement and the Existing Franchise Agreement and all other requirements of the Existing Manager and the Franchisor, including all “brand standard” requirements of the Existing Manager and the Franchisor. The Existing Management Agreement and the Existing Franchise Agreement are in full force and effect, and shall remain in full force and effect until the termination of the Existing Management Agreement and the Existing Franchise Agreement at Closing, as provided in Article V hereof. No default has occurred and is continuing under the Existing Management Agreement or the Existing Franchise Agreement, and no circumstances exist which, with the giving of notice, the lapse of time or both, would constitute such a default.

  • Client Agreements Supplier will have a direct contract with, or provide its standard Product or Service terms directly to, Client, which will be enforceable solely between Client and Supplier, for all terms related to Client’s receipt and use of Products and Services (each a “Client Agreement”), other than the payment, risk of loss, and delivery terms that are contracted directly with Accenture.

  • MANAGEMENT AGREEMENT AND FRANCHISE AGREEMENT (a) At or prior to the Closing, Seller shall terminate the Existing Management Agreement and the Existing Franchise Agreement, and Seller shall be solely responsible for all claims and liabilities arising thereunder on, prior to or following the Closing Date, except termination or similar fees, which shall be paid by Buyer. Seller shall be responsible for paying all costs related to the termination of the Existing Management Agreement and Buyer shall be responsible for paying all reasonable and actual costs of the Franchisor related to the assignment or termination, as applicable, of the Existing Franchise Agreement. (b) At Closing, Buyer shall enter into the New Management Agreement in the form attached as Exhibit E and the New Franchise Agreement, effective as of the Closing Date, containing terms and conditions acceptable to Buyer (including, without limitation, such terms and conditions as may be required to accommodate Buyer’s and/or Buyer’s Affiliates’ REIT structure). (c) Seller shall use best efforts to promptly provide all information required by the Franchisor in connection with the New Franchise Agreement. Prior to the expiration of the Review Period, Buyer and Franchisor shall agree on the form and substance of the New Franchise Agreement. Except as otherwise provided in this Contract, the New Franchise Agreement shall contain such terms and conditions as are acceptable to Buyer in its sole and absolute discretion.

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