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.
Sample 1Sample 2Sample 3See All (6)
AutoNDA by SimpleDocs
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.
Sample 1Sample 2
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.
Sample 1Sample 2
Property Services Agreements. (1) With respect to each Development Opportunity that is owned by an Owning Entity with Outside Partner(s), Manager agrees that it will offer to provide Development Services to such Owning Entity pursuant to a separate Property Services Agreement, provided that the same substantially follows the terms of this Agreement with respect to Development 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 Development Opportunity, 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 existing 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 Development Opportunity.
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

  • Services Agreements For at least the first twelve (12) months after Closing, the Parties agree that all research, development, and regulatory activities to be performed under the Work Plan (which will be agreed upon in accordance with the Operating Agreement of the Company) shall be conducted by the Parties as in-kind contributions to the Company, except as otherwise provided in the Operating Agreement. Such activities shall be performed pursuant to a services agreement between each of the Parties and the Company, which services agreements shall be included in the Future Related Agreements. *** Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.

  • 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.

Time is Money Join Law Insider Premium to draft better contracts faster.