Replacement of Manager. (a) Borrower hereby represents and warrants that the property is currently self-managed by Operating Company. If, at any time, the Property is no longer self-managed or a Malkin Controlled Person does not manage the Property, a Qualified Manager shall be engaged to manage the Property pursuant to a Management Agreement and Borrower and such Qualified Manager shall enter into an Assignment of Management Agreement with respect thereto.
Appears in 4 contracts
Samples: Loan Agreement, Loan Agreement (Empire State Realty Trust, Inc.), Loan Agreement (Empire State Building Associates L.L.C.)