Common use of Selection of Management Agent Clause in Contracts

Selection of Management Agent. The Partnership, with the approval of the Lender and the Agency, if required, shall engage such person, firm or company as the General Partner may select, and as the Investment Partnership may approve, which approval shall not be unreasonably withheld (hereinafter referred to as "Management Agent") to manage the operation of the Apartment Complex during the rent-up period and following Substantial Completion for a period of one year, and thereafter such management contract may be extended on an annual basis unless terminated for cause. The Management Agent shall be paid a management fee subject to the approval of the Lender and the Agency, if required. The contract between the Partnership and the Management Agent and the management plan for the Apartment Complex shall be in a form acceptable to the Lender and the Agency, if required. Xxxxxxxxx Management Co. is hereby approved by the parties hereto as the initial Management Agent.

Selection of Management Agent. The PartnershipCompany, with the approval of the Lender and the Agency, if required, shall engage such person, firm or company as the General Partner Member-Manager may select, and as the Investment Partnership Member may approve, which approval shall not be unreasonably withheld (hereinafter referred to as "Management Agent") to manage the operation of the Apartment Complex during the rent-up period and following Substantial Completion for a period of one year, and thereafter such management contract may be extended on an annual a month to month basis unless terminated for cause. The Management Agent shall be paid a management fee subject to the approval of the Lender and the Agency, if required. The contract between the Partnership Company and the Management Agent and the management plan for the Apartment Complex shall be in a form acceptable to the Lender and the Agency, if required. Xxxxxxxxx Xxxxx Xxxxx Management Co. hereby is hereby approved by the parties hereto as the initial Management Agent.

Selection of Management Agent. The Partnership, with the approval of the Lender and the Agency, if required, shall engage such person, firm or company as the General Partner may select, and as the Investment Partnership may approve, which approval shall not be unreasonably withheld (hereinafter referred to as "Management Agent") to manage the operation of the Apartment Complex during the rent-up period and following Substantial Completion for a period of one year, and thereafter such management contract may be extended on an annual basis unless terminated for cause. The Management Agent shall be paid a management fee subject to the approval of the Lender and the Agency, if required. The contract between the Partnership and the Management Agent and the management plan for the Apartment Complex shall be in a form acceptable to the Lender and the Agency, if required. Xxxxxxxxx Management Co. National Housing Ministries, Inc. Incorporated hereby is hereby approved by the parties hereto as the initial Management Agent.

Selection of Management Agent. The Partnership, with the approval of the Lender Lenders and the Agency, if required, shall engage such person, firm or company as the General Partner may select, and as the Investment Partnership may approve, which approval shall not be unreasonably withheld (hereinafter referred to as "Management Agent") to manage the operation of the Apartment Complex during the rent-up period and following Substantial Completion for a period of one year, and thereafter such management contract may be extended on an annual basis unless terminated for cause. The Management Agent shall be paid a management fee subject to the approval of the Lender and the Agency, if required. The contract between the Partnership and the Management Agent and the management plan for the Apartment Complex shall be in a form acceptable to the Lender and the Agency, if required. Xxxxxxxxx Emet Management Co. hereby is hereby approved by the parties hereto as the initial Management Agent.

Selection of Management Agent. The Partnership, with the approval of the Lender Lenders and the Agency, if required, shall engage such person, firm or company as the General Partner may select, and as the Investment Partnership may approve, which approval shall not be unreasonably withheld (hereinafter referred to as "Management Agent") to manage the operation of the Apartment Complex during the rent-up period and following Substantial Completion for a period of one year, and thereafter such management contract may be extended on an annual basis unless terminated for cause. The Management Agent shall be paid a management fee subject to the approval of the Lender and the Agency, if required. The contract between the Partnership and the Management Agent and the management plan for the Apartment Complex shall be in a form acceptable to the Lender and the Agency, if required. Xxxxxxxxx Management Co. Gilbraltar Associates, Inc. hereby is hereby approved by the parties hereto as the initial Management Agent.