Services of Property Manager Sample Clauses

Services of Property Manager. Property Manager shall direct, supervise, manage, operate, maintain and repair the Property and develop, institute and follow programs and policies to facilitate the efficient operation of the Property in compliance with this Agreement, the Rental Guidelines and all written directions of Owner on as profitable a basis as reasonably possible. Without limiting the generality of the foregoing and subject at all times to such procedures and directions that shall be set forth in this Agreement and the Rental Guidelines (as revised or amended from time to time), Property Manager shall do all of the following:
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Services of Property Manager. Subject to the provisions of Section 2.2.16, Property Manager shall use commercially reasonable efforts to direct, supervise, manage, operate, maintain and repair the Property on as profitable a basis as possible and develop, institute and follow programs and policies to facilitate the efficient operation of the Property and, subject to Section 11.14, in compliance with this Agreement, the Guidelines and all directions of Owner (acting through Manager). Property Manager acknowledges and agrees that it shall be the role and duty of Property Manager to generally supervise the operation and management of the Property. Property Manager further acknowledges and agrees that Owner (acting through Manager) shall set reasonable policy and establish objectives with respect to management of the Property, and Property Manager shall, subject to Section 11.14, perform all services under this Agreement in accordance with such reasonable policies and objectives. Owner may delegate any approval rights under this Agreement to Manager. Unless specifically provided to the contrary in this Agreement, all actions taken or decisions made by Manager shall be deemed to be taken or made on behalf of Owner. Subject to the provisions of Section 2.2.16, without limiting the generality of the foregoing provisions of this Section 2.2. Property Manager shall do all of the following:
Sample 1
Services of Property Manager. 3 2.2.1 Employees................................................................................3 2.2.2
Sample 1
Services of Property Manager. Subject to Owner providing sufficient funds to Property Manager, Property Manager shall direct, supervise, manage, operate, maintain and repair the Property and develop, institute and follow programs and policies to facilitate the efficient operation of the Property on as profitable a basis as reasonably possible and in compliance with this Agreement and all directions of Manager. Property Manager acknowledges and agrees that it shall be the role and duty of Manager to generally supervise the operation and management of the Property, including, without limitation, the performance of Property Manager under this Agreement. Property Manager shall cooperate with Manager in performing Property Manager's duties and obligations under this Agreement. Property Manager further acknowledges and agrees that Owner and Manager shall set policy and establish objectives with respect to management of the Property, and Property Manager shall perform all services under this Agreement in accordance with such policies and objectives. Owner may delegate any approval rights under this Agreement to Manager. Without limiting the generality of the foregoing provisions of this Section 2.2 and subject at all times to the procedures and directions set forth in this Agreement (as may be revised or amended from time to time), Property Manager shall do all of the following at Owner's cost (except as expressly provided herein):
Sample 1

Related to Services of Property Manager

  • Property Manager Any entity that has been retained to perform and carry out property rental, leasing, operation and management services at one or more of the Properties, excluding persons, entities or independent contractors retained or hired to perform facility management or other services or tasks at a particular Property.

  • Property Management Borrower will provide for professional management of the Mortgaged Property by the Property Manager at all times under a property management agreement approved by Lender in writing. Borrower will not surrender, terminate, cancel, modify, renew or extend its property management agreement, or enter into any other agreement relating to the management or operation of the Mortgaged Property with Property Manager or any other Person, or consent to the assignment by the Property Manager of its interest under such property management agreement, in each case without the consent of Lender, which consent will not be unreasonably withheld.

  • Services of Sub-Adviser The Sub-Adviser shall perform all services necessary for the management of the portfolio investments of each Fund, including but not limited to:

  • Services of the Manager The Manager represents and warrants that it is registered as an investment adviser under the Investment Advisers Act of 1940 and will maintain such registration for so long as required by applicable law. Subject to the general supervision of the Board of Directors of the Fund, the Manager shall provide the following advisory, management, and other services with respect to the Series:

  • Services of the Adviser The Adviser represents and warrants that it is registered as an investment adviser under the Investment Advisers Act of 1940, as amended (the “Advisers Act”) and will maintain such registration for so long as required by applicable law. Subject to the general supervision of the Board of the Trust, the Adviser shall provide the following advisory, management, and other services with respect to the Series:

  • 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.

  • Property Management Fee For its services in managing the day-to-day operations of the Property in accordance with the terms of this Agreement, Company shall pay to Property Manager an annual property management fee (the “Property Management Fee”) equal to 4.0% of the Gross Revenue (as hereinafter defined). The Property Management Fee shall be prorated for any partial year and shall be payable in equal monthly installments, in advance. The Property Management Fee shall be payable on the first day of each month from the Operating Account or from other funds timely provided by the Company. Upon the expiration or earlier termination of this Agreement, the parties will prorate the Property Management Fee on a daily basis to the effective date of such expiration or termination. For purposes of this Agreement, the term “Gross Revenue” shall mean all gross collections from the operations of the Property, including, without limitation, rental receipts, late fees, application fees, pet fees, damages, lease buy-out payments, reimbursements by Tenants for common area expenses, operating expenses and taxes and similar pass-through obligations paid by Tenants, but shall expressly exclude (i) security deposits received from Tenants and interest accrued thereon for the benefit of the Tenants until such deposits or interest are included in the taxable income of the Company; (ii) advance rents (but not lease buy-out payments) until the month in which payments are to apply as rental income; (iii) reimbursements by Tenants for work done for a particular Tenant; (iv) proceeds from the sale or other disposition of all or any portion of the Property; (v) insurance proceeds received by the Company as a result of any insured loss (except proceeds from rent insurance or the excess of insurance proceeds for repairs over the actual costs of such repairs); (vi) condemnation proceeds not attributable to rent; (vii) capital contributions made by the Company; (viii) proceeds from capital, financing and any other transactions not in the ordinary course of the operation of the Property; (ix) income derived from interest on investments or otherwise; (x) abatement of taxes, awards arising out of takings by eminent domain and discounts and dividends on insurance policies; and (xi) rental concessions not paid by third parties.

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