STATUS OF MANAGEMENT AGREEMENT Sample Clauses

STATUS OF MANAGEMENT AGREEMENT. The Management Agreement is hereby terminated and of no further force or effect. Except for Executive's rights as a shareholder of the Company, all obligations between Executive and the Company as well as any benefits to Thayxx xxx hereby governed by this Agreement.
Sample 1
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STATUS OF MANAGEMENT AGREEMENT. Except as expressly set forth in this Article 3, the Management Agreement has not been amended, revised or modified and all terms and provisions of the Management Agreement shall remain in full force and effect. From and after the date hereof, all references to the Management Agreement shall refer to the Management Agreement as amended by this Agreement. Unless otherwise defined herein, initially capitalized terms have the meaning given them in the Management Agreement. In the event that this Agreement is terminated as permitted herein, the foregoing amendments and waivers in Sections 3.1(a) and 3.1(b) shall be void and of no further effect.
Sample 1
STATUS OF MANAGEMENT AGREEMENT. Each of Manager and Borrower ------------------------------ represents and warrants that the Management Agreement has not been amended or modified and that no default exists under the Management Agreement and that no event has occurred or exists that, with notice or lapse of time or both, would constitute a default under the Management Agreement.
Sample 1
STATUS OF MANAGEMENT AGREEMENT. The Management Agreement is hereby terminated, including but not limited to the "Repurchase Option" of the Company and Thayxx xxxreunder and, except for Executive's rights as a shareholder of the Company, all obligations between Executive and the Company as well as any benefits to Thayxx xxx hereby governed by this Agreement.
Sample 1
STATUS OF MANAGEMENT AGREEMENT. The Management Agreement is hereby terminated and all obligations between Executive and the Company are hereby governed by this Agreement.
Sample 1

Related to STATUS OF MANAGEMENT AGREEMENT

  • Assignment of Management Agreement As additional collateral security for the Loan, Borrower conditionally transfers, sets over, and assigns to Lender all of Borrower’s right, title and interest in and to the Management Agreement and all extensions and renewals. This transfer and assignment will automatically become a present, unconditional assignment, at Lender’s option, upon a default by Borrower under the Note, the Loan Agreement, the Security Instrument or any of the other Loan Documents (each, an “Event of Default”), and the failure of Borrower to cure such Event of Default within any applicable grace period.

  • Termination of Management Agreement Evidence of the termination of any and all management agreements affecting the Property, effective as of the Closing Date, and duly executed by Seller and the property manager.

  • 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.

  • 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.

  • Acquisition Agreements If the Equipment is subject to any Acquisition Agreement, Lessee, as part of this lease, transfers and assigns to Lessor all of its rights, but none of its obligations (except for Lessee's obligation to pay for the Equipment conditioned upon Lessee's acceptance in accordance with Paragraph 6), in and to the Acquisition Agreement, including but not limited to the right to take title to the Equipment. Lessee shall indemnify and hold Lessor harmless in accordance with Paragraph 19 from any liability resulting from any Acquisition Agreement as well as liabilities resulting from any Acquisition Agreement Lessor is required to enter into on behalf of Lessee or with Lessee for purposes of this lease.

  • Cooperation Agreement If a Cooperating Institution is appointed, the Fund shall enter into a Cooperation Agreement with the Cooperating Institution setting forth the terms and conditions of its appointment.

  • 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.

  • 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.

  • Management Agreement The Management Agreement is in full force and effect and there is no default 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.

  • Student Agreement It is important that I work to the best of my ability. Therefore, I shall strive to do the following:

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