Subordination of Management Agreements Sample Clauses

Subordination of Management Agreements. Administrative Agent shall have received a copy of each Management Agreement and confirmations of the subordination of each Management Agreement, in form and substance satisfactory to Administrative Agent.

Subordination of Management Agreements. To the extent that any management fees are paid to ARC or any Affiliate of ARC with respect to any Covered Facility, Borrower shall cause, or shall cause the applicable Subsidiary of Borrower to cause, ARC or such Affiliate of ARC to deliver an agreement, in form and substance satisfactory to Lender, that the payment of such management fees is subordinate to Borrower's obligations under Section 5.3(n) to make deposits into the Reserve Accounts.

Subordination of Management Agreements. (Mezzanine – Management Agreement) executed by First Mezzanine Borrower, MCK TRS, NTC TRS, First Mezzanine Lender, ARC Manager, as operator, and XxXxxxxx Hotel Management, Inc. (“XxXxxxxx”), as manager, for the benefit of First Mezzanine Lender (the “XxXxxxxx Management Agreement Subordination” and together with the XxXxxxxx Operating Agreement Subordination, the “XxXxxxxx Subordination”);

Subordination of Management Agreements. 25 subsidiary..................................................................................

Subordination of Management Agreements. Concurrently herewith, Tenant shall execute and enter into (and shall cause Pristine Senior Management, LLC, as Manager to execute and enter into) Subordination of Management Agreements for the Victory/Victoria Facilities in substantially the form of such Subordination of Management Agreements entered into by Tenant and Manager with respect to the Liberty Facilities.

Subordination of Management Agreements. Any property management agreement for or relating to all or any part of the Mortgaged Property, whether now in effect or entered into hereafter by Mortgagor, or any agent of Mortgagor, with a property manager shall contain a subordination provision whereby the property manager forever and unconditionally subordinates to the lien of this Mortgage any and all mechanics’ lien rights and claims that it or anyone claiming through or under it may have at any time pursuant to any statute or law (including, without limitation, the Illinois Mechanics Lien Act, 770 ILCS 60/1 et seq.). Such property management agreement or a short form thereof shall, at Mortgagee’s request, be recorded with the Office of the Recorder of Deeds of the county in which this Mortgage was filed. Second Omnibus Amendment 8

Subordination of Management Agreements. (Mezzanine – Operating Agreement) executed by First Mezzanine Borrower, ARC Hospitality Portfolio I MCK TRS, LLC, a Delaware limited liability company (“MCK TRS”), NTC TRS, First Mezzanine Lender, and ARC Manager, as operator, for the benefit of First Mezzanine Lender (the “XxXxxxxx Operating Agreement Subordination”);

Subordination of Management Agreements. (Mezzanine – Management Agreement) executed by First Mezzanine Borrower, MISC TRS, First Mezzanine Lender, ARC Manager, as operator, and InnVentures IVI, LP (“Innventures”), as manager, for the benefit of First Mezzanine Lender (the “Innventures Management Agreement Subordination” and together with the Innventures Operating Agreement Subordination, the “Innventures Subordination”);