COLLATERAL ASSIGNMENT AND SUBORDINATION OF PROPERTY MANAGEMENT AGREEMENTCollateral Assignment and Subordination of Property Management Agreement • April 22nd, 2015 • New York
Contract Type FiledApril 22nd, 2015 JurisdictionMANAGEMENT AGREEMENT, dated as of April 22, 2015 (this “Agreement”), is executed by OP CANOPY OWNER LLC, a Delaware limited liability company (the “Assignor”) and PROPARK AMERICA WEST, LLC, a Connecticut limited liability company (the “Property Manager”), to and for the benefit of PACIFIC WESTERN BANK, a California state-chartered bank, as agent (in such capacity, together with its successors and assigns, the “Agent”) for itself and the other financial institutions party to the Loan Agreement (as defined below) from time to time (with Agent, each a “Lender” and collectively, the “Lenders”).