Common Contracts
4 similar Consent and Agreement of Manager contracts by Cornerstone Realty Income Trust Inc, Apple Suites Inc
The Undersigned acknowledges an assignment of documents contained in that certain Deed of Trust and Security Agreement (the "Deed of Trust") to be ------------- executed and delivered by CRIT-VA III, INC., a Virginia corporation ("Borrower") --------...Consent and Agreement of Manager • August 30th, 2001 • Cornerstone Realty Income Trust Inc • Real estate investment trusts
The Undersigned does hereby agree that: (i) in the event of either (a) any material default by Borrower under the terms of the Loan Documents and the taking of control of the Premises by Lender or (b) the foreclosure of the Deed of Trust or transfer of title to the Premises by conveyance in lieu thereof, then, the Contract shall be terminable at the option of Lender upon thirty days' notice; and (ii) the rights of the Undersigned under the Contract to receive any compensation reimbursement of costs and expenses or other payments in consideration for its management services for the premises shall be and remain subordinate in all respects to the Lender's rights under Loan Documents.
Loan No.: 26-5950580 Boulder, Colorado Homewood Suites CONSENT AND AGREEMENT OF MANAGER -------------------------------- PROMUS HOTELS, INC., a Delaware corporation ("Manager"), acknowledges an assignment of documents contained in that certain Deed of...Consent and Agreement of Manager • June 28th, 2001 • Apple Suites Inc • Real estate investment trusts
PROMUS HOTELS, INC., a Delaware corporation ("Manager"), acknowledges an assignment of documents contained in that certain Deed of Trust and Security Agreement (the "Deed of Trust") to be executed and delivered by APPLE SUITES SPE III, INC., a Virginia corporation ("Borrower") to FIRST UNION NATIONAL BANK, a national banking association ("Lender"), in connection with that certain loan (the "Loan") of TEN MILLION SEVEN HUNDRED THOUSAND and No/100 Dollars ($10,700,000) being made by Lender to Borrower to finance certain real property and improvements located at 4950 Baseline Road, Boulder, Colorado 80303 and more particularly described in the Deed of Trust (the "Premises").
LOAN NO.: 26-5950521 GREENBRIER APARTMENTS FREDERICKSBURG, VIRGINIA CONSENT AND AGREEMENT OF MANAGER The Undersigned acknowledges an assignment of documents contained in that certain Deed of Trust and Security Agreement (the "Deed of Trust") to be...Consent and Agreement of Manager • April 13th, 2001 • Cornerstone Realty Income Trust Inc • Real estate investment trusts
The Undersigned has agreed to perform or supply certain services in connection with the management of the Premises pursuant to that certain Management Agreement dated as of March 23, 2001 (the "Contract") attached hereto. The Undersigned does hereby (a) warrant and represent that the Contract contains all agreements between the Undersigned and Borrower relating to property management of the Premises; (b) acknowledge and consent to the assignment of the Contract as set forth in the Deed of Trust by Borrower for the benefit of Borrower and to any further assignment thereof by Lender; (c) warrant and represent that as of the date hereof, to Manager's knowledge no default exists under the terms of any agreement between Borrower and Manager; and (d) acknowledge that Borrower as of the date hereof, to the Undersigned's knowledge Borrower has satisfied all conditions precedent to commencement of performance by the Undersigned under the Contract.
LOAN NO.: 26-5950380 THE MAYFLOWER CONSENT AND AGREEMENT OF MANAGER The Undersigned acknowledges an assignment of documents contained in that certain Deed of Trust and Security Agreement (the "Deed of Trust") to be executed and delivered by CRIT-VA,...Consent and Agreement of Manager • December 27th, 2000 • Cornerstone Realty Income Trust Inc • Real estate investment trusts
The Undersigned has agreed to perform or supply certain services in connection with the management of the Premises pursuant to that certain Management Agreement dated as of December 12, 2000 (the "Contract") attached hereto. The Undersigned does hereby (a) warrant and represent that the Contract contains all agreements between the Undersigned and Borrower relating to property management of the Premises; (b) acknowledge and consent to the assignment of the Contract as set forth in the Deed of Trust by Borrower for the benefit of Borrower and to any further assignment thereof by Lender; (c) warrant and represent that as of the date hereof, to Manager's knowledge no default exists under the terms of any agreement between Borrower and Manager; and (d) acknowledge that Borrower as of the date hereof, to the Undersigned's knowledge Borrower has satisfied all conditions precedent to commencement of performance by the Undersigned under the Contract.
