ASSIGNMENT AND SUBORDINATION OF MANAGEMENT AGREEMENTManagement Agreement • November 22nd, 2019 • New York
Contract Type FiledNovember 22nd, 2019 JurisdictionTHIS ASSIGNMENT AND SUBORDINATION OF MANAGEMENT AGREEMENT (this "Agreement") is entered into on this ___ day of ______________, 20__, by and among ____________________________, a __________________ (“Manager”), ____________________________, a __________________ (“Borrower”), and TRUIST BANK, a North Carolina banking corporation, as administrative agent (in such capacity, and together with any successor Administrative Agent under the Loan Agreement (as hereinafter defined), the “Administrative Agent”) for the ratable benefit of Administrative Agent and the other Lenders (as hereinafter defined), and affects the real property described in Exhibit "A" attached hereto and by reference made a part hereof, together with the improvements thereon (the “Property”).