Approved Management Agreement definition

Approved Management Agreement means, in relation to a Ship in respect of its commercial and/or technical management, a management agreement between the relevant Borrower and an Approved Manager in Agreed Form;

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Approved Management Agreement means (i) those certain property management agreements between the applicable Borrower or Master Tenant and an Approved Property Manager, as set forth on Schedule 1.1.3, and (ii) any other management agreement that is approved by Lender in its reasonable discretion and with respect to which Rating Agency Confirmation has been received, in each case, as the same may be amended, restated, replaced, supplemented or otherwise modified in accordance herewith.

Approved Management Agreement means, collectively or individually as the context may require, those certain Property Management Agreements listed on Schedule T, dated as of the Closing Date, between Borrower or a Property Owner and the initial Approved Property Manager, as the same may be modified or replaced in accordance herewith with the reasonable consent of Lender, and any other management agreement that is approved by Lender, which approval shall not be unreasonably withheld, conditioned or delayed, and with respect to which Lender receives Rating Confirmation.

Examples of Approved Management Agreement in a sentence

The Approved Management Agreement is in full force and effect and there is no material event of default thereunder by Borrower, and to Borrower’s knowledge, any other party thereto and no event has occurred that, with the passage of time and/or the giving of notice would constitute a material default thereunder.
Except for any Approved Management Agreement, Approved Leasing Agreement or Approved Parking Agreement, no property management agreements, leasing agreements or parking management agreements are in effect with respect to the Properties.
Pursuant to the Subordination of Property Management and Leasing Agreement, each Approved Property Manager shall agree that its Approved Management Agreement and all fees thereunder (including any incentive fees) are subject and subordinate to the Indebtedness.
Lender shall have the right, after reasonable notice to Borrower and in accordance with the Subordination of Property Management and Leasing Agreement, to cure defaults of Borrower under the Approved Management Agreement.

More Definitions of Approved Management Agreement

Approved Management Agreement means that certain Management Agreement, dated as of June 21, 2013, between Borrower and the initial Approved Property Manager, and any other management agreement that is approved by Lender (which approval, provided no Event of Default is continuing, will not be unreasonably withheld, conditioned or delayed) and with respect to which the Rating Condition is satisfied, in each case as the same may be amended, restated, replaced, supplemented or otherwise modified in accordance herewith.

Approved Management Agreement means a management agreement with a Qualified Management Company that has been approved by the NIGC and provides for the management of the Resort Business (other than any business or commercial activity that constituted an Excluded Business at any time) by such Qualified Management Company.

Approved Management Agreement means either an Approved Commercial Management Agreement or an Approved Technical Management Agreement as the context requires;

Approved Management Agreement means, in relation to each Ship:

Approved Management Agreement means that certain Management Agreement, dated as of November 3, 2010, between Operating Lessee and the initial Approved Property Manager, as amended by Amendment dated on or about the date hereof, as the same may be further amended, restated, replaced, supplemented or otherwise modified in accordance herewith with the consent of Lender, and any other management agreement that is approved by Lender and with respect to which the Rating Condition is satisfied, as the same may be amended, restated, replaced, supplemented or otherwise modified in accordance herewith with the consent of Lender.

Approved Management Agreement. That certain management agreement for the Premises by and between Tenant and Manager attached hereto as Exhibit C.

Approved Management Agreement has the meaning assigned to such term in the definition of “Eligible Property”. “Approved PCR” and “Approved PCRs” have the meaning assigned to such terms in Section 5.16.