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;

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

• Except for any Approved Management Agreement, no property management agreements are in effect with respect to the Property.

• Pursuant to the Subordination of Property Management Agreement or Agreements, 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.

• The Approved Management Agreement is in full force and effect and there is no event of default thereunder by any party thereto and no event has occurred that, with the passage of time and/or the giving of notice would constitute a default thereunder.

• Lender shall have the right, after reasonable notice to Borrower and in accordance with such Subordination of Management Agreement, to cure defaults of Borrower under such Approved Management Agreement.

• Lender shall have the right, after reasonable notice to Borrower and in accordance with the Subordination of Management Agreement, to cure defaults of Borrower under the Approved Management Agreement.

More Definitions of Approved Management Agreement

Approved Management Agreement means the management agreement in respect of each Vessel made or to be made between the Manager as manager and the relevant Owner thereof as owner on terms acceptable to the Security Trustee and the Instructing Group and, in the plural, means both of them;

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 that certain Amended and Restated Management and Leasing Agreement, dated as of July 1, 1997 between Borrower and the Approved Property Manager, as such agreement has been collaterally assigned to Senior Lender and may be Modified in accordance herewith, and any other management or leasing agreement with respect to the Property approved in writing by Lender.

Approved Management Agreement means, in relation to each Ship:

Approved Management Agreement means that certain Management Agreement, dated as of December 19, 2013, between Mortgage Borrower and the initial Approved Property Manager, and any other management agreement that is reasonably approved by Lender, in each case as the same may be amended, restated, replaced, supplemented or otherwise modified in accordance herewith.

Approved Management Agreement means that certain Management Agreement, dated as of July 1, 2010, between Operating Lessee and the initial Approved Property Manager, as the same may be 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.