Approved Property Manager definition

Approved Property Manager shall have the meaning set forth in Section 26.01.

Approved Property Manager means (i) Sponsor, XX Xxxxx Realty Corp. and their respective Affiliates, (ii) First States Management Corp, L.P., (iii) First States Services Management LLC, (iv) GKK Manager LLC, so long as it is an Affiliate of Sponsor, or (v) any other management company that is approved by Lender, which approval shall not be unreasonably withheld, conditioned or delayed, and with respect to which Lender receives Rating Confirmation, in each case unless and until Lender requests the termination of that management company pursuant to Section 5.10(d).

Approved Property Manager means (i) each property manager that is a party to an Approved Management Agreement as set forth on Schedule 1.1.3 or (ii) any other management company approved by Lender in its reasonable discretion and with respect to which Rating Agency Confirmation is received, in each case unless and until Lender requests the termination of that management company pursuant to Section 5.1.22.

Examples of Approved Property Manager in a sentence

• Each property manager that satisfies the requirements of this Section 26.01 shall be an “Approved Property Manager” and any management agreement between Tenant and an Approved Property Manager with respect to the Project shall be a “Management Agreement”.

• 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.

• Once all such Residential Criteria Defaults have been cured and Tenant is no longer in a Leasing Default, Tenant shall retain all leasing and property management duties (and may retain an Approved Property Manager for such purposes) in accordance with the terms of this Lease.

• Tenant shall not enter into a management agreement with a new third-party property manager or consent to the assignment by an Approved Property Manager of its interest under its Management Agreement, without first complying with the notification and verification requirements set forth in this Section 26.01.

• Borrower shall reasonably cooperate with Lender, at Lender’s request, in order to effectuate any such Assignment or Participation, and Borrower shall promptly provide such information, legal opinions and documents relating to each Required SPE, Sponsor, the Property, the Approved Property Manager and any Tenants as Lender may reasonably request in connection with such Assignment or Participation.

More Definitions of Approved Property Manager

Approved Property Manager is defined in Section 26.01.

Approved Property Manager means collectively, Glimcher Properties Limited Partnership, as manager, and Glimcher Development Corporation, as services provider, or any other management company approved by Lender in its sole discretion and with respect to which the Rating Condition is satisfied, in each case unless and until Lender requests the termination of that management company pursuant to Section 5.10(d).

Approved Property Manager means (i) Peloton Real Estate Management Austin, LLC, a Texas limited liability company, (ii) a Qualified Manager, or (iii) any other management company approved by Lender and with respect to which the Rating Condition is satisfied, in each case unless and until Lender requests the termination of that management company pursuant to Section 5.10(d).

Approved Property Manager means Property Manager or any other property management company approved in writing by Lender.

Approved Property Manager means AHC Management LLC, a Virginia limited liability company or any other reputable and creditworthy property manager, subject to the prior approval of the County Manager or his written designee, not to be unreasonably withheld, with a portfolio of properties comparable to Berkeley I Apartments under active management.

Approved Property Manager means , a Virginia , or any other reputable and creditworthy property manager, subject to the prior approval of the County Manager or his written designee, not to be unreasonably withheld, with a portfolio of properties comparable to Parc Rosslyn Apartments under active management.

Approved Property Manager shall have the meaning set forth in Section 26.01. “Architect” shall mean a registered architect engaged by Tenant from time to time as the primary design professional in respect of the particular item of Construction Work or other action for which the services of an Architect is required under any applicable provision of this Lease. It is acknowledged that in certain types of Construction Work or valuation of improvements the primary design professional for the item in question may actually be a licensed professional engineer rather than a registered architect and in any such cases the references to “Architect” herein shall be deemed to refer to such licensed professional engineer as is engaged by Tenant as the primary design professional for the matter in question. The initial Architect is Xxxxx and Xxxxxx Architecture, Inc.