Interim Management Agreement definition
Examples of Interim Management Agreement in a sentence
This Agreement is terminable, without penalty, at any time, by the Manager, by the Board, or by vote of holders of a majority (as defined in the ▇▇▇▇ ▇▇▇) of the Portfolio’s shares; or on 60 days’ written notice by the Adviser, and will terminate five business days after the Adviser receives written notice of the termination of the Interim Management Agreement between the Trust and the Manager.
During the period from the Execution Date through the Close of Escrow, Seller shall (subject to the provisions of the Interim Management Agreement if entered into in accordance with the provisions of this Agreement) cause the Property to be continued to be operated in ordinary course as a hotel consistent with current operating practices during the period since Manager has been manager of the Hotel.
Permits for the operation of the Premises for the production of alcoholic beverages shall be maintained in accordance with the terms of the Interim Management Agreement, a copy of which is attached hereto as Exhibit A.
For the purpose of this Clause 19.4.2, the term Related Person shall have the meaning given to it in the NSC Interim Management Agreement.
Sublessor and Sublessee acknowledge that under the Interim Management Agreement, Sublessor may terminate Sublessee's provision of one or more services thereunder, and that if Sublessor shall elect to do so, this Interim Occupancy Agreement shall remain in effect notwithstanding such termination until Sublessor shall have elected to terminate Sublessee's provision of all services under the Interim Management Agreement with respect to the Facility.