Examples of Macerich Entity in a sentence
Subject to the terms and conditions set forth herein, in addition to the Loans provided for in Section 1.1, the Borrower may request the Issuing Lender to issue Letters of Credit for its own account or the account of any Macerich Entity in such form as is acceptable to the Issuing Lender in its reasonable determination at any time prior to the earlier of (i) the date that is thirty (30) days prior to the Commitment Termination Date and (ii) the date of termination of the Commitments.
Subject to the terms and conditions set forth herein, in addition to the Loans provided for in Section 1.1, the Borrower may request the Issuing Lender to issue Letters of Credit for its own account or the account of any Macerich Entity in such form as is acceptable to the Issuing Lender in its reasonable determination at any time prior to the earlier of (i) the date that is thirty (30) days prior to the Revolving Commitment Termination Date and (ii) the date of termination of the Revolving Commitments.
Employee agrees that all lists, materials, books, files, reports, correspondence, records, and other documents ("Company material") used, prepared, or made available to Employee, shall be and shall remain the property of the applicable Macerich Entity.
Upon the termination of employment or the expiration of this Agreement, all Company material shall be returned immediately to the applicable Macerich Entity, and Employee shall not make or retain any copies thereof.
He affirms the view that "services are intangible, inseparable, variable and perishable and also added that services normally require more quality control, supplier- credibility, and adaptability”.
Employee shall hold in a fiduciary capacity for the benefit of the Macerich Entities all secret or confidential information, knowledge or data relating to any Macerich Entity, and their respective businesses, which shall have been obtained by Employee during his employment by the Company and the Operating Partnership and which shall not be or become public knowledge (other than by acts by Employee or his representatives in violation of this Agreement).
Employee promises and agrees that during the term of this Agreement he will not influence or attempt to influence customers of any Macerich Entity, either directly or indirectly, to divert their business to any individual, partnership, firm, corporation or other entity then in competition with the business of any Macerich Entity.
Employee promises and agrees that he will not, for a period of one year following termination of his employment or the expiration of this Agreement, directly or indirectly solicit any Macerich Entity employees who earned annually $25,000 or more as a Macerich Entity employee during the last six months of his or her own employment to work for any business, individual, partnership, firm, corporation, or other entity then in competition with the business of any Macerich Entity.
Except as set forth on Schedule 7.13, all Wholly-Owned Projects shall be managed by Subsidiaries of MAC pursuant to agreements that are either (x) substantially similar to the Master Management Agreements or (y) on terms no less favorable to the Borrower Parties than would be obtained in a comparable arm’s-length transaction with a third party manager that is not a Macerich Entity.
Subject to the terms and conditions set forth herein, in addition to the Loans provided for in Section 1.1, the Macerich Partnership may request the Issuing Lender to issue Letters of Credit for its own account or the account of any Macerich Entity in such form as is acceptable to the Issuing Lender in its reasonable determination at any time prior to the earlier of (i) the date that is thirty (30) days prior to the Commitment Termination Date and (ii) the date of termination of the Commitments.