Managed Property definition

Managed Property means a Property acquired by the Borrower or a Subsidiary as a result of, or in connection with, a foreclosure or repossession (or consensual arrangement in lieu thereof).

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Managed Property means the portion of a project with respect to which a service provider provides services.

Managed Property or “Managed Properties” means Real Estate owned by Borrower or an Unencumbered Property Owner Subsidiary and operated by Borrower or a Subsidiary (or a third-party operator retained by Borrower or a Subsidiary) but not subject to a Lease or an EPR Senior First Mortgage.

Examples of Managed Property in a sentence

• The Foundation shall provide quarterly reports (based on the calendar year) to the Owner’s Board of Trustees (or other Board or Committee designated by the Owner) of the assets, income, and expenditures of the Managed Property.

• Notwithstanding the foregoing, in the event that a tenant of a City Office Property hires a third-party leasing broker to solicit proposals for a new lease and the Advisor or a Bound Party is contacted by such broker in relation to a Managed Property, the Advisor or such Bound Party shall promptly notify the Independent Directors of such proposal, following which the Company shall be entitled to respond to such proposal or sign a lease with such tenant for a Managed Property.

• The Owner agrees that the periodic accountings provided by the Foundation notify the Owner sufficiently of the account’s activities and relieve the Foundation and the Managed Property from any other regulatory requirements.

• The Foundation is not responsible for the Owner’s expenditures of Managed Property withdrawn by the Owner.

• The Foundation may commingle the assets of the Managed Property with other assets that the Foundation holds as agent in order to enhance and improve the earned income from the Managed Property.

More Definitions of Managed Property

Managed Property means any Unit or part of a Unit that the Corporation is required by these Bylaws to maintain, repair or replace, other than the real and personal property of theCorporation and the Common Property;

Managed Property has the meaning set forth in Section 20(c) of this Agreement.

Managed Property means such part or parts of the Units, as by its Bylaws, the Corporation is to administer, control, manage, maintain and repair as it would the Common Property, being the improvements to the lands within the boundaries of the Units, including the structure of the Buildings, foundations, roofs, decks, patios, driveways and such other parts of the Units to be managed, maintained and repaired by the Corporation as provided by its Bylaws;

Managed Property means each Property (other than an Easement Property, a Ground Leased Property or an Owned Property) at which the Issuer or any of its Subsidiaries is authorized to sublease or otherwise broker space.

Managed Property means the Common Property and all those parts of the Units including the portions of the Buildings thereon which, pursuant to these By-laws, the Corporation is required to administer, control, manage, maintain and repair as if the same were Common Property;

Managed Property means any Hotel or Residence Project that is subject to a Management Agreement entered into by the Company or any of its Subsidiaries or Affiliates.

Managed Property means such part or parts of the Bare Land Units or the Parcel as by these By-Laws the Corporation is to administer, control, manage, maintain and repair as it would the Common Property, being the land within the boundaries of the Parcel including the Corporation's Units, all exteriors of the Buildings, and shall also include all roofs, interior roadways, driveways, sidewalks, patios, common fences, party walls, decks, balconies, all Amenity Areas, landscaping and other such parts of the Parcel to be managed, maintained and repaired by the Corporation as provided by these By-Laws, but does not include any Residential Unit or Parking Unit;