Management Agreement definition
Examples of Management Agreement in a sentence
The Commercial Management Agreement is annexed hereto as Appendix 2.
In accordance with and subject to the Management Agreement between the Fund and the Manager (the “Management Agreement”), the Manager hereby appoints the Sub-Adviser and the Sub-Adviser hereby undertakes to act as a sub-investment adviser of the Fund and to perform for the Fund such other duties and functions as are hereinafter set forth.
All notices and other communications provided for in this Agreement shall be given in writing, addressed to the recipient Party as set forth in the Asset Management Agreement, or at such other address that shall be specified in a notice given in accordance with written instructions amongst the applicable Parties.
This Agreement shall automatically terminate without the payment of any penalty in the event of: (i) its assignment; (ii) its delegation, unless the Adviser has by prior written consent agreed to the delegation; or (iii) termination of the Investment Management Agreement.
If the Trust Fund acquires any Foreclosed Property, the Special Servicer, acting on behalf of the Trustee, if the Manager would not be considered an Independent Contractor, shall either renegotiate the applicable Management Agreement or replace the Manager with a Successor Manager (as appropriate and to the extent permitted under such Management Agreement) so that the Foreclosed Property would be considered to be operated by an Independent Contractor.