Examples of Management Term in a sentence
Management Term – a time period indicated in the Investment Declaration during which the Manager conducts the Management.
The Rate shall be subject to alteration annually, as agreed upon by both parties in advance of each year of the Management Term.
To exercise its renewal option, Manager must give written notice to Licensee, delivered not more than 180 days and not less 120 days before the Management Term would otherwise end, stating that Manager is exercising its option to renew for an additional ten year period.
In the event the independent property valuers’ assessments are yet to be available by the commencement of the Renewed Management Term, KWHK shall continue to pay to the Owner the Monthly Yield with reference to the Guaranteed GR for the Management Term (for the purpose of calculating the Lease Management Fee payable) on account of such Guaranteed GR for the Renewed Management Term to be determined.
Subject to the terms and provisions hereof, Manager shall provide or arrange for the provision of the services specified in this Section 5 to, and on behalf of, Owner during the Management Term.