Manager Event of Default definition

Manager Event of Default has the meaning ascribed to such term in Section 9.01.

Manager Event of Default. The filing by Manager of a voluntary petition in bankruptcy or insolvency or a petition for reorganization under any bankruptcy law, or the admission by Manager that it is unable to pay its debts as they become due, or the institution of any proceeding by Manager for its dissolution or termination.

Manager Event of Default has the meaning set forth in Section 16.1.2.

Examples of Manager Event of Default in a sentence

• Any Asset Manager Event of Default occurs and the Asset Manager is not replaced with Radian Real Estate Management LLC or such other successor Asset Manager acceptable to Administrative Agent, in its sole discretion, within thirty (30) days; provided, however, such Asset Manager Event of Default may be waived in writing by Administrative Agent in its sole and absolute discretion on or prior to the thirtieth (30th) day.

• In the event of any termination of this Agreement as a result of a Manager Event of Default, Manager shall forthwith pay to Owner all amounts due and payable through and including the date of such termination.

• Except for Manager’s indemnification obligations set forth in Article XII, Tenant agrees that, as between Tenant and Manager, Manager will have no liability for monetary damages or monetary relief to Tenant for any violation of Manager’s Standard of Care or claims of breach of any fiduciary duties or duties as agent unless such violation or breach was due to an action or event giving rise to a Manager Event of Default (disregarding any applicable notice and/or cure periods for such purpose).

• Tenant shall bear all losses suffered in any investment of funds into any such Bank Account, and Manager shall have no liability or responsibility for such losses, except to the extent due to a Manager Event of Default.

• None of (i) the termination of this Agreement in connection with a Manager Event of Default, (ii) the repossession of the Hotel or any portion thereof, (iii) the failure of Owner to engage a replacement manager, nor (iv) the engagement of any replacement manager for all or any portion of the Hotel, shall relieve Manager of its liability and obligations hereunder, all of which shall survive any such termination, repossession or engagement.

More Definitions of Manager Event of Default

Manager Event of Default shall have the meaning given such term in Section 17.1.

Manager Event of Default means, in relation to a Chargor, that Chargor entering into Insolvency Administration.

Manager Event of Default means any of the following:

Manager Event of Default means a “Manager Event of Default” as defined in the Management Agreement.

Manager Event of Default has the meaning given in Section 7.1.

Manager Event of Default means the occurrence of one or more of the following:

Manager Event of Default shall have the meaning set forth in Section 5.1(a).