Manager Party definition

Manager Party shall have the meaning set forth in Section 9(a).

Manager Party means Manager and any of its employees, agents directors, officers, subsidiaries, affiliates and independent contractors.

Manager Party means the Manager and any Key Persons with respect to a Facilities Portfolio, as each is defined in each Facilities Portfolio Management Agreement.

Examples of Manager Party in a sentence

• Furthermore, the Company understands and agrees that each Investment Manager Party shall have the right to engage, directly or indirectly, in the same or similar business activities or lines of business as the Investment Manager and any other Investment Manager Party and no knowledge or expertise of any Investment Manager Parties or any opportunities available to such Investment Manager Parties shall be imputed to the Investment Manager or any other Investment Manager Parties.

• Manager shall immediately notify the City Representative when a perceived or actual financial or economic interest of any Manager Party relating to this Agreement is identified.

• No Manager Party shall enter into any Purchase Contract pursuant to which such Manager Party shall agree to acquire an interest of any kind (whether directly or indirectly) in any self-storage and/or mini-warehouse facility or in any Person owning or holding an interest therein, without first offering such opportunity to the Operating Partnership on the same terms that such interest was offered to the applicable Manager Party.

• In the event that the Operating Partnership declines to purchase such interest or fails to respond to the applicable Manager Party within ten (10) Business Days following receipt of such offer, the Manager Party shall be free to enter into such Purchase Contract on the same terms offered to the Operating Partnership for the immediately succeeding ninety (90) day period.

• The power of attorney hereby granted shall be deemed to be coupled with an interest and shall be irrevocable and survive the Term of this Agreement and not be affected by the subsequent insolvency of any Manager Party.

More Definitions of Manager Party

Manager Party shall have the meaning set forth in Section 6.2.1.

Manager Party means (i) the Manager, (ii) each of the Manager’s affiliates, (iii) each present or former owner, equity holder, officer, director or employee of the Manager or any of the Manager’s affiliates (each, a “Manager Insider”), (iv) each member of the family of any Manager Insider, (v) each fund or account managed by any of the foregoing persons described in clause (iii) or (iv) for the principal use or benefit of any of the foregoing persons described in clause (iii) or (iv), or (vi) a trust or other entity established for the benefit of any Manager Insider or any member of the family of any Manager Insider. Underperformance Carryforward Amount shall have an initial value of zero and shall be adjusted as follows:

Manager Party shall have the meaning given to such term in Section 4.9.

Manager Party means each of Sheridan ICM, LLC, Sheridan SMG, LLC, Sheridan SMG I Carry, LLC, Sheridan Production Company, LLC, Sheridan Production Company I, LLC, Sheridan Production Operating Company, LLC, Warburg Pincus LLC, and WPS Production Partners, LLC.

Manager Party means the Manager, its directors, officers, employees, agents and consultants;

Manager Party or “Manager Parties” means, individually or collectively, Manager and any affiliate of Manager in which either (i) Xxxxxx Xxxxxxx; (ii) Xxxxxxx Xxxxxxxxx; or (iii) an irrevocable trust which Xxxxxx Xxxxxxx or Xxxxxxx Xxxxxxxxx is the trustee of: (A) own, in the aggregate, directly or indirectly, at least fifty percent (50%) of the membership interests; and (B) possess, directly or indirectly, the power to direct or cause the direction of the day-to-day operations, management or policies of such affiliate, or the power to veto major policy decisions of such Person, whether through the ownership of voting securities, by agreement, or otherwise.

Manager Party or “Manager Parties” shall have the meaning set forth in Section 13. “Material Breach of Law” shall mean (i) a final determination by a Governmental Authority that Manager has committed a violation of Applicable Law which could reasonably be expected to have a material adverse effect on Manager or Manager’s ability to perform its obligations under this Agreement, or (ii) a notice or charge by a Governmental Authority of, or the commencement of a formal investigation by a Governmental Authority with respect to, a violation of Applicable Law by Manager which, if such violation occurred or is occurring, could reasonably be expected to have a material adverse effect on Manager or Manager’s ability to perform its obligations under this Agreement.