Examples of New Property Manager in a sentence
If Grantor shall terminate or permit any amendment to or modification of the Management Agreement, or permit management of the Property by any person or entity other than Property Manager (“New Property Manager”), Grantor shall promptly provide Beneficiary with notice thereof and any such New Property Manager shall have management expertise in managing properties similar in size and type to the Property.
The associated costs for the personnel arranged for by the Minister during the transition period shall be considered Extra Work and paid by the New Property Manager from the extra work Allowance.
If Grantor shall terminate or permit any amendment to or modification of the Management Agreement, or permit management of the Property by any person or entity other than Property Manager (“New Property Manager”), Grantor shall promptly provide Grantee with notice thereof and any such New Property Manager shall have management expertise in managing properties similar in size and type to the Property.
Board researching to changing vendors.♦ New Property Manager assigned to Woodlake.
In adjusting for Uncollected Rents, no adjustments shall be made in a Seller’s favor for rents which have accrued and are unpaid as of the Closing Date, but Purchaser and/or New Property Manager shall pay to such Seller such accrued Uncollected Rents as and when collected by Purchaser.
Seller acknowledges that if Purchaser elects to terminate this Agreement pursuant to such Section 13.2, then the New Property Management Agreement shall terminate thirty (30) days thereafter, New Property Manager shall have the rights and remedies available to it upon termination due to a default by Seller under the New Property Management Agreement, and Purchaser shall also have the remedies available to it under such Section 13.2.
If Trustor shall terminate or permit any amendment to or modification of the Management Agreement, or permit management of the Property by any person or entity other than Property Manager (“New Property Manager”), Trustor shall promptly provide Beneficiary with notice thereof and any such New Property Manager shall have management expertise in managing properties similar in size and type to the Property.
Subject to satisfaction of all of the conditions contained herein, Lender consents to the Transfer and Assumption and, in connection therewith, to a change in management of the Property from Thor Equities LLC, a Delaware limited liability company ("Original Property Manager"), to New Property Manager.
Each Seller shall prepare a proration schedule (the “Proration Schedule”) of the adjustments described in this Section 6.5 prior to Closing and Purchaser and New Property Manager shall, in good faith, assist each Seller in the preparation of such Proration Schedules).
He also stated that the New Owner desires to assume the obligations of the Prior Owner under the Regulatory Agreement and EUA (“Assumption”) and that the New Owner has requested that the Authority consent to the Transfer, Assumption and New Property Manager as more fully described in the Summary.