Owner Agreement definition
Examples of Owner Agreement in a sentence
Independent System Operator/Transmission Owner Agreement (“ISO/TO Agreement”).
During the term of the Operating Agreement, Landlord shall indemnify and hold Tenant harmless against all claims, costs and expenses (including reasonable attorneys' fees and paralegals' fees) arising from a Landlord Default under the terms and conditions of this Agreement which shall cause an Event of Default under Section 16.01 of the Operating Agreement or a breach by Landlord of its obligations under the Owner Agreement or the Pooling Agreement.
Landlord and Tenant acknowledge and agree that the Landlord is hereby authorized to communicate directly with the Operator in connection with the operation of the Retirement Community and in connection with certain terms and provisions set forth in the Operating Agreement, provided that Landlord shall not take any action that would solely by reason of such action cause Tenant to be in default under the Operating Agreement, the Pooling Agreement or the Owner Agreement.
Unless required by Applicable Laws, Tenant shall not enter into any modifications or amendments of the Franchise Agreement, nor, except as otherwise expressly set forth in this Agreement or the Owner Agreement, terminate the same prior to the expiration thereof, without Landlord's prior written consent; nor shall Tenant enter into any replacement of the Franchise Agreement without Landlord's prior written consent.
If Tenant does not make such an audit, then such statement shall be deemed to be conclusively accepted by Tenant as being correct, and Tenant shall have no right thereafter, except for adjustments made pursuant to an audit requested by Landlord under the Owner Agreement or in the event of fraud by Manager, to question or examine the same.