Examples of Owner Subsidiaries in a sentence
The Property Manager shall arrange for, and negotiate contracts on behalf of the Owner Subsidiaries for, gas, electricity, water, telephone, trash collection, sewer, elevator service, landscaping, janitorial service, security service and such other services as are, or will be, furnished to the Properties for terms of not greater than one year, unless otherwise approved by the Company.
Further, the Property Manager shall not cause, or fail to take commercially reasonable actions to prevent, a divestiture of title from any of the Owner Subsidiaries under any encumbrance or any other Matter of Record.
The Property Manager shall devote its commercially reasonable efforts to performing its duties hereunder to manage, operate and maintain the Properties in a diligent, careful and professional manner to maximize all potential revenues to the Owner Subsidiaries and to minimize expenses and losses to the Owner Subsidiaries.
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Manager shall, at the cost of CPHP, utilize efforts in accordance with the Performance Standard to obtain and maintain, in CPHP’s (or, at the request of CPHP, its Affiliate’s) name whenever possible, all licenses and permits required by Applicable Law of CPHP (or the Property Owner Subsidiaries) in connection with the development of the Managed Improvements or any portion thereof.
Manager shall, at the cost of TIH, utilize efforts in accordance with the Performance Standard to obtain and maintain, in TIH’s or TICD’s (or, at the request of TIH, an Affiliate of either’s) name whenever possible, all licenses and permits required by Applicable Law of TIH and TICD (or the Property Owner Subsidiaries) in connection with the development of the Managed Improvements or any portion thereof.
To Seller’s Knowledge, the assets of the Tenant Subsidiaries and the Owner Subsidiaries include all assets, rights and interests reasonably required for the continued conduct of the Businesses of the Lodge Resorts through the Closing.
CPHP shall cause its Property Owner Subsidiaries to take any and all acts reasonably required in order to satisfy the obligations of this Agreement.
To Seller’s Knowledge, there is no suit, action, proceeding, investigation, complaint or claim pending or threatened against either of the Tenant Subsidiaries or either of the Owner Subsidiaries before any court of other Governmental Body or any arbitral tribunal.
TIH shall cause TICD or its Property Owner Subsidiaries to take any and all acts reasonably required in order to satisfy the obligations of this Agreement.