Property Companies definition
Examples of Property Companies in a sentence
Without limiting the generality of the foregoing, the Members agree to make such non-economic changes as any Lender(s) may require with respect to this Agreement and/or to the organizational documents of the Property Companies, including, without limitation, the addition of a non-member manager and/or independent director to the structure of any Property Company to the extent not already in place.
The Borrower will not, and will cause the Property Companies not to, terminate or vote to terminate any of the Management Agreements or enter into any new contract or contracts for the delivery of marketing or management services for the Facilities except to the extent if approved by the Administrative Agent.
The Partnerships agree for a period of five (5) years subsequent to the Closing Date, upon request of the Contributing Parties, to make available to the Contributing Parties all information and statements in the Partnerships' possession (including, without limitation, the Property Company Records) with regard to any period prior to the Closing Date which may be reasonably required by the Contributing Parties in connection with the Property Companies' control of the Property or the operation thereof.
The Contributing Parties shall cause the Property Companies to direct the managers of the Hotels to cooperate in such investigations by the Partnerships, and take such steps as may be reasonably within the power of the Property Companies to compel the managers so to cooperate, and the Partnerships shall use commercially reasonable efforts to minimize disruption to the Hotel Business.
The Contributing Parties, the Property Companies and the Starwood Parties, at or after Closing, and without further consideration, shall execute, acknowledge and deliver to the other such other documents and instruments, and take such other actions, as either shall reasonably request or as may be necessary more effectively to transfer to the Partnerships the Property in accordance with this Agreement.