Property Manager Subordination Agreement definition

Property Manager Subordination Agreement means the Property Manager Subordination Agreement of even date herewith executed by Property Manager in favor of Lender, as amended from time to time.
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Property Manager Subordination Agreement means the Assignment of Management Agreement, Consent and Agreement of Manager to be executed by Property Manager in favor of Lender, in form and substance acceptable to Lender, as amended from time to time.
Sample 1
Property Manager Subordination Agreement means, individually and collectively, using an interpretation most favorable to Administrative Agent and Lenders, or as the context shall require (i) that certain Assignment of Management Agreement and Consent and Subordination of Manager (Offices at Greenhouse), dated as of November 14, 2016, executed Greenhouse Borrower and Greenhouse Property Manager in favor of Administrative Agent and Lenders; (ii) that certain Assignment of Management Agreement and Consent and Subordination of Manager (Xxx Xxxxxx Tech), dated as of May 8, 2017, executed by Xxx Xxxxxx Borrower and Xxx Xxxxxx Property Manager in favor of Administrative Agent and Lenders; and (iii) that certain Assignment of Management Agreement and Consent and Subordination of Manager (Institute), of even date herewith, executed by Institute Borrower and Institute Property Manager in favor of Administrative Agent and Lenders, and (in each case) any and all extensions, renewals, modifications, amendments, supplements and replacements thereto and therefor. Unless otherwise specified in this Agreement, or the context shall otherwise require using an interpretation most favorable to Administrative Agent and Lenders, the term “Property Management Subordination 18 Agreement” shall be deemed to be a reference to all of the foregoing Assignments of Management Agreement and Consents and Subordinations of Manager collectively and each individually.
Sample 1

Examples of Property Manager Subordination Agreement in a sentence

  • Neither Borrower nor Operating Lessee shall withdraw any amounts from the Operating Account except as may be approved by Agent in writing, it being acknowledged that Property Manager (and pursuant to the other provisions of this Section 2.16(a), Agent) alone shall withdraw sums from the Operating Account pursuant to and in accordance with the Property Management Agreement and the Property Manager Subordination Agreement.

  • Operating Lessee shall not permit Property Manager to withdraw or otherwise use sums from the Operating Account except in accordance with the Property Management Agreement and the Property Manager Subordination Agreement.

  • Upon execution, Borrower shall promptly deliver to Lender the fully executed Property Manager Subordination Agreement (attaching a copy of the Property Management Agreement).

Related to Property Manager Subordination Agreement

  • Management Fee Subordination Agreement means that certain Amended and Restated Management Fee Subordination Agreement, dated as of the Closing Date, by and between the Sponsor and Agent and acknowledged by the Borrower.

  • Property Management Agreement means any Property Management Agreement between the Company and the Property Manager.

  • Affiliate Subordination Agreement means an Affiliate Subordination Agreement in the form of Exhibit F pursuant to which intercompany obligations and advances owed by any Loan Party are subordinated to the Obligations.

  • Intercompany Subordination Agreement means an intercompany subordination agreement, dated as of even date with this Agreement, executed and delivered by each Loan Party and each of its Subsidiaries, and Agent, the form and substance of which is reasonably satisfactory to Agent.

  • Subordination Agreements means all subordination agreements executed by a holder of Subordinated Debt in favor of the Administrative Agent and the Lenders from time to time after the Closing Date.

  • Hotel Management Agreement means any management agreements between a Hotel Management Company and Lessee and/or Landlord, as applicable, as such management agreements are amended from time to time for the Hotel.

  • Assignment of Management Agreement means the Assignment of Management Agreement and Subordination of Management Fees, dated the same date as this Loan Agreement, among Borrower, Lender and Property Manager, including all schedules, riders, allonges and addenda, as such Assignment of Management Agreement may be amended from time to time, and any future Assignment of Management Agreement and Subordination of Management Fees executed in accordance with Section 6.09(d).

  • Asset Management Agreement means, as the context requires, any agreement entered into between a Series and an Asset Manager pursuant to which such Asset Manager is appointed as manager of the relevant Series Assets, as amended from time to time.

  • Subordination Agreement means any subordination or intercreditor agreement(s) entered into with respect to any subordinate financing related to the Project, as the same may be amended, supplemented or restated.

  • Bailee Agreement means a Bailee Agreement among Seller, Buyer and Bailee in the form of Exhibit IV hereto.

  • Management Agreement means the agreement to be entered into between the Borrower and the Manager providing for the ship management and crewing services of the Vessel, such agreement to be in the form and on the terms and conditions required by the Agent;

  • Custodial Agreements The Custodial Agreements, listed in Exhibit F hereof, as each such agreement may be amended or supplemented from time to time as permitted hereunder.

  • Cooperation Agreement means that certain Mortgage Loan Cooperation Agreement, dated as of the Closing Date, among Borrower, Lender and Sponsor, as the same may from time to time be amended, restated, replaced, supplemented or otherwise modified in accordance herewith.

  • leasing agreement means an agreement by which one person (the lessor) grants a right to possession or control of an object (with or without an option to purchase) to another person (the lessee) in return for a rental or other payment;

  • Collateral Management Agreement The agreement dated as of the Closing Date, between the Issuer and the Collateral Manager relating to the management of the Collateral Obligations and the other Assets by the Collateral Manager on behalf of the Issuer, as amended from time to time in accordance with the terms thereof.

  • Construction Management Agreement means the Construction Management Agreement, dated as of the date of the Common Agreement, between Construction Manager and the Project Company.

  • Construction Agreements means agreements to which Tenant is a party for Construction Work, rehabilitation, alteration, repair, replacement or demolition performed pursuant to this Lease.

  • Foundation Agreement means the agreement dated the 20th February 1985 made between the Trustee, the Manager, Xxxxxxxx, Genting WA and Tileska providing for the subscription of Units and Options;

  • Custodial Agreement An agreement that may be entered into among the Company, the Master Servicer, the Trustee and a Custodian pursuant to which the Custodian will hold certain documents relating to the Mortgage Loans on behalf of the Trustee. Custodian: A custodian appointed pursuant to a Custodial Agreement.

  • New Management Agreement means the management agreement to be entered into between Buyer and the Manager for the operation and management of the Hotel on and after the Closing Date.

  • Sponsor Management Agreement means the management agreement between certain of the management companies associated with the Sponsor Group or their advisors and the Borrower.

  • Project Management Agreement means the agreement dated the 20th February 1985 made between the Trustee and the Manager providing for the Manager to manage and co‑ordinate the development and construction of the Resort and includes, if that agreement is terminated, any other agreement in like and similar terms made with the prior consent of the Minister;

  • Existing Management Agreement means that certain management agreement between the Seller and the Existing Manager for the operation and management of the Hotel.

  • Investment Management Agreement means the Investment Management Agreement, dated as of the date hereof, by and between the Investment Manager and the Borrower.

  • Diversion agreement means a mechanism designed to hold a child accountable for his or her behavior and, if appropriate, securing services to serve the best interest of the child and to provide redress for that behavior without court action and without the creation of a formal court record;