RSC-LSC definition
Examples of RSC-LSC in a sentence
RSC-LSC and RSC-GSC, and any other Affiliate of RSC or a Royal Principal (each an “RSC Manager”), may serve as the property manager for the Property; subject to the applicable termination provisions of the Management Agreement, as long as the Non-Managing Member is Controlled by one or more Royal Principals, Royal or an entity Controlled by one or more Royal Principals.
Each of the Management Agreements attached hereto as Exhibit C and any other Management Agreement with RSC-LSC, RSC-GSC, or any other Affiliate of RSC or a Royal Principal is referred to a “RSC Management Agreement”).
In the event that RSC-LSC and RSC-GSC, or any other Affiliate of RSC or a Royal Principal is removed or otherwise ceases to serve as the property manager for the Property (other than by reason of an event of default by the applicable RSC Manager), the Managing Member shall choose the initial replacement property manager, subject to the consent of the Non-Managing Member, which consent shall not be unreasonably withheld.
The Members do not object to and hereby authorize to the extent applicable, RSC-LSC Management Company, LLC, a Florida limited liability company (“RSC-LSC”) being engaged as property manager of the Lexington Property and RSC-GSC Management Company, LLC, a Florida limited liability company (“RSC-GSC”) being engaged as property manager of the Greenville Property pursuant to Management Agreements substantially in the from attached hereto and incorporated by reference as Exhibit C.
The Members do not object to and hereby authorize, RSC-LSC Management, LLC, a Florida limited liability company (“RSC-LSC”) being engaged as property manager of the Lexington Property and RSC-GSC Management, LLC, a Florida limited liability company (“RSC-GSC”) being engaged as property manager of the Greenville Property pursuant to Management Agreements substantially in the from attached hereto and incorporated by reference as Exhibit C.