Subordination of Management Agreement definition

Subordination of Management Agreement means that certain Subordination of Management Agreement dated the date hereof among Lender, Borrower and Manager, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

Subordination of Management Agreement means that certain Mezzanine A Subordination of Management Agreement, dated as of the Closing Date, among Lender, Borrower, Mortgage Borrower and Manager, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

Subordination of Management Agreement means that certain Subordination of Management Agreement of even date herewith by and among Lessee, Manager, and Lender.

Examples of Subordination of Management Agreement in a sentence

• Borrower shall fully perform all of its covenants, agreements and obligations under the Property Management Agreement and shall cause the Property Manager to enter into a Subordination of Management Agreement upon execution of the Property Management Agreement.

• For example, a Manager’s Consent, Subordination of Management Agreement, and Non-Disturbance Agreement was entered into by and among CNL Desert Resort, LP, CNL Grand Wailea Resort, LP, and CNL Biltmore Resort, LP, collectively, as Borrower, CNL Resort Lodging Tenant Corp.

• There are two possible types of control agreements: a Profit and Loss Agreement (which we call PLA) and a Subordination of Management Agreement (SMA).3 An SMA requires the controlling company to absorb any losses but the transfer of profit is optional.

• The Debtor, TRN, and Wells Fargo shall have executed and delivered the Assignment and Subordination of Management Agreement.

• The Cinco Ranch Loan is also secured by, among other things, the assignments, indemnities, liens and security interests created pursuant to an Assignmentand Subordination of Management Agreement dated May 29, 2013 (the “ Cinco Ranch Assignment”).

More Definitions of Subordination of Management Agreement

Subordination of Management Agreement means that certain Subordination of Management Agreement and Management Fees (Mezzanine Loan), dated as of the date hereof, among Lender, Borrower, Mortgage Borrower and Manager, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

Subordination of Management Agreement means each Consent and Agreement of Manager and Subordination of Management Agreement, dated as of the date hereof, by and among Borrower, any applicable Master Tenant (if any), Lender and the applicable Approved Property Manager as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time

Subordination of Management Agreement means, individually and/or collectively, as the context may require, those certain Subordinations of Management Agreement (Mezzanine C) dated as of the date hereof by Mortgage Borrower and Borrower to Lender and acknowledged and consented to by Manager, as the same may be amended, restated, replaced, extended, renewed, supplemented or otherwise modified from time to time and any subordination of management agreement by Mortgage Borrower and Borrower to Lender and acknowledged and consented to by any New Manager entered into in accordance with the terms and conditions of the Loan Documents and in substantially the same form as such Subordination of Management Agreement (with such changes thereto requested by New Manager and reasonably satisfactory to Lender), as the same may be amended, restated, replaced, extended, renewed, supplemented or otherwise modified from time to time.

Subordination of Management Agreement means individually and/or collectively, as the context may require, those certain Subordination of Management Agreement (Mezzanine A), by and among Borrower, Lender and the applicable Manager, as any of the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

Subordination of Management Agreement means, individually and/or collectively, as the context may require, those certain subordination of management agreement and management fees, dated as of the Closing Date, among Lender, Borrower, Operating Lessee and the applicable Manager as set forth on Schedule XI attached hereto, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

Subordination of Management Agreement means, collectively, each Subordination of Management Agreement delivered by each Manager to Administrative Agent for the benefit of the Lenders, in form and substance reasonably acceptable to Administrative Agent and Administrative Agent’s counsel.

Subordination of Management Agreement means that certain Assignment and Subordination of Management Agreement, dated as of the Closing Date and executed by Xxxxxxxx, Property Manager and Administrative Agent, as the same may be modified, amended, amended and restated, supplemented or replaced from time to time.