Examples of Subordination of Property Management Agreement in a sentence
Pursuant to the Subordination of Property Management Agreement or Agreements, each Approved Property Manager shall agree that its Approved Management Agreement, and all fees thereunder (including any incentive fees) are subject and subordinate to the Indebtedness.
Lender shall have the right, after reasonable notice to Borrower and in accordance with the Subordination of Property Management Agreement, to cure defaults of Borrower under the Approved Property Management Agreement.
Borrower may from time to time appoint a successor manager, which successor manager shall be an Approved Property Manager, to manage the Property pursuant to an Approved Management Agreement, and such successor manager shall execute for Lender's benefit a Subordination of Property Management Agreement in form and substance reasonably satisfactory to Lender.
You must have experience of taking press photographs, be creative, with a good portfolio of successfully published work.
In September 2019, in addition to the completion of STP2A reclamation works, TPD also completed reclamation, at its own cost, of 131 acres off the Gurney Drive foreshore for the Penang State Government whereby sectional handover to the State began in October 2019.