Third Party Manager definition
Examples of Third Party Manager in a sentence
In such case, Seller and the Third Party Manager and the Franchisor shall terminate the existing Management Agreement and Franchise Agreement, where applicable, as of the Closing Date, and Seller shall be solely responsible for all claims and liabilities arising thereunder.
Upon notification from the Contractor that the Hotel is Substantially Completed and ready for inspection, Seller shall prepare a “punch list” with the assistance of the Architect and the Manager (if the Manager is a Third Party Manager) or the Franchisor, as applicable.
Seller acknowledges that final acceptance of the work on the Hotel shall be made only with the approval of Buyer and the Third Party Manager or the Franchisor, applicable.
The parties also recognize that, for various reasons, the applicable investment management agreement (the “Applicable IMA”) between ISG and the owner of any given Account or the applicable sub-advisory agreement (the “Applicable SAA”) between ISG and the applicable Reinsurance-Related Third Party Manager may not contain a standard of care and/or indemnification provision or may contain a standard of care and/or indemnification provision that deviates from the Standard Indemnity.
The Guarantor shall procure that no other Group Member and no Relevant Party shall (in the case of a Third Party Manager on a best efforts basis), become a Restricted Person or act on behalf of, or as an agent of, a Restricted Person.