Agent’s Representations. The Agent represents to, and covenants and agrees with, Party A on and as of the date hereof and on each date on which a Transaction is entered into and regardless of whether such Transaction or any portion thereof has been finally allocated to the Fund that:
Agent’s Representations. Agent will comply with Applicable Law governing its business operations and profession. Agent will operate in compliance with the Governing Documents of the Homeowners Association.
Agent’s Representations. Agent herein warrants and represents that it is duly licensed and bonded to engage in the business of real estate property management and sales and is in compliance with all requirements set forth by the state and municipal governments and will abide by all federal, state, and local laws, ordinances and regulations governing fair housing rules and practices regarding discrimination. MANAGEMENT Owner appoints Agent as Owner’s exclusive agent to manage and lease the Property, on behalf of Owner, and Agent is granted full authority and discretion to do so. Agent must report rents received to the Internal Revenue Service. TERM This agreement shall be for an initial term commencing on the Commencement Date and ending on the Termination Date and continuing thereafter for periods of twelve months unless either party gives the other thirty (30) days written notice of its intention to terminate the agreement as of the expiration of the then current lease. If the Property remains unrented after the initial 120 days of this agreement, either Agent or Owner may terminate this agreement upon written notice. In the event Owner terminates the agreement within the original 120 days, Owner agrees to forfeit the Minimum Reserve to Agent. THE OWNER HEREBY DELEGATES TO THE AGENT THE FOLLOWING AUTHORITY AND POWERS (ALL OF WHICH MAY BE EXERCISED IN THE NAME OF THE OWNER) AND ASSUMES ALL EXPENSE IN CONNECTION THEREWITH: PROCURE LEASES / RENTAL AMOUNT Make all diligent efforts to procure a suitable tenant as soon as possible at the Market Rent or such other amount as may be deemed acceptable by Agent, but in no event less than the Minimum Rent without Owner’s approval. RENEW / CANCEL LEASES Negotiate and execute leases, renewals, or subsequent leases on behalf of the Owner, as in Agent’s best judgment provide a fair return to Owner, and are consistent with Owner’s instructions. Leases are to be written on the lease form provided by the Agent. COLLECT RENTS Collect all rents and other charges which become due in accordance with the terms of the Lease Agreement via legal process or other means provided owner funds are sufficient to offset the expense of same, exercising due diligence in this pursuit, but nothing in this Agreement shall be construed as a guarantee by the Agent of the payment of rents or other charges by Tenant.
Agent’s Representations. Agent warrants and represents to Lender as of the date hereof that: (a) a true, correct and complete copy of the Management Agreement is attached hereto as Exhibit A, that the Management Agreement has not been modified or amended, that the entire agreement between Agent and Lessee is evidenced by the Management Agreement; (b) Agent has agreed to act as manager of the Property pursuant to the Management Agreement, (c) the entire agreement between Agent and Lessee for the management of the Property is evidenced by the Management Agreement, (d) the Management Agreement constitutes the valid and binding agreement of Agent, enforceable in accordance with its terms, and Agent has full authority under all state and local laws and regulations, to perform all of its obligations under the Management Agreement, (e) Lessee is not in default in the performance of any of its obligations under the Management Agreement and all payments and fees required to be paid by Lessee to Agent thereunder have been paid to the date hereof, (f) it has reviewed the Operations and Maintenance Agreement (the “O&M Agreement”) dated as of the Original Closing Date, if any, and agrees to comply with all of the terms and conditions thereof, and further, agrees that, in the event that Borrower is required to maintain an operations and maintenance program for the management of asbestos, lead-based paint, radon or any other Hazardous Substances (as defined in the Mortgage) at the Property, then the Agent shall review same and comply with all of the terms and conditions thereof, (g) Agent has adequate leasing .and operational authority to effectively manage and lease the Property on behalf of Lessee, and (h) Agent acknowledges and agrees that Lender is a third party beneficiary under the Management Agreement.
Agent’s Representations. Agent shall make no representations, warranties, promises, understandings, or agreements which deviate from the rates and time frames established for delivery of service and/or otherwise concerning HYP or HYP's Services not approved in advance in writing by HYP, nor shall Agent represent itself as the provider of HYP'
Agent’s Representations. Agent herein warrants and represents that it is duly licensed and insured to engage in the business of real estate property management and is in compliance with all requirements set forth by the state and municipal governments and will abide by all federal, state, and local laws, ordinances and regulations governing fair housing rules and practices regarding discrimination.
Agent’s Representations. 16. The Agent hereby represents and acknowledges the following:
