Management Entities. Each Party hereby designates a management entity responsible for implementation of this Agreement (the 'Management Entities'). The European Union designates the Commission of the European Union ('Commission') as its Management Entity. The United States of America designates the U.S. EPA as its Management Entity.
Management Entities. St. Regis Colorado Management, Inc. From the Effective Date until such time as Licensee takes steps to update its Offering Documents for The St. Regis Residence Club, Aspen, or otherwise takes steps to register or take similar action with any governmental authority with respect to such Specified Fractional Project, in either case, to enable Licensee to re-commence sales of Destination Club Products for such Specified Fractional Project. Solely to be used as part of the legal entity name for the entity that acts as the manager for The St. Regis Residence Club, Aspen. Not to be used for marketing purposes or in any other consumer-facing capacity, other than to the extent the legal entity name is required to be disclosed in the relevant Offering Documents in effect as of the Effective Date or in reasonably necessary ordinary course communications with existing owners. St. Regis New York Management, Inc. From the Effective Date until such time as Licensee takes steps to update its Offering Documents for The St. Regis Residence Club, New York, or otherwise takes steps to register or take similar action with any governmental authority with respect to such Specified Fractional Project, in either case, to enable Licensee to re-commence sales of Destination Club Products for such Specified Fractional Project. Solely to be used as part of the legal entity name for the entity that acts as the manager for The Xx. Xxxxx Xxxxxxxxx Xxxx, Xxx Xxxx. Not to be used for marketing purposes or in any other consumer-facing capacity, other than to the extent the legal entity name is required to be disclosed in the relevant Offering Documents in effect as of the Effective Date or in reasonably necessary ordinary course communications with existing owners. APPROVED CORPORATE NAME TIME PERIOD (UNLESS EARLIER REVOKED PURSUANT TO NOTE A BELOW) PURPOSE Westin Vacation Management Company (USVI) From the Effective Date until the earlier of such time that (i) The Westin St. Xxxx Resort & Villas (or The Westin St. Xxxx Resort Villas) is no longer in operation, and (ii) there is no longer any material tax consequence to Licensee associated with changing the entity’s name. Solely to be used as part of the legal entity name for the entity that acts as the manager for The Westin St. Xxxx Resort & Villas or The Westin St. Xxxx Resort Villas, as applicable. Not to be used for marketing purposes or in any other consumer-facing capacity, other than to the extent the legal entity name is required ...
Management Entities. As soon as available, but not later than forty-five (45) days after the end of each calendar quarter, a quarterly operating statement for each Property in the Unencumbered Asset Pool and a consolidated quarterly operating statement for each Management Entity including, without limitation, a schedule of all property management agreements generating Owned or Controlled Management Company EBITDA and (ii) any other property management generating EBITDA and the revenues generated by each such contract (in a format and with such detail as the Agent reasonably requires and, unless otherwise required by Agent, in a format and with such detail as previously delivered to Agent by Borrower); and
Management Entities. The Borrower will not, nor will it cause any of its Subsidiaries to, cause or permit the occurrence or existence of any of the following: (i) the Borrower failing to own, directly or indirectly, 100% of the Equity Interests of Sierra Management; (ii) the Collateral Agent failing to hold a first priority perfected security interest in the Equity Interests of Sierra Management; (iii) Sierra Management failing to hold, directly or indirectly, 100% of the Equity Interests of each other Specified Management Entity; or (iv) any Person (other than the Collateral Agent) having a Lien on any Equity Interests of any Specified Management Entity.
