Common use of Operation of the Properties Clause in Contracts

Operation of the Properties. (a) Borrowers shall cause Mortgage Borrowers to operate the Properties, in all material respects, in accordance with the applicable Management Agreement. In the event that any Management Agreement expires or is terminated (without limiting any obligation of Borrowers to obtain Lender’s consent to any termination or modification of any Management Agreement, if applicable, in accordance with the terms and provisions of this Agreement), Borrowers shall cause Mortgage Borrowers to promptly enter into a Replacement Management Agreement with the applicable Manager or another Qualified Manager, as applicable.

Operation of the Properties. (a) Borrowers shall cause Mortgage Borrowers the Properties to operate the Propertiesbe operated, in all material respects, in accordance with the applicable Management Agreement. In the event that any Management Agreement expires or is terminated (without limiting any obligation of Borrowers to obtain Lender’s consent to any termination or modification of any Management Agreement, if applicable, in accordance with the terms and provisions of this Agreement), Borrowers shall cause Mortgage Borrowers to promptly enter into a Replacement Management Agreement with the applicable Manager or another Qualified Manager, as applicable.

Operation of the Properties. (a) Borrowers shall cause Mortgage Borrowers to operate the Properties, in all material respects, in accordance with the applicable Management Agreement. In the event that any Management Agreement expires or is terminated (without limiting any obligation of Borrowers to obtain Lender’s consent to any termination or modification of any Management Agreement, if applicable, in accordance with the terms and provisions of this Agreement), Borrowers shall cause Mortgage Borrowers to promptly enter into a Replacement 104 Management Agreement with the applicable Manager or another Qualified Manager, as applicable.

Operation of the Properties. (a) The Borrowers shall cause Mortgage Borrowers the Properties to operate the Propertiesbe operated, in all material respects, in accordance with the applicable Management Agreement or Replacement Management Agreement. In the event that any Management Agreement expires or is terminated (without limiting any obligation of Borrowers any Borrower to obtain Lenderthe Agent’s consent to any termination or modification of any such Management Agreement, if applicable, Agreement in accordance with the terms and provisions of this Agreement), Borrowers the Borrower that was a party to such Management Agreement shall cause Mortgage Borrowers to promptly promptly, after obtaining the Agent’s Approval, enter into a Replacement Management Agreement with the applicable any Manager or another a Qualified Manager, as applicable.