Common use of Covenants of Assignor Clause in Contracts

Covenants of Assignor. Assignor agrees not to do, or suffer to be done, any of the following acts without the prior written consent of Agent in its Permitted Discretion not to be unreasonably withheld, conditioned, or delayed: (a) cancel, terminate or surrender the Property Management Agreement (except in accordance with its terms); (b) permit any assignment by Property Manager of Property Manager’s rights and obligations under the Property Management Agreement; (c) forgive any obligation under the Property Management Agreement; (d) modify the Property Management Agreement; (e) assign Assignor’s interest in the Property Management Agreement or any portion thereof; or (f) fail to perform any obligation of Assignor in accordance with the provisions of the Property Management Agreement, which failure would constitute a default thereunder and which failure shall continue beyond any applicable notice and cure period provided thereunder.