Common use of Executive Management Clause in Contracts

Executive Management. Unless the Required Lenders otherwise consent in writing, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇ shall remain each Borrower's operations manager and the President of The Summit Group, Inc., and The Summit Group, Inc. shall be the property manager of each Hotel pursuant to each Borrower's Operating Agreement.

Appears in 2 contracts

Sources: Loan Agreement (Summit Hotel Properties, Inc.), Loan Agreement (Summit Hotel Properties, LLC)

Executive Management. Unless the Required Lenders otherwise consent in writing, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇ shall remain each Borrower's ’s operations manager and the President of The Summit Group, Inc., and The Summit Group, Inc. shall be the property manager of each Hotel pursuant to each Borrower's ’s Operating Agreement.

Appears in 2 contracts

Sources: Loan Agreement (Summit Hotel Properties LLC), Loan Agreement (Summit Hotel Properties LLC)

Executive Management. Unless the Required Lenders Lenders' otherwise consent in writing, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇ shall remain each BorrowerCompany's operations manager and the President of The Summit Group, Inc., and The Summit Group, Inc. shall be the property manager of each Hotel pursuant to each BorrowerCompany's Operating Agreement.

Appears in 1 contract

Sources: Loan Agreement (Summit Hotel Properties LLC)

Executive Management. Unless the Required Lenders Agent otherwise consent consents in writing, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇ shall remain each Borrower's operations manager and the President of The Summit Group, Inc., and The Summit Group, Inc. shall be the property manager of each Hotel pursuant to each Borrower's Operating Agreement.

Appears in 1 contract

Sources: Loan Agreement (Summit Hotel Properties, LLC)