Existing Manager Clause Samples

The 'Existing Manager' clause defines the rights, responsibilities, or status of a manager who is already in place prior to a new agreement or transaction. Typically, this clause clarifies whether the current manager will continue in their role, outlines any changes to their authority, or specifies the terms under which their management may be altered or terminated. For example, it may state that the existing manager will remain in charge unless certain conditions are met, or that their compensation and duties will be adjusted according to the new arrangement. The core function of this clause is to ensure continuity and clarity regarding management during transitions, preventing disputes or confusion about leadership roles.
Existing Manager. Marriott Hotel Services, Inc., a Delaware corporation.
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Existing Manager. At or prior to the Closing, Seller shall terminate the Existing Manager, and Seller shall be solely responsible for all claims and liabilities to the Existing Manager arising prior to or following the Closing Date. Seller shall be responsible for paying all costs related to the termination of the Existing Manager.
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Existing Manager. The parties to this Agreement understand and agree that the Manager is entering into this Assignment only in connection with the Existing Management Agreement. Accordingly, and notwithstanding anything to the contrary set forth in this Assignment or otherwise, the Manager shall have absolutely no obligations or liabilities whatsoever under this Assignment or otherwise to Landlord and/or Tenant with respect to any Management Agreement other than the Existing Management Agreement.
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Existing Manager. Outrigger Lodging Services, a Nevada limited partnership, which operates the Hotel as of the Contract Date pursuant to the Existing Management Agreement.
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Existing Manager. As of the date of this Agreement the Manager is Noble Real Estate, LLC.
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Related to Existing Manager

  • Manager 5.1. Rules relating to the rights, duties and responsibilities of the Managers shall be governed by the Act. Such provisions are hereinafter incorporated into this Agreement by reference. Without limiting the generality of the foregoing, the Manager shall have the powers set forth in Paragraph 5.3 below.

  • Management Company The UCITS and its Sub-Funds are managed by the Management Company, in accordance with this Unit Trust Agreement for the account, and in the sole interest, of the Unitholders. In accordance with the applicable laws and regulations and this Unit Trust Agreement, the Management Company is entitled to dispose of the assets of the UCITS / Sub-Funds and to exercise any and all rights thereunder.

  • Property Manager Any entity that has been retained to perform and carry out property rental, leasing, operation and management services at one or more of the Properties, excluding persons, entities or independent contractors retained or hired to perform facility management or other services or tasks at a particular Property.

  • Cornerstone shall use its best efforts to register or qualify such shares under such other securities or "blue sky" laws of such jurisdictions as the LLC reasonably requests and do any and all other acts and things which may be reasonably necessary or advisable to enable the LLC to consummate the disposition in such jurisdictions of the Registered Shares (provided that Cornerstone shall not be required to (i) qualify generally to do business in any jurisdiction in which it would not otherwise be required to qualify but for this Section 6.9, (ii) subject itself to taxation in any such jurisdiction, or (iii) consent to general service of process in any such jurisdiction).

  • Developer Developer shall construct and complete, in a good and workmanlike manner, the Work for the Guaranteed Maximum Price including any adjustment(s) to the Guaranteed Maximum Price pursuant to provisions herein regarding changes to the Guaranteed Maximum Price. Except as otherwise noted, Developer shall provide and pay for all labor, materials, equipment, permits (excluding DSA), fees, licenses, facilities, transportation, taxes, bonds and insurance, and services necessary for the proper execution and completion of the Work, except as indicated herein.