Common use of Financing Services Clause in Contracts

Financing Services. From time to time, if requested by Owner, Asset Manager shall act as Owner's agent in financing or refinancing indebtedness with respect to the Assets. Asset Manager shall: (a) monitor existing financing; (b) negotiate and finalize existing financing renewals as required; (c) monitor and negotiate any equity partner requirements on behalf of Owner; (d) negotiate any required refinancing of Assets; and (e) negotiate any required restructuring/workout of existing financing (debt or equity). Although Asset Manager shall make recommendations to Owner concerning terms and conditions of any financing or refinancing and the lender(s) to provide the same and shall negotiate the terms thereof and shall assist in consummating the transactions, Owner shall have the sole authority to execute the requisite agreements therefor.

Appears in 1 contract

Sources: Asset Management Agreement (Wyndham Hotel Corp)

Financing Services. From time to time, if requested by upon Owner's request and in accordance with Owner's business plan, Asset Service Manager shall act as Owner's agent in financing or refinancing indebtedness with respect to the AssetsEntities. Asset Service Manager shall: (a) monitor existing financing; (b) negotiate and finalize existing financing renewals as required; (c) monitor and negotiate any equity partner requirements on behalf of Owner; (d) negotiate any required refinancing of Assetsrefinancing; and (e) negotiate any required restructuring/workout of existing financing (debt or equity). Although Asset Service Manager shall make recommendations to Owner concerning terms and conditions of any financing or refinancing and the lender(s) to provide the same and shall negotiate the terms thereof and shall assist in consummating the transactions, Owner shall have the sole authority to execute the requisite agreements therefor.shall

Appears in 1 contract

Sources: Service Agreement (Wyndham Hotel Corp)

Financing Services. From time to time, if requested by upon Owner's request and in accordance with Owner's business plan, Asset Service Manager shall act as Owner's agent in financing or refinancing indebtedness with respect to the AssetsEntities. Asset Service Manager shall: (a) monitor existing financing; (b) negotiate and finalize existing financing renewals as required; (c) monitor and negotiate any equity partner requirements on behalf of Owner; (d) negotiate any required refinancing of Assetsrefinancing; and (e) negotiate any required restructuring/workout of existing financing (debt or equity). Although Asset Service Manager shall make recommendations to Owner concerning terms and conditions of any financing or refinancing and the lender(s) to provide the same and shall negotiate the terms thereof and shall assist in consummating the transactions, Owner shall have the sole authority to execute the requisite agreements therefor.

Appears in 1 contract

Sources: Service Agreement (Wyndham Hotel Corp)