Managed Property Sample Clauses
The Managed Property clause defines which property or properties are subject to management under the terms of the agreement. It typically specifies the address, legal description, or other identifying details of the real estate asset that the manager will oversee. By clearly identifying the managed property, this clause ensures there is no ambiguity about the scope of the manager’s responsibilities and helps prevent disputes over which assets are covered by the agreement.
Managed Property. The Owner establishes this Investment Management Agreement (the “Agreement”) by transferring to the Foundation the property described on the attached Inventory of Property. The Owner may transfer to this account additional property acceptable to the Foundation. The property held from time to time in this account (the “Managed Property”) shall be administered as provided in this Agreement.
Managed Property. Owner grants Broker the Exclusive Right to lease, operate, and manage the Property described above upon the terms set forth herein continuing until the term of this Agreement expires, this Agreement is canceled or terminated pursuant to paragraph 2 of Section A above, or upon the sale of the Property or other transfer of title. Owner and Broker agree to the terms set forth in this Agreement.
Managed Property. Managed Property" shall have the meaning assigned that term in Section 3.19(c).
Managed Property. Notwithstanding anything to the contrary contained in this Agreement, (A) Buyer acknowledges that Seller’s control over the covenants contained in this Agreement (other than the covenant contained in Section 3.4(g)) may be limited by the terms of the Management Agreement and are subject to the Manager’s rights to take actions without the consent or approval of Seller and (B) to the extent any action is taken by Manager and a Seller’s approval is not required under the Management Agreement, in no event shall any such action or inaction be a breach or a default of this Section 3.4 and Buyer’s consent shall in no event be required for such action or inaction. Notwithstanding the foregoing, (i) Seller shall request Manager not to take any action that Seller would not otherwise be permitted to take under this Section 3.4 in the absence of this paragraph, (ii) Seller shall not approve any request or action by Manager for which B▇▇▇▇’s approval is required hereunder or which otherwise Seller is not permitted to take hereunder and (iii) Seller shall keep Buyer promptly and reasonably apprised of any action taken by Manager which Seller is not permitted to take under this Section 3.4. For the avoidance of doubt, Manager’s failure to comply with such instruction shall not constitute a default by Seller or entitle Buyer to terminate this Agreement or delay Closing.