Common use of Management Agreement Clause in Contracts

Management Agreement. Lender shall have received a certified copy of the Management Agreement with respect to the Property which shall be satisfactory in form and substance to Lender. Lender acknowledges that it has reviewed the Management Agreement, and as drafted, such Management Agreement does not violate Borrower’s covenant that affiliated agreements be on terms which are intrinsically fair, commercially reasonable and are no less favorable to it than would be obtained in a comparable arm’s length transaction with an unrelated third party.

Management Agreement. Lender shall have received a certified copy of the Management Agreement with respect to the Property which shall be satisfactory in form and substance to Lender. Lender acknowledges that it has reviewed the Management Agreement, and as drafted, such Management Agreement does not violate Borrower’s 's covenant that affiliated agreements be on terms which are intrinsically fair, commercially reasonable and are no less favorable to it than would be obtained in a comparable arm’s 's length transaction with an unrelated third party.

Management Agreement. Lender shall have received a certified copy of the Management Agreement with respect to the Property which shall be satisfactory in form and substance to Lender. Lender acknowledges that it has reviewed the Management Agreement, and as drafted, such Management Agreement does not violate Borrower’s Grantor's covenant that affiliated agreements be on terms which are intrinsically fair, commercially reasonable and are no less favorable to it than would be obtained in a comparable arm’s 's length transaction with an unrelated third party.

Management Agreement. Lender shall have received a certified copy of the Management Agreement with respect to the each Property which shall be satisfactory in form and substance to Lender. Lender acknowledges that it has reviewed the Management Agreement, and as drafted, such Management Agreement does not violate Borrower’s 's covenant that affiliated agreements be on terms which are intrinsically fair, commercially reasonable and are no less favorable to it than would be obtained in a comparable arm’s arm's-length transaction with an unrelated third party.