Management of Project. Manager shall manage, operate and maintain the Project in accordance with the general standards applicable to other first-class office buildings in the area and in accordance with Loan Compliance Requirements. Without limiting the generality of the foregoing, Manager's functions hereunder shall include the following:
Management of Project. The Borrower will at all times cause the Project to be managed and operated by the Agent, Manager or another independent property manager and it will give written notice to the Significant Bondholder and each Owner requesting the same at the address supplied to the Trustee by such Owner or its authorized representative and the Servicer prior to changing the Agent or Manager and prior to making any material changes or modifications to the Property Management Agreement. The Borrower shall obtain the written approval of the Significant Bondholder, if any, and the Servicer prior to the employment of a new Agent or Manager which approval shall not be unreasonably withheld, conditioned or delayed. The Significant Bondholder and the Servicer shall have the right to remove the Agent or cause removal of the Manager in the event an uncured event of default by the Agent or Manager has occurred under the Property Management Agreement and the Borrower has failed to remove the defaulting Agent, or cause to be removed the defaulting Manager, as applicable, in a reasonable time after the occurrence of the uncured event of default. The Issuer does not employ and is not responsible for any actions or non-actions of the Agent or Manager.
Management of Project. The Recipient (or its nominee, if appropriate) will be responsible for: the management of the Project; any funds required for the Completion of the Project in addition to the Funding Amount; and any and all liabilities and obligations associated with the Project, including its obligations under this Agreement. The Recipient acknowledges and agrees that the Department has no obligations in relation to the Project other than to pay the Funding Amount in accordance with clause 5 and that the funding or any other support given to the Recipient by the Department under this Agreement will not affect any obligation the Recipient has in relation to the Tenement, or Title whether pursuant to the relevant Law or otherwise. If the Recipient determines that modifications are required to the Project, the Funding Amount will remain payable if: the objectives of the Proposal are not altered; and the proposed modifications are approved in writing by the Department.
Management of Project. The Recipient acknowledges and agrees that it undertakes the Project entirely at its own risk. The Recipient will be responsible for: the management of the Project; any funds required for the Completion of the Project in addition to the Funding Amount; and any and all liabilities and obligations associated with the Project, including its obligations under this Agreement. The Recipient acknowledges and agrees that the Department has no obligations in relation to the Project other than to pay the Funding Amount in accordance with clause 5 and that the funding or any other support given to the Recipient by the Department under this Agreement will not affect any obligation the Recipient has in relation to the applicable Titles, whether pursuant to applicable Laws or otherwise. If the Recipient determines that modifications are required to the Proposal, the Funding Amount will remain payable if: the objectives of the Proposal are not altered; and the proposed modifications are approved in writing by the Department. The approved modifications contemplated by clause 3.1(d)(ii) will form part of the Proposal under this Agreement effective from the date of approval.
Management of Project. (a) The Recipient (or its nominee, if appropriate) will be responsible for:
Management of Project. 9.1 The Employer shall:
Management of Project. Subject to the terms and conditions contained herein below, Borrower shall at all times during the operation of the Project pursuant to this Agreement retain an entity to perform the management and/or supervisory functions ("Manager") with respect to the operation of the Project including day-to-day administration, maintenance and repair. Borrower shall, before execution or any subsequent amendment or replacement thereof, submit and obtain Commission's written approval of a management contract ("Management Contract") entered into between Borrower and an entity ("Management Entity") acceptable to Commission. Subject to any regulatory or licensing requirements of any other applicable governmental agency, the Management Contract may be for a term of up to fifteen (15) years and may be renewed for successive terms in accordance with its terms, but may not be amended or modified without the written consent of Commission. The Management Contract shall also provide that the Management Entity shall be subject to termination for failure to meet project maintenance and operational standards set forth herein or in other agreements between Borrower and Commission. Borrower shall promptly terminate any Management Entity which commits or allows such failure, unless the failure is cured within a reasonable period in no event exceeding 60 days from Management Entity’s receipt of notice of the failure from Borrower or Commission. Borrower's obligation to retain a Management Entity shall remain in force and effect for the same duration as the use covenants set forth in Section 10.1.
Management of Project. The Employer retains full and exclusive authority for the management of his operations. Among the items to be observed as guidelines for the operation of work conduct on the job, the following shall apply:
Management of Project. New Borrower has not retained the services of a property manager for all or any portion of the Project. New Borrower covenants and agrees to comply with all terms and conditions of the Loan Documents concerning the management of the Project, including without limitation the obligation to obtain Lender's consent to any change in the management of the Project.
Management of Project. With respect to the Management Agreement executed by each Borrower, each Borrower hereby covenants and agrees as follows:
