Management of the Premises. Manager shall manage, operate and maintain the Premises in a manner normally associated with the management and operation of a high quality office building. Manager shall at all times deal with third parties (whether or not affiliated with Manager) at arms' length and in Owner's interest at all times. Manager shall act in a fiduciary capacity with respect to the proper protection of and accounting for Owner's assets.
Management of the Premises. Without limiting the generality of any other provision of this Article Three, following an Event of Default and the taking of possession of the Trust Estate or any part thereof by Mortgagee and/or the appointment of a receiver of the Trust Estate or any part thereof, Mortgagee or any such receiver shall be authorized, in addition to the rights and powers of Mortgagee and such receiver set forth elsewhere in this Mortgage, to take any action permitted under Article Seven of the Trust Indenture. ARTICLE FOUR
Management of the Premises. Tenant shall act as property manager for the Premises throughout the Term, at Tenant’s cost and expense; provided, however, that Landlord may elect, by delivery of written notice to Tenant, to assume management of the Premises if (i) Tenant does not cure any breach of its obligations under Paragraph 9 [Repair and Maintenance], as provided in Subparagraph 9(e) [Cure Rights], or if Tenant is in “Chronic Default” (as defined in Subparagraph 21(f) [Chronic Default] of its obligations under Paragraph 9 [Repair and Maintenance]; or (ii) at any time during the Term Tenant directly occupies less than sixty percent (60%) of the Rentable Area of the Premises (provided, however; that if Tenant subsequently occupies sixty percent (60%) or more of the Rentable Area of the Premises, Tenant may elect by delivery of written notice to Landlord, to resume management of the Premises on a date designated by Tenant but no earlier than forty-five (45) days after Landlord’s receipt of such notice). If Landlord assumes the management of the Premises, Landlord agrees that it will assume Tenant’s maintenance, repair and replacement obligations contained in Subparagraphs 9(b), (c) and (d) [Repair and Maintenance], and that all costs incurred by Landlord in connection therewith shall be deemed Additional Charges payable by Tenant in accordance with Subparagraph 4(c) [Additional Charges for Expenses and Taxes], subject to the limitations contained in Subparagraph 4(c). In addition, Landlord’s monthly management fee shall be increased from one quarter of one percent (.25%), to two percent (2%) of Base Rent and Additional Charges, and Subparagraphs 4(c)(1)(C)(vi) and (ee) shall be revised accordingly.
Management of the Premises. 4.1 The Organisation agrees and undertakes with the Council that after completion of the Works, it shall for the remainder of the Agreement Period:-
Management of the Premises. The Operator will manage and operate the Premises in a proper, efficient and timely manner as would a prudent owner/Operator of similar property and will:
Management of the Premises. Without limiting the generality of any other provision of this Article Three, following an Event of Default and the taking of possession of the Trust Estate or any part thereof by Mortgagee and/or the appointment of a receiver of the Trust Estate or any part thereof, Mortgagee or any such receiver shall be authorized, in addition to the rights and powers of Mortgagee and such receiver set forth elsewhere in this Senior Guarantee Mortgage, to take any action permitted under Section 5.17 of the Senior Note Indenture. ARTICLE FOUR CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE
Management of the Premises. Except as otherwise provided in this section, the City will be solely responsible for maintaining the Premises, including managing the locker room and checking guests into and out of the Premises. The Contractor’s lifeguards will test the chlorine levels of the Premises’ pool upon opening and closing the pool each day, and at 12 pm on any day where the pool is open at such time. If any lifeguard determines, in his or her sole discretion, that the pool’s chlorine levels are at an unsafe level, such lifeguard shall immediately report the issue to the City by contacting one of the following: the Pool Operations Supervisor at ; the Recreational Programs Manager at ; or the Community Services Director at 802-373-0050.1 The lifeguard may close the pool until the issue has been resolved to his or her satisfaction. Additionally, the Contractor’s lifeguards may close and reopen the pool at any time due to weather conditions, in accordance with the inclement weather policy.
Management of the Premises. The management and maintenance of the building on the Premises and the Public Areas shall be performed by the Landlord and/or agents on its behalf (including the management corporation) and at its liability, subject to the payment of the rental amounts by the Tenant and subject to the payments stipulated in Exhibit C.
Management of the Premises. Grantor acknowledges that the successful management of the Premises is of critical importance to Beneficiary and a primary inducement in the making of the Loan. In the event management becomes unsatisfactory, Beneficiary shall notify Grantor of the same and Grantor shall, within thirty (30) days of such notice, correct any management deficiencies. Failure to so correct shall constitute an Event of Default hereunder. Present management of the Premises by Guarantor is acceptable to Beneficiary at the time of execution of this Deed of Trust.
Management of the Premises. Mortgagor agrees that, so long as this Mortgage is in effect, the Premises shall be managed by Mortgagor unless the Mortgagee has given its prior written approval to the retention of a professional management company (the "Managing Agent"). If retained, the Managing Agent shall govern and manage the Premises pursuant to a management contract ("Management Agreement"), which must be approved by Mortgagee, and Mortgagor shall collaterally assign its rights under the Management Contract to Mortgagee. Additionally, the Managing Agent shall enter into the Mortgagee's then-current "Consent to Collateral Assignment of Management Agreement" which shall provide, inter alia that: (i) the Management Contract may not be modified or terminated so long as this Mortgage is in effect without the prior written consent of the Mortgagee, which may be granted or withheld in the sole discretion of Mortgagee; (ii) subject to the last sentence hereof, all amounts due and payable to the Managing Agent under the Management Agreement shall be subordinate to the Indebtedness; and (iii) in the event of a default by the Mortgagor under the Management Agreement, the Managing Agent shall provide the Mortgagee with prompt written notice of such default, and the Mortgagee shall have the right, but not the obligation, to cure such default within a reasonable period of time. Prior to an Event of Default hereunder, any compensation for management or operation of the Collateral in excess of four percent (4%) of annual gross revenues shall be subordinated to payment of the Loan, although upon the occurrence of an Event of Default, all such compensation shall be subordinated to all payments of the Loan.
