Management of the Premises Sample Clauses

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 Credit Facility Mortgage, to take any action permitted under the applicable provisions of the Credit Agreement. ARTICLE FOUR
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. 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 Subparagraph 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 Paragraph 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 Premises shall be managed by Specialty Hospital or its Affiliates pursuant to a separate management and leasing agreement to be entered into between Landlord and Specialty Hospital. In the event that Specialty Hospital or its Affiliates shall cease to be the property manager of the Premises, any replacement property manager shall have the management experience with medical facilities (not less than five (5) years) and capability necessary to manage a medical facility of comparable size as the Building and in accordance with the standards and customary practices within the region.
Management of the Premises. The Premises shall be managed by Tenant or its Affiliates pursuant to a separate management and leasing agreement to be entered into between Landlord and Tenant whereby Landlord will delegate the management and leasing duties to Tenant.
Management of the Premises. Tenant shall be responsible for the ongoing management of the Premises. Tenant recognizes that Landlord is relying on the principals of Tenant to manage and maintain the Premises in a first-class manner. Tenant may utilize third parties to manage the day-to-day operations of the Premises, provided the management is performed up to adequate standards for similar properties and Landlord shall be advised of any changes in managers.
Management of the Premises. Landlord and Tenant agree that Tenant will retain management of the Premises at Tenant’s expense until the earlier of (i) 50% third party tenant occupancy, or (ii) the commencement of the second 12-month term of this Lease; provided, however, such management will be commercially reasonable and Landlord may process and pass through to Tenant any direct billing such as Utilities other than electrical.
Management of the Premises. Mortgagor acknowledges that the successful management of the Premises is of critical importance to Mortgagee and a primary inducement in the making of the loan evidenced by the Note and secured by this Mortgage. In the event management becomes unsatisfactory, Mortgagee shall notify Mortgagor of the same and Mortgagor 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 Mortgagor is acceptable to Mortgagor at this time.
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.