MANAGER ACCEPTANCE Sample Clauses
The MANAGER ACCEPTANCE clause defines the process by which a manager formally reviews and approves deliverables, work, or services provided under an agreement. Typically, this clause outlines the criteria for acceptance, the timeframe in which the manager must respond, and the steps to be taken if the deliverables do not meet the agreed standards, such as requiring corrections or resubmission. Its core practical function is to ensure that the work meets contractual expectations before final approval, thereby protecting the interests of the party receiving the services and providing a clear mechanism for quality control.
MANAGER ACCEPTANCE. [To be completed by Manager]
MANAGER ACCEPTANCE. Property Manager accepts the appointment and grant by the Property Owner and agrees to:
(a) Use due diligence in the performance of this Agreement.
(b) Furnish the services of the Manager and its organization for the rental, leasing, operating, and management of the property.
MANAGER ACCEPTANCE. The Manager hereby accepts the Company’s appointment and agrees that during the term of this Agreement it shall act exclusively on behalf of the Company with respect to the kinds and classifications of insurance set forth on Exhibit A, and the Manager shall make the appropriate notifications of such appointment, or subsequent termination thereof, to any government entity as may be required. The Manager hereby agrees that, subject to the provisions set forth in the remainder of this paragraph, during the term of this Agreement, it shall not serve as an agent, manager, service provider or managing general agent for any insurer other than the Company with respect to the kinds and classes of insurance set forth in Exhibit A. If, as of the last day of any calendar year during the term of this Agreement (the “Calculation Date”), the Company has not accepted Subject Business produced by the Manager during the immediately preceding twelve (12) months with Total Insurable Value (as measured by Phoenix or equivalent systems) of at least $33 billion (a “Threshold Event”), then the Manager may, in its sole discretion, elect to terminate its exclusive relationship with the Company with respect to the lines and classes of business set forth on Exhibit A and shall, within ninety (90) days of the Calculation Date, deliver written notice to the Company of such election. The Manager’s written election to terminate its exclusive relationship with the Company, shall take effect 180 days after the date of the Manager’s written notice (the “Election Date”). As of such Election Date, the Manager shall continue to act on behalf of the Company under the terms of this Agreement; however, the Manager shall no longer be prohibited from serving as an agent, manager, service provider or managing general agent for, or from otherwise placing business on behalf of, any insurer with respect to the kinds and classes of insurance set forth in Exhibit A. If Manager so elects to have the right to serve as an agent, manager, service provider or managing general agent for, or otherwise place business on behalf of, any other insurer with respect to the kinds and classes of insurance set forth in Exhibit A, then following the Election Date the Company’s appointment shall no longer be exclusive and the Company may authorize, appoint or contract with any other person to act as the Company’s agent, manager, service provider or managing general agent with respect to the kinds and classes of insurance ...
MANAGER ACCEPTANCE. Manager accepts the appointment and grant, and agrees to:
I. Use due diligence in the performance of this Agreement.
II. Furnish the services of its firm for the rental, leasing, operation and management of the Property.