Performance by Manager. Landlord understands and acknowledges that (a) Manager is required to provide certain services and perform certain tasks pursuant to the terms of the Management Agreement, and (b) to the extent Manager performs any obligation of the Tenant hereunder, Landlord shall accept such performance by Manager to the same extent as if such obligation had been performed by Tenant; provided, however, that neither Landlord's acceptance of Manager's performance, nor anything else herein shall be deemed or construed to relieve Tenant of any of its obligations hereunder.
Performance by Manager. The Manager shall at all times maintain proper and adequate office and technical facilities and a competent and sufficient staff for the performance of its duties, and shall, on behalf of Petrodrill and at Petrodrill s risk and expense, manage and maintain the Vessel in accordance with good oil industry practice, efficiently and economically, to the best of its professional ability in regard to performance, safety and shipshape appearance, and will arrange, at all times, technical supervision to ensure that the Vessel is kept in a seaworthy condition and with valid certificates. Notwithstanding the foregoing, Petrodrill has, subject only to the provisions of Clause 6, ultimate and complete responsibility for the Vessel and shall indemnify the Manager in accordance with Clause 6.
Performance by Manager. The City will accept performance by Manager of Developer’s obligations under the Sublease as if the same were performed by Developer in accordance with the terms of the Sublease.
Performance by Manager. Subject to paragraph 11 hereof, until the earlier of (a) payment of the Loan in full, or (b) six (6) months after Owner ceases to pay the scheduled payments under the Note (but in no event later than one hundred and twenty (120) days after maturity of the Loan (whether by acceleration or otherwise), Manager agrees to continue to perform all of its obligations under the Management Agreement in accordance with its terms and subject to all rights (including termination rights) of Manager thereunder, notwithstanding that the provisions of this Agreement may prohibit or restrict the payment of any Management Fees or Leasing Commissions thereunder. Subject to the foregoing, no election by Owner or Manager to terminate the Management Agreement shall become effective unless and until Owner has obtained Holder's prior written consent to undertake Manager's property management functions or a replacement manager has been appointed by Owner with Holder's prior written consent, which consent may be withheld in Holder's sole and absolute discretion.
Performance by Manager. The Manager hereby accepts and agrees to perform its obligations hereunder:
Performance by Manager. Hotel Owner may designate that any and all of its rights, remedies, powers and privileges hereunder may be exercised by a management organization for the Hotel. To the extent that Hotel Owner delegates any of its duties, responsibilities or obligations to such manager, Garage Owner will accept performance by manager on behalf of Hotel Owner.
Performance by Manager. Ground Lessor will accept performance by Manager of Owner’s obligations under the Ground Lease as if the same were performed by Owner in accordance with the terms of the Ground Lease.
