Performance Under Management Agreement Sample Clauses

Performance Under Management Agreement. To faithfully abide by, -------------------------------------- perform and discharge in all material respects each and every obligation, covenant and agreement of Assignor under the Management Agreement by Assignor to be performed; to give prompt, written notice to Assignee of any notice of default on the part of Assignor with respect to the Management Agreement received from Operator, together with an accurate and complete copy of any such notice; at the sole cost and expense of Assignor, to enforce, short of termination of the Management Agreement, or otherwise secure the performance of, each and every material obligation, covenant, condition and agreement of Management Agreement by the Operator to be performed; not to modify or in any way alter the terms of the Management Agreement without Assignee's prior written consent (said consent not to be unreasonably withheld or delayed); not to terminate the term of the Management Agreement and not to accept a surrender thereof unless required to do so by the terms of the Management Agreement; and not to waive, excuse, condone or in any manner release or discharge Operator thereunder of or from the material obligations, covenants, conditions and agreement by Operator to be performed under the Management Agreement.
Sample 1
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Performance Under Management Agreement. Manager shall at all times perform its obligations, and exercise its rights, under the Management Agreement, in a manner consistent with, and so as to cause Branding Subsidiary and each SI Party to be in compliance with, this Agreement and the other Loan Documents. Lender shall be deemed a third party beneficiary as to all rights and obligations of the Branding Subsidiary and each SI Party under the Management Agreement.
Sample 1

Related to Performance Under Management Agreement

  • Termination of Management Agreement Evidence of the termination of any and all management agreements affecting the Property, effective as of the Closing Date, and duly executed by Seller and the property manager.

  • Management Agreement The Management Agreement is in full force and effect and there is no default thereunder by any party thereto and no event has occurred that, with the passage of time and/or the giving of notice would constitute a default thereunder.

  • MANAGEMENT AGREEMENT AND FRANCHISE AGREEMENT At or prior to the Closing, Seller shall terminate the Existing Management Agreement and the Existing Franchise Agreement, and Seller shall be solely responsible for all claims and liabilities arising thereunder on, prior to or following the Closing Date. As a condition to Closing, Buyer shall enter into the New Management Agreement and the New Franchise Agreement, effective as of the Closing Date, containing terms and conditions acceptable to Buyer (including, without limitation, such terms and conditions as may be required to accommodate Buyer’s and/or Buyer’s Affiliates’ REIT structure). Seller shall be responsible for paying all costs related to the termination of the Existing Management Agreement. Buyer shall be responsible for paying all reasonable and actual costs of the Franchisor related to the assignment or termination, as applicable, of the Existing Franchise Agreement. Seller shall use best efforts to promptly provide all information required by the Franchisor in connection with the New Franchise Agreement, and Seller and Buyer shall diligently pursue obtaining the same. As a condition to Buyer’s and Seller’s obligation to close under this Contract, Buyer and Manager shall agree, on or before the expiration of the Review Period, on the form and substance of the New Management Agreement.

  • Property Management Agreement The Property Management Agreement is in full force and effect and, to Borrower's Knowledge, there are no defaults thereunder by any party thereto and no event has occurred that, with the passage of time and/or the giving of notice would constitute a default thereunder.

  • Reimbursement Agreement The Sponsor entered into an Expense Reimbursement Agreement (“Reimbursement Agreement”) substantially in the form annexed as an exhibit to the Registration Statement pursuant to which the Sponsor has committed to fund the Company up to $1,750,000 for the Company’s expenses relating to investigating and selecting a target business and other working capital requirements prior to an initial Business Combination.

  • Agreement Overview This SLA operates in conjunction with, and does not supersede or replace any part of, the Agreement. It outlines the information technology service levels that we will provide to you to ensure the availability of the application services that you have requested us to provide. All other support services are documented in the Support Call Process.

  • Amendments to Employment Agreement The Employment Agreement is hereby amended as follows:

  • Parties to Lock-Up Agreements The Company has furnished to the Underwriters a letter agreement in the form attached hereto as Exhibit A (the “Lock-up Agreement”) from each of the persons listed on Exhibit B. Such Exhibit B lists under an appropriate caption the directors and executive officers of the Company. If any additional persons shall become directors or executive officers of the Company prior to the end of the Company Lock-up Period (as defined below), the Company shall cause each such person, prior to or contemporaneously with their appointment or election as a director or executive officer of the Company, to execute and deliver to the Representatives a Lock-up Agreement.

  • AGREEMENT MANAGEMENT A. Contractor may change Project Manager but the Energy Commission reserves the right to approve any substitution of the Project Manager.

  • of the Employment Agreement Section 4.4.3 of the Employment Agreement is hereby amended and restated in its entirety to read as follows:

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