Sub-Management Agreement Sample Clauses

Sub-Management Agreement. The REIT and the Manager expressly acknowledge and agree that, concurrent with this Agreement, the Manager is entering into the Sub-Management Agreement, dated as of even date herewith, by and among the Manager, Xxxxxx Xxxx Blank Check LLC (“Xxxxxx Xxxx”), and Xxxxxxx X. Xxxxxx and Xxxxx X. Xxx (Messrs. Xxxxxx and Ulm, together, the “Manager Shareholders”) (such agreement, the “Sub-Management Agreement”), and nothing to the contrary contained in this Agreement shall limit the ability of the Manager, Xxxxxx Xxxx, or the Manager Shareholders to enter into and perform their respective obligations under such Sub-Management Agreement or otherwise limit the effectiveness of such Sub-Management Agreement. The REIT represents and warrants that the Sub-Management Agreement has been duly authorized and approved by all necessary action of the REIT.
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Sub-Management Agreement. The REIT and the Manager expressly acknowledge and agree that, concurrent with the execution of the Fourth Amended and Restated Management Agreement, the Manager entered into the First Amended and Restated Sub-Management Agreement, by and among the Manager, Xxxxxx Xxxx Blank Check LLC (“Xxxxxx Xxxx”) and the REIT (such agreement, the “Sub-Management Agreement”), and nothing to the contrary contained in this Agreement shall limit the ability of the Manager or Xxxxxx Xxxx to enter into and perform their respective obligations under such Sub-Management Agreement or otherwise limit the effectiveness of such Sub-Management Agreement. The REIT represents and warrants that the Sub-Management Agreement has been duly authorized and approved by all necessary action of the REIT.
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Sub-Management Agreement. Lender shall receive within thirty (30) days after the date hereof a copy of the Sub-Management Agreement, which shall be satisfactory in form and substance to Lender. The fee payable to the Sub-Manager aggregated with the fee paid to Manager pursuant to the Management Agreement shall not exceed three and one half percent (3.5%) of Gross Income from Operations per annum (excluding any Rents payable under the Vacant Space Master Lease). The Sub-Management Agreement shall also provide that all of the Sub-Manager’s rights under the Sub-Management Agreement are subordinate to the Lien of the Mortgage and the rights of Lender.
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Sub-Management Agreement. The Manager and Sponsors agree that on the date of this Agreement, the Company, the Manager, Xxxxxxx X. Xxxxxx, Xxxxx X. Xxx and SBBC shall enter into the sub-management agreement (the “Sub-Management Agreement ”) attached hereto as Exhibit C .
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Sub-Management Agreement. Pine River, the Manager and Sponsor agree that on the date of this Agreement, Pine River, the Manager and CLA Founders LLC shall enter into the sub-management agreement (the “Sub-Management Agreement”) attached hereto as Exhibit C.
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Sub-Management Agreement the Property Management Subcontract, between HPT and CBRE, pursuant to which CBRE is to sub-manage the Property, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time in accordance with Section 5.12.
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Sub-Management Agreement. At the Initial Closing, two (2) originals of an executed Sub-Management Agreement.
Sample 1
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Sub-Management Agreement the Subcontract for Management Services, between HPT and Xxxxxxx Xxxx, pursuant to which Xxxxxxx Xxxx is to sub-manage the Property, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time in accordance with Section 5.12.
Sample 1
Sub-Management Agreement. Subject to Access’s fiduciary duty to the Fund and its shareholders. Access will recommend to the Board of Directors of the Fund that MLIM be retained as Sub-Manager to the Fund pursuant to the Sub-Management Agreement, and that MLIM be entitled to a Sub-Management Fee (as defined in the Sub-Management Agreement) in an amount equal to 0.25% of the Fund’s average gross monthly assets, less liabilities other than indebtedness for borrowed money (or, if greater, 50% of the compensation payable to Access under the Management Agreement), subject to the phase-in fee arrangements referred to in the Sub-Management Agreement.
Sample 1

Related to Sub-Management Agreement

  • INVESTMENT MANAGEMENT AGREEMENT Separate written agreements entered into (i) by the Manager and the Master Fund and (ii) by the Manager and the Company, pursuant to which the Manager provides investment management services to the Master Fund.

  • The Management Agreement Borrower shall use commercially reasonable efforts to cause Manager to manage the Property in accordance with the Management Agreement. Borrower shall (a) diligently perform and observe all of the material terms, covenants and conditions of the Management Agreement on the part of Borrower to be performed and observed, (b) promptly notify Agent of any notice to Borrower or Manager of any default by Borrower in the performance or observance of any material terms, covenants or conditions of the Management Agreement on the part of Borrower to be performed and observed, and (c) promptly deliver to Agent a copy of all material notices received by it (including, without limitation, any notices relating to the Ground Lease, the Reciprocal Easement and any Joint Manager (as defined in the Reciprocal Easement Agreement) and, upon request by Agent, any other financial statement, business plan, capital expenditures plan, report and estimate received by it under the Management Agreement (but excluding any immaterial general correspondence and internal discussion drafts of any such plans, reports or estimates); and (iv) promptly enforce the performance and observance of all of the material covenants required to be performed and observed by Manager under the Management Agreement. If Borrower shall default in the performance or observance of any material term, covenant or condition of the Management Agreement on the part of Borrower to be performed or observed, then, without limiting Agent’s other rights or remedies under this Agreement or the other Loan Documents, and without waiving or releasing Borrower from any of its obligations hereunder or under the Management Agreement, Agent shall have the right, but shall be under no obligation, to pay any sums and to perform any act as may be appropriate to cause all the material terms, covenants and conditions of the Management Agreement on the part of Borrower to be performed or observed.

  • 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.

  • 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.

  • Assignment of Management Agreement As additional collateral security for the Loan, Borrower conditionally transfers, sets over, and assigns to Lender all of Borrower’s right, title and interest in and to the Management Agreement and all extensions and renewals. This transfer and assignment will automatically become a present, unconditional assignment, at Lender’s option, upon a default by Borrower under the Note, the Loan Agreement, the Security Instrument or any of the other Loan Documents (each, an “Event of Default”), and the failure of Borrower to cure such Event of Default within any applicable grace period.

  • Arrangement Agreement This Plan of Arrangement is made pursuant to the Arrangement Agreement.

  • Master Services Agreement This Agreement is a master agreement governing the relationship between the Parties solely with regard to State Street’s provision of Services to each BTC Recipient under the applicable Service Modules.

  • Services Agreement The Company has entered into the Services Agreement with the Sponsor pursuant to which the Sponsor will make available to the Company general and administrative services including office space, utilities and secretarial support for the Company’s use for $10,000 per month, subject to adjustment as provided for in the Services Agreement. Prior to the consummation of a Business Combination, the Company shall not enter into any other arrangement for the provision of such services with any Insider that will require the Company to pay in excess of $10,000 per month for such services.

  • 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.

  • Fifth Amended and Restated Limited Liability Company Operating Agreement Dated as of November 30, 2012

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