SUN COMMUNITIES OPERATING Clause Samples

The "Sun Communities Operating" clause defines the operational framework and responsibilities of Sun Communities within an agreement. It typically outlines how Sun Communities will manage, maintain, and operate the relevant properties or assets, specifying standards of care, compliance with laws, and reporting obligations. This clause ensures that all parties understand the expectations for day-to-day operations, thereby promoting accountability and minimizing disputes over management practices.
SUN COMMUNITIES OPERATING. LIMITED PARTNERSHIP, a limited partnership organized and existing under the laws of the State of Michigan (hereinafter called the "Company", which term includes any successor under the Indenture hereinafter referred to), for value received, hereby promises to pay to , or registered assigns, upon presentation, the principal sum of $ on the Stated Maturity Date specified above (or any Redemption Date or Repayment Date, each as defined on the reverse hereof or upon any declaration of acceleration; each such Stated Maturity Date, Redemption Date, Repayment Date or declaration of acceleration being hereinafter referred to as the "Maturity Date" with respect to the principal repayable on such date), and to pay interest thereon, at the Interest Rate per annum specified above, until the entire principal hereof is paid or made available for payment. The Company will pay interest in arrears on each Interest Payment Date, if any, specified above (each, an "Interest Payment Date"), commencing with the first Interest Payment Date next succeeding the Original Issue Date specified above, and on the Maturity Date; PROVIDED, HOWEVER, that if the Original Issue Date occurs between a Record Date (as defined below) and the next succeeding Interest Payment Date, interest payments will commence on the second Interest Payment Date next succeeding the Original Issue Date to the Holder of this Note on the Record Date with respect to such second Interest Payment Date. Interest on this Note will be computed on the basis of a 360-day year of twelve 30-day months. Any capitalized term not defined herein shall have the meaning assigned to it in that certain Indenture by and among the Company, Sun Communities, Inc., a Maryland corporation ("Sun"), and Bankers Trust Company, a New York banking corporation, dated as of April 24, 1996, and amended pursuant to a First Supplemental Indenture dated as of August 20, 1997. Interest on this Note will accrue from, and including, the immediately preceding Interest Payment Date to which interest has been paid or duly provided for (or from, and including, the Original Issue Date if no interest has been paid or duly provided for) to, but excluding, the applicable Interest Payment Date or the Maturity Date, as the case may be (each, an "Interest Period"). The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, subject to certain exceptions described herein, be paid to the Person in whose name this Note (or...
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SUN COMMUNITIES OPERATING. LIMITED PARTNERSHIP, a Michigan limited partnership By: Sun Communities, Inc., a Maryland corporation, its general partner By: /s/ K▇▇▇▇ ▇. ▇▇▇▇▇▇▇ K▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Its: Executive Vice President SUN COMMUNITIES, INC., a Maryland corporation By: /s/ K▇▇▇▇ ▇. ▇▇▇▇▇▇▇ K▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Executive Vice President SUN TEXAS QRS, INC., a Michigan corporation By: /s/ K▇▇▇▇ ▇. ▇▇▇▇▇▇▇ K▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Its: Executive Vice President SUN HOME SERVICES, INC., a Michigan corporation By: /s/ K▇▇▇▇ ▇. ▇▇▇▇▇▇▇ K▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Its: Executive Vice President SUN COMMUNITIES FUNDING GP L.L.C., a Michigan limited liability company By: SCF Manager Inc., a Michigan corporation, its manager By: /s/ K▇▇▇▇ ▇. ▇▇▇▇▇▇▇ K▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Its: Executive Vice President SUNCHAMP HOLDINGS LLC, a Michigan limited liability company By: Sun Communities Operating Limited Partnership, a Michigan limited partnership, its manager By: Sun Communities, Inc., a Maryland corporation, its general parner By: /s/ K▇▇▇▇ ▇. ▇▇▇▇▇▇▇ K▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Its: Executive Vice President SUN COMMUNITIES TEXAS LIMITED PARTNERSHIP, a Michigan limited partnership By: Sun Texas QRS, Inc., a Michigan corporation, its general partner By: /s/ K▇▇▇▇ ▇. ▇▇▇▇▇▇▇ K▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Its: Executive Vice President SIGNATURE PAGE TO CREDIT AGREEMENT SUN SADDLE BROOK LIMITED PARTNERSHIP, a Michigan limited partnership By: Sun Texas QRS, Inc., a Michigan corporation, its general partner By: /s/ K▇▇▇▇ ▇. ▇▇▇▇▇▇▇ K▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Its: Executive Vice President SUN OAKCREST LIMITED PARTNERSHIP, a Michigan limited partnership By: Sun Texas QRS, Inc., a Michigan corporation, its general partner By: /s/ K▇▇▇▇ ▇. ▇▇▇▇▇▇▇ K▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Its: Executive Vice President RIVER HAVEN OPERATING COMPANY LLC, a Michigan limited liability company By: Sun Communities Operating Limited Partnership, a Michigan limited partnership, its manager By: Sun Communities, Inc., a Maryland corporation, its general partner By: /s/ K▇▇▇▇ ▇. ▇▇▇▇▇▇▇ K▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Its: Executive Vice President SIGNATURE PAGE TO CREDIT AGREEMENT SUN COMMUNITIES FUNDING II LLC, a Michigan limited liability company By: Sun Communities Operating Limited Partnership, a Michigan limited partnership, its manager By: Sun Communities, Inc., a Maryland corporation, its general partner By: /s/ K▇▇▇▇ ▇. ▇▇▇▇▇▇▇ K▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Its: Executive Vice President SUN COMMUNITIES FUNDING LIMITED PARTNERSHIP, a Michigan limited partnership By: Sun Communities Funding GP L.L.C., a Michigan limited liabi...
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Related to SUN COMMUNITIES OPERATING

  • Financial Resources The Adviser has the financial resources available to it necessary for the performance of its services and obligations contemplated in the Pricing Disclosure Package, the Prospectus, and under this Agreement, the Investment Management Agreement and the Administration Agreement.

  • Management; Community Policies Owner may retain employees and management agents from time to time to manage the Property, and Owner’s agent may retain other employees or contractors. Resident, on behalf of himself or herself and his or her Guests, agrees to comply fully with all directions from Owner and its employees and agents, and the rules and regulations (including all amendments and additions thereto, except those that substantially modify the Resident’s bargain and to which Resident timely objects) as contained in this Agreement and the Community Policies of the Property. The Community Policies are available at ▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇/policies.pdf or on request from the management office and are considered part of this Agreement.

  • General Management In the discharge of its general duty to manage the successful performance of the Services, Vendor shall: 3.2.1.1. within thirty (30) calendar days of the Effective Date, identify to Citizens the primary and secondary management contacts responsible for the oversight and management of Services for Citizens; 3.2.1.2. ensure Vendor Staff tasked with management and oversight of the Services are available promptly to perform Services during Business Hours; 3.2.1.3. ensure each assigned Adjuster submits a time record directly to Vendor’s manager or point of contact. At any time during this Agreement, Citizens may require copies of time records from Vendor; 3.2.1.4. ensure that no Vendor Staff carries a weapon on their person while performing Services; 3.2.1.5. ensure that no Vendor Staff uses impairing drugs, chemicals, or alcohol while performing Services; 3.2.1.6. ensure that Vendor Staff avoid using their duties and obligations under this Agreement to engage in any conduct that could create either an actual or perceived conflict of interest, such as due to an ongoing business relationship with an entity other than Citizens that would enable Vendor Staff to receive an improper benefit or unfair competitive advantage; 3.2.1.7. ensure that the Services comply with the Best Claims Practices & Estimating Guidelines as applicable to each Service Category and any other policies or processes set forth by Citizens, including but not limited to: a. monitoring applicable file production on a weekly basis to determine compliance with Citizens’ production requirements; and, b. providing detailed reports to Citizens related to Vendor performance upon request.

  • PROJECT FINANCIAL RESOURCES i) Local In-kind Contributions $0 ii) Local Public Revenues $200,000 iii) Local Private Revenues iv) Other Public Revenues: $0 - ODOT/FHWA $0 - OEPA $0 - OWDA $0 - CDBG $0 - Other $0 v) OPWC Funds: - Loan Assistance $0

  • Formation of the Company The Company was formed as a limited liability company under the Act on April 24, 2008. The Member hereby agrees that the person executing and filing the Certificate of Formation of the Company was and is an “authorized person” within the meaning of the Act, and that the Certificate of Formation filed by such authorized person is the Certificate of Formation of the Company.