The Property Manager Sample Clauses

The Property Manager. LESSOR shall appoint a Property Manager which shall manage, administer and maintain the Building and the Common Areas. LESSOR shall delegate to such Property Manager the power to adopt rules and regulations as the latter may deem necessary for the management, maintenance or operation of the Building and the Common Areas and to implement said rules and regulations. Provided that, the amounts to be spent for the maintenance, operation and management of the Common Areas shall be subject to the approval of LESSOR and LESSEE. In consideration of this lease, LESSEE agrees to pay, within the stipulated periods, all Common Area Charges, interests, penalties and other amounts in respect of the Leased Premises that may be levied or imposed by the Property Manager on the lessees of units in the Building. LESSEE further agrees to abide by and comply with all existing rules and regulations as well as those that may be promulgated from time to time by the Property Manager; and also comply with all requirements, regulations, ordin4rtees and laws prescribed by the government or other competent authorities regarding the use, occupancy, maintenance and sanitation of the Leased Premises, the Common Areas and/or Building. The Property Manager shall competently and efficiently perform all its obligations pertaining to the management, administration and maintenance of the Building and Common Areas. In case of breach of said obligations, the Property Manager shall have thirty (30) calendar days from LESSEE's notice of said breach within which to rectify said breach to the satisfaction of the LESSOR and LESSEE. Should the breach continue to exist despite the lapse of said period, LESSEE shall have the right to require LESSOR to replace the Property Manager and not later than ten (10) days from receipt of LESSEE's written notice requiring such replacement, LESSOR shall cause the replacement of the Property Manager in breach, without prejudice to other remedies available to the LESSOR under the pertinent management contract or to the LESSEE under law or equity.
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The Property Manager. The Property Manager represents and warrants to each Investor and the Administrative Agent as of the date hereof that no Servicer Replacement Event has occurred and is continuing and that its representations, warranties and covenants in the Transaction Documents to which it is a party are true, correct and complete subject to any materiality qualifier set forth therein as of the date on which such representations and warranties are made. SECTION 6.04
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The Property Manager s appointment and therefore this Agreement is effective from the date of this Agreement.
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The Property Manager 
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Related to The Property Manager

  • Property Manager Any entity that has been retained to perform and carry out property rental, leasing, operation and management services at one or more of the Properties, excluding persons, entities or independent contractors retained or hired to perform facility management or other services or tasks at a particular Property.

  • Property Management Borrower will provide for professional management of the Mortgaged Property by the Property Manager at all times under a property management agreement approved by Lender in writing. Borrower will not surrender, terminate, cancel, modify, renew or extend its property management agreement, or enter into any other agreement relating to the management or operation of the Mortgaged Property with Property Manager or any other Person, or consent to the assignment by the Property Manager of its interest under such property management agreement, in each case without the consent of Lender, which consent will not be unreasonably withheld.

  • Property Management Fee For its services in managing the day-to-day operations of the Property in accordance with the terms of this Agreement, Company shall pay to Property Manager an annual property management fee (the “Property Management Fee”) equal to 4.0% of the Gross Revenue (as hereinafter defined). The Property Management Fee shall be prorated for any partial year and shall be payable in equal monthly installments, in advance. The Property Management Fee shall be payable on the first day of each month from the Operating Account or from other funds timely provided by the Company. Upon the expiration or earlier termination of this Agreement, the parties will prorate the Property Management Fee on a daily basis to the effective date of such expiration or termination. For purposes of this Agreement, the term “Gross Revenue” shall mean all gross collections from the operations of the Property, including, without limitation, rental receipts, late fees, application fees, pet fees, damages, lease buy-out payments, reimbursements by Tenants for common area expenses, operating expenses and taxes and similar pass-through obligations paid by Tenants, but shall expressly exclude (i) security deposits received from Tenants and interest accrued thereon for the benefit of the Tenants until such deposits or interest are included in the taxable income of the Company; (ii) advance rents (but not lease buy-out payments) until the month in which payments are to apply as rental income; (iii) reimbursements by Tenants for work done for a particular Tenant; (iv) proceeds from the sale or other disposition of all or any portion of the Property; (v) insurance proceeds received by the Company as a result of any insured loss (except proceeds from rent insurance or the excess of insurance proceeds for repairs over the actual costs of such repairs); (vi) condemnation proceeds not attributable to rent; (vii) capital contributions made by the Company; (viii) proceeds from capital, financing and any other transactions not in the ordinary course of the operation of the Property; (ix) income derived from interest on investments or otherwise; (x) abatement of taxes, awards arising out of takings by eminent domain and discounts and dividends on insurance policies; and (xi) rental concessions not paid by third parties.

  • 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.

  • The Property The Landlord agrees to lease the described property below to the Tenant: (enter the property information)

  • Operator The Optionee shall be the operator for purposes of developing and executing exploration programs.

  • The Properties 3.1 All of the Properties are in England, Wales or Scotland.

  • Access to Property, Property’s Management, Property Lender, and Property Tenants Potential Investor agrees to not seek to gain access to any non-public areas of the Property or communicate with Property’s management employees, the holder of any financing encumbering the Property, the Property’s tenants, and the Owner’s partners in the ownership of the Property, without the prior consent of Owner or HFF, which consent may be withheld in the Owner’s sole discretion.

  • City Manager All Contract administration will be effected by the City Manager, and communication pertaining to Contract administration shall be addressed to the City Manager only. No changes, deviations, or waivers shall be effective without a modification of the Contract executed by the City Manager or duly authorized representative authorizing such changes, deviations, or waivers. The City Manager is: Name: Xxxx XxXxxxxxx Title: City Manager Telephone Number: 000-000-0000 E-Mail Address: xxxxxxxxxx@xxxxxxxxxxxxxx.xxx

  • Construction Manager The individual, partnership, corporation, joint venture, or any combination thereof, or its authorized representative, named as such by the District. If no Construction Manager is used on the Project that is the subject of this Contract, then all references to Construction Manager herein shall be read to refer to District.

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