THIRD PARTY MANAGEMENT AGREEMENTS Sample Clauses

THIRD PARTY MANAGEMENT AGREEMENTS. Wellsford shall not amend the existing Third Party Management Agreement which provides that such agreement may be cancelled by Wellsford on thirty days' notice or less without any charge, penalty or other cost for such cancellation. Wellsford shall not renew the other existing Third Party Management Agreement which expires in April, 1997 except on terms which permit its cancellation by Wellsford on thirty days' notice or less without any charge, penalty or other cost for such cancellation, and shall not thereafter amend such terms.
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THIRD PARTY MANAGEMENT AGREEMENTS. Horizon will not, and will not permit any of its Subsidiaries to, amend the management agreements pursuant to which Horizon, directly or indirectly, manages buildings in which Horizon does not own a 100% interest. Horizon will not, and will not permit any Horizon Subsidiary to, renew such management agreements except on terms which permit its cancellation by Horizon or the applicable Horizon Subsidiary on thirty days' notice or less without any charge, penalty or other cost for such cancellation.
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THIRD PARTY MANAGEMENT AGREEMENTS. Seller shall use commercially reasonable efforts prior to the Closing, as and when requested by Buyer, to cause the applicable third-party operator, manager or management company under each Third Party Management Agreement to either, at Buyer’s election, (i) negotiate, execute and deliver to Buyer at Closing a new property management agreement with respect to the applicable Acquired Propert(ies) that are subject to such Third Party Management Agreement, which Buyer intends will be in form and substance substantially similar to the existing Third Party Management Agreement but otherwise reasonably acceptable to Buyer or (ii) to execute and deliver to Buyer at Closing an instrument in form and substance reasonable satisfactory to Buyer agreeing that from and after the Closing Date (a) Buyer (or its designee) may assume such Third Party Management Agreement, (b) Buyer (or its designee) shall be the “owner” under the applicable Third Party Management Agreement and (c) the Third Party Management Agreement shall not terminate in accordance with its terms upon the Closing. In the event that such third-party operator, manager or management company executes an instrument as referred to in subsection (ii), then such Third Party Management Agreement shall be deemed to be an Assumed Contract hereunder. Seller and Buyer shall reasonably cooperate to effectuate the provisions of this Section 6.23.
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THIRD PARTY MANAGEMENT AGREEMENTS. 2.18(e) Third Party Provisions........................................................... 8.5 to the Knowledge of Cornerstone.................................................. 3.17 to the Knowledge of Merry Land................................................... 2.26 Trading Day...................................................................... 1.7(c) Transferred Properties........................................................... 1.2 VSCA............................................................................. 1.8(a) Welfare Plan..................................................................... 2.12 1940 Act......................................................................... 2.23 AGREEMENT AND PLAN OF MERGER AGREEMENT AND PLAN OF MERGER (this “Agreement”) dated as of February 19, 2003, among CORNERSTONE REALTY INCOME TRUST, INC., a Virginia corporation (“Cornerstone”), CORNERSTONE MERGER SUB, INC., a Georgia corporation and wholly-owned subsidiary of Cornerstone (“Merger Sub”) and MERRY LAND PROPERTIES, INC., a Georgia corporation (“Merry Land”). R E C I T A L S:
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THIRD PARTY MANAGEMENT AGREEMENTS. Beacon will not, and will not permit any of its Subsidiaries to, amend the management agreements pursuant to which Beacon, directly or indirectly, manages buildings in which Beacon does not own a 100% interest. Beacon will not, and will not permit any Beacon Subsidiary to, renew such management agreements except on terms which permit its cancellation by Beacon or the applicable Beacon Subsidiary on thirty days' notice or less without any charge, penalty or other cost for such cancellation.
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THIRD PARTY MANAGEMENT AGREEMENTS. At Purchaser’s sole cost and expense (including, without limitation, any application, transfer, termination or other fees chargeable and any costs incurred in connection with the satisfaction and/or compliance with any property improvement plan required by the Third Party Managers), Purchaser shall either (i) enter into new management agreements with the Third Party Managers for the Hotels currently subject to Third Party Management Agreements and obtain Third Party Manager’s consent to the transfer of such Hotel pursuant hereto (if required), or (ii) assume all obligations of Wyndham, Owners, Operating Lessee and any of their Affiliates, as applicable, arising or accruing from and after the Closing under the Third Party Management Agreements and any guaranty thereof, and obtain Third Party Manager’s consent to the transfer of such Hotel pursuant hereto (if required), or (iii) cause any such Third Party Management Agreements to be terminated. Purchaser agrees to cooperate and use commercially reasonable good faith efforts to obtain, at no additional cost to Purchaser, a release of Wyndham, Operating Lessee, Owners, Wyndham Manager and their Affiliates from all duties, liabilities and obligations accruing from and after the Closing under the Third Party Management Agreements (including, without limitation, the obligation to pay the termination fees described in Section 6.14 above pursuant to the Marriott Settlement Agreement) and any guaranties thereof. If the consent of a Third Party Manager is required for the transfer of the applicable Hotels pursuant hereto, Purchaser hereby covenants and agrees that for so long as Third Party Manager agrees to either (i) enter into an assignment and assumption of the Third Party Management Agreement to Purchaser, (ii) enter into a new management agreement on Third Party Manager’s standard form (with modifications customary for such Third Party Manager), in either such event (i) or (ii) (a) including the obligation that Purchaser, if any permitted assignee or other party is the owner thereunder, provide a guaranty thereof, (b) on customary terms and (c) subject to any property improvement plan required by such Third Party Manager (either such event (i) or (ii) being a “New Third Party Management Agreement”), or (iii) permit such Third Party Management Agreement to be terminated without penalty or liability to Wyndham, Owners, Operating Lessee, Wyndham Manager and any of their Affiliates (a “Management Agreement Terminat...
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THIRD PARTY MANAGEMENT AGREEMENTS. (a) Target will not, and will not permit any Target Subsidiary to, amend or renew any of the agreements listed in Section 4.14(c) of the Target Disclosure Memorandum except as approved by Buyer, which approval may be granted or withheld in Buyer's sole discretion.
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THIRD PARTY MANAGEMENT AGREEMENTS. 2.18(e) Third Party Provisions ............................................ 8.5 to the Knowledge of Cornerstone ................................... 3.17 to the Knowledge of Merry Land .................................... 2.26
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Related to THIRD PARTY MANAGEMENT AGREEMENTS

  • 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.

  • Client Agreements Supplier will have a direct contract with, or provide its standard Product or Service terms directly to, Client, which will be enforceable solely between Client and Supplier, for all terms related to Client’s receipt and use of Products and Services (each a “Client Agreement”), other than the payment, risk of loss, and delivery terms that are contracted directly with Accenture.

  • Management Services Agreement The term "Management Services ----------------------------- Agreement" shall mean this Management Services Agreement by and between Practice and Business Manager and any amendments hereto.

  • Existing Management and Franchise Agreements Seller has furnished to Buyer true and complete copies of the Existing Management Agreement and the Existing Franchise Agreement, which constitutes the entire agreement of the parties thereto with respect to the subject matter thereof and which have not been amended or supplemented in any respect. There are no other management agreements, franchise agreements, license agreements or similar agreements for the operation or management of the Hotel or relating to the Brand, to which Seller is a party or which are binding upon the Property, except for the Existing Management Agreement and the Existing Franchise Agreement. The Improvements comply with, and the Hotel is being operated in accordance with, all requirements of such Existing Management Agreement and the Existing Franchise Agreement and all other requirements of the Existing Manager and the Franchisor, including all “brand standard” requirements of the Existing Manager and the Franchisor. The Existing Management Agreement and the Existing Franchise Agreement are in full force and effect, and shall remain in full force and effect until the termination of the Existing Management Agreement and the Existing Franchise Agreement at Closing, as provided in Article V hereof. No default has occurred and is continuing under the Existing Management Agreement or the Existing Franchise Agreement, and no circumstances exist which, with the giving of notice, the lapse of time or both, would constitute such a default.

  • 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.

  • 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 “Services Agreement” shall mean any present or future agreements, either written or oral, between Covered Entity and Business Associate under which Business Associate provides services to Covered Entity which involve the use or disclosure of Protected Health Information. The Services Agreement is amended by and incorporates the terms of this BA Agreement.

  • 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.

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

  • 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.

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