Approved Management Agreement definition

Approved Management Agreement means, in relation to a Ship in respect of its commercial and/or technical management, a management agreement between the Borrower or the Guarantor that owns that Ship and the relevant Approved Manager in Agreed Form;

Approved Management Agreement means that certain Amended and Restated Management and Leasing Agreement, dated as of July 1, 1997 between Borrower and the Approved Property Manager, as such agreement has been collaterally assigned to Senior Lender and may be Modified in accordance herewith, and any other management or leasing agreement with respect to the Property approved in writing by Lender.

Approved Management Agreement means, in relation to a Ship in respect of its commercial and/or technical management, a management agreement between the relevant Borrower and an Approved Manager in Agreed Form;

Examples of Approved Management Agreement in a sentence

• Except for any Approved Management Agreement, no property management agreements are in effect with respect to the Property.

• Pursuant to the Subordination of Property Management Agreement or Agreements, each Approved Property Manager shall agree that its Approved Management Agreement and all fees thereunder (including any incentive fees) are subject and subordinate to the Indebtedness.

• The Approved Management Agreement is in full force and effect and there is no event of 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.

• To the knowledge of the Borrower, the Approved Participating Lessee for a Hotel Property subject to a Approved Management Agreement is a party to such Approved Management Agreement and no consent is necessary to such Person being the owner under such Approved Management Agreement which has not already been obtained.

• Except for any Approved Management Agreement, no property management agreements are in effect with respect to the Properties, other than sub-management agreements entered into in accordance with the terms of the Approved Management Agreements.

More Definitions of Approved Management Agreement

Approved Management Agreement means, collectively or individually as the context may require, those certain Property Management Agreements listed on Schedule T, dated as of the Closing Date, between Borrower or a Property Owner and the initial Approved Property Manager, as the same may be modified or replaced in accordance herewith with the reasonable consent of Lender, and any other management agreement that is approved by Lender, which approval shall not be unreasonably withheld, conditioned or delayed, and with respect to which Lender receives Rating Confirmation.

Approved Management Agreement means a management agreement with a Qualified Management Company that has been approved by the NIGC and provides for the management of the Resort Business (other than any business or commercial activity that constituted an Excluded Business at any time) by such Qualified Management Company.

Approved Management Agreement means either an Approved Commercial Management Agreement or an Approved Technical Management Agreement as the context requires;

Approved Management Agreement means (a) that certain Master Property Management Agreement among the Approved Manager and each Owner (as defined therein) from time to time party thereto, dated as of the Closing Date (as Modified in accordance with the provisions hereof and thereof), and (b) any other management agreement in respect of a Borrowing Base Asset entered into after the Closing Date in compliance with Section 5.8.

Approved Management Agreement means, in relation to each Ship:

Approved Management Agreement means a management agreement by and between a Person, as owner, and Borrower or Borrower's Subsidiary or Unconsolidated Entity, as manager, in substantially the form of an Existing Management Agreement, a form which does not include materially adverse provisions which are not customary for management agreements of Hospitality Properties or such other form as is approved by the Administrative Agent in writing (which approval shall not be unreasonably withheld).

Approved Management Agreement means that certain Management Agreement, dated as of November 3, 2010, between Operating Lessee and the initial Approved Property Manager, as amended by Amendment dated on or about the date hereof, as the same may be further amended, restated, replaced, supplemented or otherwise modified in accordance herewith with the consent of Lender, and any other management agreement that is approved by Lender and with respect to which the Rating Condition is satisfied, as the same may be amended, restated, replaced, supplemented or otherwise modified in accordance herewith with the consent of Lender.