Examples of Approved Property in a sentence
Each property manager that satisfies the requirements of this Section 26.01 shall be an “Approved Property Manager” and any management agreement between Tenant and an Approved Property Manager with respect to the Project shall be a “Management Agreement”.
Acquisition of an Existing Approved Property An individual or group that acquires an existing approved property must apply to become an “approved” owner and to retain the “approved” status of the property.
Tenant shall not enter into a management agreement with a new third-party property manager or consent to the assignment by an Approved Property Manager of its interest under its Management Agreement, without first complying with the notification and verification requirements set forth in this Section 26.01.
At all times, Borrower shall cause the Property and any improvements thereon to be managed by an Approved Property Manager.
Tenant shall not enter into a management agreement with a new third- party property manager or consent to the assignment by an Approved Property Manager of its interest under its Management Agreement, without first complying with the notification and verification requirements set forth in this Section 26.01.