Controlling Agreement definition
Examples of Controlling Agreement in a sentence
Manager shall, in accordance with any applicable loan requirements or other Controlling Agreement, use diligent efforts to collect all rent and other monies from tenants of the Properties and any sums otherwise due the Properties with respect to Owner in the ordinary course of business including, but not limited to, tenants’ payments for real estate taxes, insurance, damages and repairs, and common area maintenance, and shall deposit such monies in the Account (as defined below).
Manager shall, in accordance with any applicable loan requirements or other Controlling Agreement, establish and maintain a separate checking account or accounts (collectively, the “Account”) for funds relating to the Properties.
Manager may, in accordance with any applicable loan requirements or other Controlling Agreement, establish and maintain a separate checking account or accounts (collectively, the “Account”) for funds relating to the Properties.
In addition to any covenants contained in the Controlling Agreement that apply to Seller and the Company, prior to the Closing the Company shall use its best efforts to obtain all necessary consents of any third parties required in connection with the execution and performance by the Company of this Agreement.
Phoenix and Licensee have previously entered into a Technology License Agreement, Phoenix Agreement Number 14820100, dated February 12, 1998 ("Controlling Agreement"), where Licensee has licensed certain Phoenix Virtual Chips software ("Software").