Management Internalization definition

Management Internalization means the termination of the management agreement between the Company and the Manager and the hiring by the Company of employees of the Manager all of which is expected to be effective before the end of 2009;
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Examples of Management Internalization in a sentence

  • The Management Internalization Agreement shall not be amended, modified or terminated without Contributors' prior written approval and no duties or obligations of any party contained therein may be modified or waived in any manner without Contributors' prior written approval.

  • Except following any Permitted Management Internalization Event, maintain the Advisor as the manager of the assets of CNL HP.

  • The transaction contemplated in that certain Management Internalization Agreement (the "Management Internalization Agreement") attached hereto as Exhibit N shall have closed in accordance with its terms, and Contributors shall have received a certificate signed on behalf of the Company and OP by the chief executive officer or chief financial officer of the Company to such effect.

Related to Management Internalization

  • Management means an activity inclusive of control and performed on a daily basis, by any person who is a principal executive officer of the company, by whatever name that person may be designated, and whether or not that person is a director.

  • Management Control means the possession, directly or indirectly of the power to direct or cause the direction of the management and policies of the Concessionaire, whether through the ownership of voting securities, by contract or otherwise or the power to elect or appoint more than 50% (fifty percent) of the directors, managers, partners or other individuals exercising similar authority with respect to the Concessionaire.

  • Management Agent means the property management company which oversees the property management functions for the Apartment Housing and which is on-site at the Apartment Housing. The initial Management Agent shall be ▇▇▇▇▇▇▇▇ Valley Management, Inc.

  • disaster management means a continuous and integrated process of planning, organising, coordinating and implementing measures which are necessary or expedient for—

  • Stormwater management BMP means an excavation or embankment and related areas designed to retain stormwater runoff. A stormwater management BMP may either be normally dry (that is, a detention basin or infiltration system), retain water in a permanent pool (a retention basin), or be planted mainly with wetland vegetation (most constructed stormwater wetlands).