Manager Consent definition

Manager Consent means the waiver by any Manager of any rights under the applicable Management Agreement arising as a result of, or the provision of such Manager’s consent to, the transactions contemplated by this Agreement and the Transaction Documents (including the assignment by the applicable Selling Subsidiary to the applicable Buyer of such Management Agreement), which waiver or consent is required to be obtained pursuant to the terms of such Management Agreement in order for such Management Agreement to remain in full force and effect from and after the Closing in such Buyer’s (or its permitted Affiliate-assignee’s) name; provided, however, that no Manager Consent shall be deemed to exist in respect of any Terminating Management Agreement.
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Manager Consent means a Manager Consent and Agreement in substantially the --------------- form of the attached Exhibit V, executed by the Manager for the Hotel Property.
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Manager Consent shall have the meaning assigned thereto in subsection 14.2(b).
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Examples of Manager Consent in a sentence

  • When any provision of this Management Services Agreement requires Business Manager Consent, such consent shall not be unreasonably withheld or delayed and shall be binding on Business Manager.

  • The term "Business Manager Consent" shall ------------------------ mean the consent granted by any of Business Manager's representatives to the Policy Board.

  • The term "Business Manager Consent" shall mean the consent granted by any of Business Manager's representatives to the Policy Board.

  • In no event shall the professional liability insurance carrier be replaced or changed without PC Consent and Business Manager Consent.

  • The term "Business Manager Consent" shall mean the consent granted by Business Manager's representatives to the Policy Board created pursuant to Article III herein.

  • The term "Business Manager Consent" shall mean the consent granted by Business Manager's representatives (or either representative) to the Practice Advisory Council created pursuant to Article II herein, which consent shall not be unreasonably withheld or delayed and shall be binding on the Business Manager.

  • Throughout the Term of this Management Services Agreement, Practice shall not, without Business Manager Consent, amend such documents or waive any rights thereunder in any manner.

  • When any provision of this Management Services Agreement requires Business Manager Consent, Business Manager Consent shall not be unreasonably withheld and shall be binding on Business Manager.

  • Practice Expense shall include, without limitation, such items as Preexisting Obligation Payments, Physician Discretionary Expenses, salaries, benefits and other direct costs of all Physician-Shareholders, any costs of providing locum tenens coverage for Physician-Shareholders pursuant to Section 5.4 hereof, and any other expenses incurred by Practice or Physicians which are not in the Budget or are in excess of budgeted allowances if expended by Practice personnel without Business Manager Consent.

  • The Management Fee and the terms and provisions of the Management Agreement are subordinate to the Loan Documents in accordance with the term set forth in the applicable Manager Consent and Subordination of Management Agreement, Lender approves the terms of the Management Agreements heretofore delivered to Lender.


More Definitions of Manager Consent

Manager Consent means the consent granted by the Manager’s Representatives (or either Representative) to the Business or the Operations Committee. When any provision hereof requires Manager Consent and does not specify a different standard, such consent will not be unreasonably withheld and will be binding on the Manager.
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Manager Consent the prior written consent of a Manager Majority; Manager Declaration: the declaration to be completed by each of the Initial Managers on Completion in accordance with the Subscription Agreement or to be completed by a New Securities Holder in accordance with clause 19.1 in the Agreed Form marked “B”;
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Manager Consent shall have the meaning set forth in Section 3.1(f).
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Manager Consent means any Mezzanine Consent of Manager and Subordination of Management Fees, entered into among Lender, Borrower, Mortgage Borrower and Manager in accordance with the terms of this Agreement, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time. “Master Lease” means that certain Instil Bio Life Science Campus Lease, dated as of the Closing Date, between Mortgage Borrower, as landlord, and Master Tenant, as tenant, as the same may be amended, modified and/or supplemented from time to time in accordance with the terms hereof. “Master Lease Payment Outside Date” has the meaning set forth in Section 4.1.2(l)(i). “Master Lease Payments” means all Rent (as defined in the Master Lease) paid by Master Tenant pursuant to the Master Lease. “Master Lease Recognition Agreement” means that certain Mezzanine Recognition Agreement, dated as of the Closing Date, among Lender, Borrower, Mortgage Borrower and Master Tenant, with respect to the Master Lease, as the same may be amended, modified and/or supplemented from time to time in accordance with the terms hereof. “Master Tenant” means Instil Sponsor. “Material Adverse Effect” means a material adverse effect on (a) the Property or the Collateral or, in each case, the value or use thereof, (b) the business, profits, management, operations or condition (financial or otherwise) of Borrower, SPE Component Entity, Mortgage Borrower, Mortgage Borrower SPE Component Entity, Master Tenant, and Guarantor, taken as a whole, the Collateral or the Property, (c) the enforceability, validity, perfection or priority of the lien of the Pledge Agreement or the other Loan Documents, or (d) the ability of any Borrower Party to perform its obligations under the Loan Documents to which it is a party; provided, however, that current financial and market conditions engendered by the SARS-CoV-2 global pandemic shall not be given effect in determining whether a Material Adverse Effect has occurred with respect to a Borrower Party unless such conditions result in a material adverse effect specific to the business, condition (financial or otherwise), the Property, the Collateral, or operations of Borrower, Mortgage Borrower, Guarantor and their respective Affiliates, taken as a whole, after the Closing Date. “Material Agreements” means each contract and agreement relating to the ownership, management, development, use, operation, leasing, maintenance, repair or improvement of the Property, other than...
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Manager Consent means, with respect to the Fund, the consent of, and any other action required under the terms of the Fund Agreement by, its Manager to the transfer of the Seller LLC Interest in the Fund to the Purchasers and admission of the Purchasers as members in the Fund, as required under the terms of the Fund Agreement.
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Related to Manager Consent

  • Unanimous Consent means the consent of Lenders (other than Delinquent Lenders) holding 100% of the Commitments (other than Commitments held by a Delinquent Lender).

  • Seller Consents has the meaning set forth in Section 3.03.

  • Governmental Consent means any notice to, registration, declaration or filing with, exemption or review by, or authorization, order, consent or approval of, any Governmental Entity, or the expiration or termination of any statutory waiting periods;

  • Special Approval means approval by a majority of the members of the Conflicts Committee.

  • CPUC Approval means a final and non-appealable order of the CPUC, without conditions or modifications unacceptable to the Parties, or either of them, which contains the following terms: