Original Manager definition

Original Manager has the meaning set out in Schedule 4 (Manager Incentivisation Provisions);
Original Manager shall, shall initially manage the Property pursuant to the provisions of a separate management agreement in the form attached hereto as Exhibit “B” (“Management Agreement”) for a term of approximately one (1) year commencing on the date of the Management Agreement and expiring at midnight on the last day of the eleventh (11th) full calendar month following the date of the Management Agreement unless sooner terminated or extended as hereinafter provided. Original Manager or any other Property manager (“Manager”) may be discharged as Manager at any time for reasonable cause by: (i) vote of all of the Owners if the discharge will not violate the Mortgage Loan Documents; or (ii) as provided for in the Mortgage Loan Documents. Except as may be otherwise required by the Mortgage Loan Documents, the term of the Management Agreement shall be renewed or extended only with the prior consent of all of the Owners. In the event the Original Manager is no longer the Manager, the successor Manager and any successor management contract or extension or renewal thereof, will be substantially in the same form as Exhibit “B” (but with a new term and management fee). The Manager shall at all times be required by the Owners to disburse to the Owners their Pro Rata Shares of Net Cash Flow as required by Section 6. No replacement Manager shall be selected or approved without the consent of all of the Owners. Owners acknowledge that ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ and/or one or more other members of ▇▇. ▇▇▇▇▇▇’▇ family, have control and indirect equity interests in one or more Owners and the Manager. Owners waive the conflict of interest arising as a result thereof. Owners do not waive any claim arising from any breach of any fiduciary duty owed to the Owners by the Manager.
Original Manager s Undertakings” means the respective letters of undertakings issued by Kyklades Maritime Corporation dated 27 June 2017 and 28 June 2017.

Examples of Original Manager in a sentence

  • In the event the Original Manager is no longer the Manager, the successor Manager and any successor management contract or extension or renewal thereof, will be substantially in the same form as Exhibit “B” (but with a new term and management fee).

  • Original Manager or any other Property manager (“Manager”) may be discharged as Manager at any time for reasonable cause by: (i) vote of all of the Owners if the discharge will not violate the Mortgage Loan Documents; or (ii) as provided for in the Mortgage Loan Documents.

  • The Indemnified Parties, or referred to singularly as Indemnified Party, shall include (a) each of the General Partner, the Management Company, the Original Manager, the tax matters partner, the Partnership Representative and each liquidator of the Partnership; and (b) each partner, member, stockholder, manager, managing director, officer, director, employee, consultant, agent or Affiliate of any of the parties identified in clause (a).

  • Requests shall be initiated by the employee, in writing, on the appropriate form, in accordance with the following: The request will be prepared in four (4) copies and will be distributed as follows: Original Manager, Human Resources First Copy Employee's Supervisor Second Copy Union District Chairperson Employee's Retention The original must be forwarded by Registered Mail Canada Post.

  • Requests shall be initiated by the employee, in writing, on the appropriate form, in accordance with the following: The request will be prepared in four (4) copies and will be distributed as follows: Original Manager, Human Resources First Copy Employee's Supervisor Second Copy -Union Chairperson Third Copy Employee's Retention The original be forwarded by Registered Mail Canada Post.

  • By a Management Agreement dated 15th June 2010 (“the Management Agreement”) made between the Owner and the Original Manager, the Original Manager agreed to carry out the commercial and technical management of the Vessel and the Owner agreed to pay to the Original Manager for the services rendered under the Management Agreement a daily management fee as provided for in the Management Agreement.

  • The Original Manager shall cause the Company to enter into and perform agreements with District or its affiliates providing for management and leasing of the Project.


More Definitions of Original Manager

Original Manager means EL.