Park View definition
Examples of Park View in a sentence
This Agreement shall not be assigned by the Park View Entities without the consent of the Manager, except in the case of an assignment by the Park View Entities to a corporation or other organization that is a successor to all of the assets, rights and obligations of the Park View Entities, in which case such successor organization shall be bound hereunder and by the terms of said assignment in the same manner as the Park View Entities are bound by this Agreement.
Except as otherwise provided in this Agreement, the Manager hereby agrees to use its commercially reasonable efforts to perform the duties set forth herein, provided that the Park View Entities reimburses the Manager for costs and expenses in accordance with Article 9 hereof.
The Manager may decline to renew this Agreement by providing the Park View Entities with 180 days’ written notice prior to the expiration of the initial term or the then current automatic renewal term.
The Park View Entities acknowledge that the Manager and its Affiliates and their respective employees, officers and agents may also engage in activities unrelated to the Park View Entities and may provide services to Persons other than the Park View Entities or any of their Affiliates.
Notwithstanding the foregoing, the Manager may not take any action on behalf of the Park View Entities without the prior approval of the Board or duly authorized committees thereof if the Charter or Maryland General Corporation Law require the prior approval of the Board.
All rights of creditors and other obligees and all liens on property of either Home Savings or Park View shall be preserved, shall be assumed by the Surviving Institution and shall not be released or impaired.
Expenses incurred by the Manager on behalf of the Park View Entities and reimbursable pursuant to this Article 9 shall be reimbursed no less than monthly to the Manager.
The Manager may establish and maintain one or more bank accounts in its own name for the account of the Park View Entities or in the name of the Park View Entities and may collect and deposit into any such account or accounts, and disburse from any such account or accounts, any money on behalf of the Park View Entities, under such terms and conditions as the Board may approve, provided that no funds shall be commingled with the funds of the Manager.
The Manager shall promptly disclose to the Board the existence of any condition or circumstance, existing or anticipated, of which it has knowledge, that creates or could create a conflict of interest between the Manager’s obligations to the Park View Entities and its obligations to or its interest in any other Person.
In addition, if the Park View Entities default in the performance of any material term of this Agreement and the default continues for a period of 30 days after written notice to the Park View Entities specifying such default and requesting the same be remedied in 30 days, the Manager may terminate this Agreement upon 60 days’ written notice.