Qualified Property Manager means either (A) a financially sound, professional property management company, experienced in managing properties similar in type and quality to the Real Property, and which is one of the top three institutional property management companies in the real estate market where the Real Property is located, based on the number of units under its management or (B) another property management company approved in writing by the Lender.
Qualified Property Manager means either (A) a financially sound, professional property management company, experienced in managing properties similar in type and quality to the Real Property, and which is one of the top three institutional property management companies in the real estate market where the Real Property is located, based on the square footage of space under its management or (B) another property management company approved in writing by the Lender.
Qualified Property Manager means Xxxxxxx & Xxxxxxxxx or such other nationally recognized property management firm as the First Lien Lenders, the Supporting Second Lien Lenders and the Debtor shall agree to in writing.
Examples of Qualified Property Manager in a sentence
The Debtor shall continue to employ a Qualified Property Manager, as the property manager of the Properties until the Transaction has been consummated and the New Secured Loan has been extended to the New Borrower.
More Definitions of Qualified Property Manager
Qualified Property Manager as defined in the Consent Agreement. “Park” as defined in the Preamble hereof.
Qualified Property Manager. As defined in Section 11.05.
Qualified Property Manager means either (A) a property management company approved in writing by the Lender, or (B) AmREIT Realty Investment Corporation.
Qualified Property Manager is added to Section 3 of the Deed of Trust as follows:
Qualified Property Manager means either (A) a financially sound, professional property management company, experienced in managing properties similar in type, size and quality to the Real Property (“Similar Properties”), and which is then currently managing no less than eight (8) Similar Properties in any of the following states: Florida, Georgia, Alabama, Mississippi, Louisiana, Texas, Arkansas, Tennessee, South Carolina, North Carolina, Kentucky and Maryland; (B) another property management company approved in writing by the Lender; or (C) Triple Net Properties Realty, Inc., a California corporation.
Qualified Property Manager means either (A) a financially sound, professional property management company, experienced in managing properties similar in type and quality to the Real Property, and which is one of the top three institutional property management companies in the real estate market where the Real Property is located, Deed of Trust U-Store-It Self Storage Warehouse [_________] AEGON Loan No. 89255based on the number of units under its management or (B) another property management company approved in writing by the Lender. The initial Qualified Property Manager shall be YSI Management LLC, a Delaware limited liability company.
Qualified Property Manager means Manager or a reputable and experienced professional management organization either (a) (i) having at least five (5) years' experience in the management of commercial properties with similar uses as the Premises and in the jurisdiction in which the Premises are located, (ii) having, for at least five (5) years prior to its engagement as property manager, managed at least (5) properties of the same property type as the Premises and (iii) which manages, together with its affiliates, at least five (5) first class office buildings totaling at least 2,000,000 square feet of gross leasable area, exclusive of the Property or (b) is approved by Lender, which approval shall not have been unreasonably withheld and for which Lender shall have received written confirmation from the Rating Agencies that the employment of such manager will not result in a downgrade, withdrawal or qualification of the initial, or if higher, then current ratings issued in connection with a Securitization, or if a Securitization has not occurred, any ratings to be assigned in connection with a Securitization, or if a Securitization has not occurred, any ratings to be assigned in connection with a Securitization.