Relevant Signatory definition
Examples of Relevant Signatory in a sentence
If the broker or Manager is not an Affiliate of the Relevant Signatory, the Relevant Signatory shall appoint a replacement broker or Manager, as applicable, pursuant to a new Management Agreement or Brokerage Agreement within thirty (30) days after delivery of such Lender Termination Request.
Notwithstanding the foregoing, if the broker is an Affiliate of the Relevant Signatory, Lender’s delivery to the Relevant Signatory of a Lender Termination Request shall automatically terminate the Brokerage Agreement effective as of the date specified in the Lender Termination Request.
This Warrant is one in a series of warrants issued on May 9, 2005 (the "Issuance Date") with substantially similar terms and conditions that (x) as of the Issuance Date and subject to the provisions of this Warrant and such other warrants (as applicable), allow for the purchase of up to an aggregate of 863,236 shares of Common Stock and (y) as of the Issuance Date, are represented by warrant certificate numbers W-24, W-25, and W-26.
The Brokerage Agreements shall each provide (i) for a thirty (30) day term, with automatic renewal on a month-to-month basis unless the owner elects not to renew such Brokerage Agreement, and (ii) that the relevant Loan Party, its Subsidiaries or Affiliates, including the Expanded Property Owners (for purposes of this Section 9.2, the "Relevant Signatory"), shall have the right to terminate said Brokerage Agreement with or without cause on no more than thirty (30) days prior written notice.
Notwithstanding the foregoing, if the broker or Manager is an Affiliate of the Relevant Signatory, Lender's delivery to the Relevant Signatory of a Lender Termination Request shall automatically terminate the Management Agreement and/or Brokerage Agreement, as specified in the Lender Termination Request, effective as of the date specified in the Lender Termination Request.
If requested by Lender in writing (a “Lender Termination Request”) at any time, the Relevant Signatory shall issue within five (5) days after delivery of the Lender Termination Request, a notice of termination to terminate the Brokerage Agreement (a “Broker Termination Notice”).
If the broker is not an Affiliate of the Relevant Signatory, the Relevant Signatory shall appoint a replacement broker pursuant to a new Brokerage Agreement within thirty (30) days after delivery of such Lender Termination Request.