Required Management definition
Examples of Required Management in a sentence
Together with each such request, Borrower shall furnish Lender with bills and all other documents necessary for the payment of the Required Management Fees which are the subject of such request.
Base Rent shall be suspended during any period that construction of the Project is delayed due to the Required Management of any such Pre-existing Hazardous Substances.
Borrower hereby agrees to pay all Required Management Fees (without regard to the amount of money then available in the Management Fee Sub-Account or the Management Fee Escrow Account).
The Work Plan shall be designed to allow for collaboration and cooperation among the contractor, Developer’s construction management representatives, and Developer’s and Port’s on-site environmental professionals with respect to Required Management of Hazardous Substances.
Tenant shall have no claim for delay or constructive eviction as a result of the presence or Required Management of any such Pre- existing Hazardous Substances.
Notwithstanding the foregoing, upon the occurrence of a “Default,” “Event of Default” or other breach by the Underlying Obligor of the Purchased Loan Documents that gives Seller, as lender thereunder, the right to terminate and/or replace any property manager, asset manager or other similar manager with respect to the Properties, Seller may, in its sole discretion, absent a Required Management Termination Event, elect not to terminate and/or replace any such manager.
The Port shall be responsible for the Incremental Environmental Costs for Required Management of Pre-existing Hazardous Substances identified in the Pre-Lease Environmental Condition Report.
Tenant shall have no claim for delay or constructive eviction as a result of the presence or Required Management of any such Pre-existing Hazardous Substances.
Tenant shall consider and, if deemed appropriate for Required Management that may generate Incremental Environmental Cost or other work that will be at the Port's cost, incorporate reasonable comments provided by the Port within ten (10) days after Te▇▇▇▇’s submission to the Port of its Work Plan and updates thereto (subject to dispute resolution pursuant to Section 14.8).
Base Rent (or if applicable the Option Payments) shall be suspended during any period the Property is not fully usable due to the Required Management of any such Pre-existing Hazardous Substances.