Responsible Agent definition
Examples of Responsible Agent in a sentence
The Responsible Agent designated herein agrees to be available 24 hours per day, 7 days per week to respond to and resolve complaints regarding the STR property by phone, text or e-mail; Responsible Agent designee has read and understands the STR ordinance requirements located in Article III of Chapter 110 of the Town of Frisco Municipal Code.
Licensee is also responsible for ensuring the Responsible Agent understands all applicable STR regulations in Article III of Chapter 110 of the Town of Frisco Municipal Code.
A licensee may designate himself/herself as the Responsible Agent.
Notwithstanding the foregoing, each Borrower shall, and shall cause each of its Subsidiaries to, provide to the Responsible Agent an appraisal of the applicable Credit Party’s Rental Fleet Assets that such Credit Party intends to acquire, which appraisal shall be from the Appraiser and shall be reasonably satisfactory in scope, form and substance to the Responsible Agent, any time a Credit Party makes an acquisition in an individual amount exceeding $15,000,000.
Additionally, if Franchisee is a partnership, corporation or a limited liability company, the Responsible Agent and/or Broker identified in paragraph 17.02(c) below is a duly licensed real estate broker under the laws of the state within which the Locations are located and is in compliance with all applicable laws, rules and regulations of cognizant authorities.