Third Party Manager definition
Examples of Third Party Manager in a sentence
None of Seller, Remington or, to Seller’s knowledge, the Third Party Manager, has given nor received any written notice of breach or default under any Material Contract that has not been cured or rescinded.
Other than (a) the Put Right, (b) the Third Party Manager ROFOs and (c) the Bardessono Ground Lease ROFO, there are no outstanding rights of first refusal, rights of first offer, purchase options or similar rights relating to the acquisition of the Property or any interest therein.
Neither Seller, Remington nor, to Seller’s knowledge, the Third Party Manager has given nor received any written notice of breach or default under any such Occupancy Agreements that has not been cured or rescinded.
Purchaser shall arrange for new accounts to be opened with applicable utility providers effective as of the Cut-Off Time if such accounts are currently in the name of Seller or Remington rather than a Third Party Manager.
Seller shall receive a credit for the aggregate amount of the balance of the Reserve Accounts held by or for the account of a Third Party Manager as of the Closing Date that Purchaser will have the benefit of after the Closing Date.