VBH definition
Examples of VBH in a sentence
From time to time during the term of this Agreement, Owner and VBH may agree to adjust the Control Fee to an amount mutually acceptable to Owner and VBH.
VBH’s agent or any other broker to this transaction has not received any notice and does not have any knowledge that VBH is delinquent in payment of any lien against the Property or that the Property is posted for foreclosure.
This clause will be self-operative, but on Owner’s request, VBH will execute a commercially reasonable subordination agreement in favor of holder(s) of any lien or encumbrance.
Owner will apply all moneys received from VBH first to any non-Control Fee obligations of VBH.
Provided that no Event of Default shall have occurred and be continuing, VBH may assign or grant third parties the right to occupy the Property without Owner’s prior consent.
Unless otherwise stated in this Agreement, all amounts owed by VBH are due on demand.
VBH shall make available a copy of the Master Control Agreement to VBC, with both VBH and VBC understanding that from time to time the Master Control Agreement may be amended, modified or restated.
Except as required by applicable law, Owner will not be responsible to VBH or VBH’s guests, family, or occupants for any damages, injuries, or losses to person or property caused by fire, flood, water leaks, ice, snow, hail, winds, explosion, smoke, interruption of utilities, theft, burglary, robbery, assault, vandalism, other persons, condition of the Property, or other occurrences or casualty losses, unless the damage or injury is caused by the gross negligence or willful misconduct of Owner.
Owner’s past delay, waiver, or non-enforcement of acceleration, contractual or statutory lien, Control Fee due date, or any other right will not be deemed to be a waiver of any other breach by VBH or any other term, condition, or covenant in this Agreement.
VBH will promptly reimburse Owner for any loss, property damage, or cost of repairs or service to the Property caused by negligence or by improper use by VBH or VBH’s guests, family, or occupants, unless VBH has made repairs under the procedures in this Agreement.