Property Manager. Any entity that has been retained to perform and carry out property rental, leasing, operation and management services at one or more of the Properties, excluding persons, entities or independent contractors retained or hired to perform facility management or other services or tasks at a particular Property.
Property Manager. The term “
Property Manager. Borrower shall manage or cause the apartment complex which is part of the Project (the “Apartment Complex”), and all appurtenances thereto that are a part of the Project, to be managed in a prudent and business-like manner, consistent with property management standards for other comparable first quality, well-managed affordable rental housing projects in the County. Borrower may contract with a property management company or property manager to operate and maintain the Apartment Complex in accordance with the terms of this Section 8 (“Property Manager”); provided, however, the selection and hiring of the Property Manager (and each successor or assignee) is and shall be subject to prior written approval of Executive Director (or designee) in his sole discretion. Related Management Company, L.P., a New York limited partnership (“Related Management”) is hereby approved to act as the Property Manager for the Apartment Complex. Except for Related Management, Borrower shall conduct due diligence and background evaluation of any potential outside property manager or property management company to evaluate experience, references, credit worthiness, and related qualifications as a property manager. Any proposed property manager shall have prior experience with projects and properties comparable to the Apartment Complex and the references and credit record of such manager/company shall be investigated (or caused to be investigated) by Borrower prior to submitting the name and qualifications of such proposed property manager to the Executive Director for review and approval. A complete and true copy of the results of such background evaluation shall be provided to the Executive Director. Approval of a Property Manager by Executive Director shall not be unreasonably delayed but shall be in his sole discretion, and Executive Director shall use good faith efforts to respond as promptly as practicable in order to facilitate effective and ongoing management of the Apartment Complex. Furthermore, the identity and retention of any approved Property Manager shall not be changed without the prior written approval of the Executive Director (or designee), which approval shall not be unreasonably delayed, but shall be in his sole discretion. The selection by Borrower of any new Property Manager also shall be subject to the foregoing requirements. The terms of the property management agreement entered into between Borrower and the Property Manager shall include or incorporate by ...
Property Manager. A person who is primarily responsible for overseeing the management of the Property hereunder and who is experienced in the administration and operation of warehouse, and/or light industrial, and/or service center facilities of the size, type, use, and quality of the Property;
Property Manager. Provided that no Event of Default exists, Tenant may select and enter into an agreement for the management and operation of the Premises with any party without the consent of Landlord if such party is an Affiliate of Tenant or such party satisfies the following requirements: (a) such proposed property manager, or the officer or manager having supervisory responsibility for the Project has at least five (5) years’ experience operating residential projects similar in size to or larger than the Project, (b) such proposed property manager is not one against whom any action or proceeding is pending to enforce rights of the Commonwealth of Virginia or any agency, department, public authority or public benefit corporation thereof arising out of a mortgage obligation to the Commonwealth of Virginia or to any such agency, department, public authority or public benefit corporation, and (c) such proposed property manager is not one with respect to whom any notice of default which remains uncured has been given by the Commonwealth of Virginia or any agency, department, public authority or any public benefit corporation thereof arising out of a contractual obligation to the Commonwealth of Virginia or to any such agency, department, public authority or public benefit corporation. Tenant shall, prior to the effective date of any such management agreement, notify Landlord of the proposed management agreement and submit to Landlord all information and documents Landlord may reasonably require for its review with respect to the criteria set forth above. If Landlord determines that the third-party manager does not comply with the foregoing criteria, Landlord shall so advise Tenant in writing within twenty (20) Business Days, specifying in what respect the proposed third-party manager does not conform to the requirements above. In such event, Tenant shall submit a different third-party manager for Landlord’s review in accordance with the terms of this Section 26.01 or provide evidence reasonably satisfactory to Landlord that such third-party property manager has satisfied the criteria set forth above. Each review by Landlord shall be carried out within twenty (20) Business Days of the date of delivery of the information requested hereunder, and if Landlord does not notify Tenant of its determination within such twenty (20) Business Day period, Landlord shall be deemed to have determined that the third-party property manager is satisfactory. Each property manager that satisfi...
Property Manager. Xxxxxx xxxxxx approves Inland Northwest Management Corp. as manager of the Property, subject to its execution of the letter attached as EXHIBIT B hereto.
Property Manager. IRET Properties, a North Dakota Limited Partnership 00000 Xxxxxxxxx Xxxxxx, Xxxxx 000 Xxxx Xxxxxxx, XX 00000 Telephone: (000) 000-0000
Property Manager. As of the date hereof, the manager of each Property is the Borrower or a Qualifying Investment Affiliate.
Property Manager. New Borrower shall be permitted to select the property manager and leasing agent, if any, and any replacement property manager or leasing agent subject to the reasonable approval of Agent. Any property management agreement or leasing commission agreement shall be subject to the prior approval of Agent. It is contemplated that these will be affiliates of New Borrower.
Property Manager. Manager shall retain the services of an experienced project manager (as an employee of Manager) (the "PROPERTY MANAGER"), at Owner's cost, to perform the on-site management functions specified herein.
