Authority of Manager. (a) Pursuant to the terms of this Agreement (and subject to the restrictions included in Paragraphs (b) of this Section 4 and in Section 7 hereof), and subject to the continuing and exclusive authority of the Board over the management of the Company, the Board hereby delegates to the Manager the authority to: (1) arrange for refinancing, or assess changes in the asset or capital structure of, and dispose of or otherwise deal with, Properties; (2) enter into leases and service contracts for Properties, and perform other property level operations; (3) oversee non-affiliated property managers and other non-affiliated Persons who perform services for the Company; (4) undertake accounting and other record-keeping functions at the Property level; and (5) perform its duties set forth in Section 3.
Appears in 6 contracts
Samples: Asset Management Agreement (W P Carey & Co LLC), Asset Management Agreement (Corporate Property Associates 16 Global Inc), Asset Management Agreement (Carey W P & Co LLC)
Authority of Manager. (a) Pursuant to the terms of this Agreement (and subject to the restrictions included in Paragraphs (b) of this Section 4 and in Section 7 hereof), and subject to the continuing and exclusive authority of the Board over the management of the CompanyCPA: 17, the Board hereby delegates to the Manager the authority to: (1) arrange for refinancing, or assess changes in the asset or capital structure of, and dispose of or otherwise deal with, Properties; (2) enter into leases and service contracts for Properties, and perform other property level operations; (3) oversee non-affiliated property managers and other non-affiliated Persons who perform services for the CompanyCPA: 17; (4) undertake accounting and other record-keeping functions at the Property level; and (5) perform its duties set forth in Section 3.
Appears in 2 contracts
Samples: Asset Management Agreement (Carey W P & Co LLC), Asset Management Agreement (Corporate Property Associates 17 - Global INC)