General Duties and Authority. Subject only to the restrictions and limitations provided in paragraphs (o) and (p) of this Section 2 and the right of Owner to terminate this Agreement as provided in Section 6 hereof, U-Haul shall have the sole and exclusive authority to fully manage the Property and supervise and direct the business and affairs associated or related to the daily operation thereof, and, to that end on behalf of Owner, to execute such documents and instruments as, in the sole judgment of U-Haul, are reasonably necessary or advisable under the circumstances in order to fulfill U-Haul's duties hereunder. Such duties and authority shall include, without limitation, those set forth below.
General Duties and Authority. Manager shall have the sole and exclusive duty and authority to fully manage the Property and supervise and direct the business and affairs associated or related to the daily operation thereof, to collect on behalf of Owner all revenues related to the Property, to pay on behalf of Owner all expenses of the Property - and to execute on behalf of Owner such documents and instruments as, in the sole judgment of Manager, are reasonably necessary or advisable under the circumstances in order to fulfill Manager's duties hereunder. Such duties and authority shall include, without limitation, those set forth below. Notwithstanding the foregoing or any other term or provision herein, upon notice to Manager, Owner shall have the right to assume responsibility for the direct payment of certain expenses of Owner, as may be determined by Owner. In such event, Owner shall provide an accounting of such costs to Manager. In the event Owner fails to provide such accounting to Manager, Manager shall assume no liability for nonpayment for such expenses so assumed by Owner. The parties acknowledge and agree that Owner will retain title to, ownership of, and exclusive right to control the Property, subject to the terms of this Agreement, and that portion of the Gross Revenue (as hereinafter defined) owned by Owner (“Owner’s Revenue”) (which includes the revenue from the storage operations at the Property, retail sales, miscellaneous income and Owner’s UMove commission), and that Manager will not acquire title to, any interest in, or any income or revenues from the Property or Owner’s Revenue. In performing its services and making any payments hereunder, Manager will make known to third parties that Manager is acting solely as the agent of Owner. Under no circumstances will Manager represent or hold itself out to any third party as having any title to or property interest in the Property or Owner’s Revenue.
General Duties and Authority. Manager shall have the sole and exclusive duty and authority to fully manage the Property and supervise and direct the business and affairs associated or related to the daily operation thereof, to collect on behalf of Owner all revenues related to the Property, to pay on behalf of Owner all expenses of the Property (including payment of all debt service to Lender, as hereinafter defined) and to execute on behalf of Owner such documents and instruments as, in the sole judgment of Manager, are reasonably necessary or advisable under the circumstances in order to fulfill Manager's duties hereunder. Such duties and authority shall include, without limitation, those set forth below.
General Duties and Authority. METROPOLITAN shall provide receivable acquisition services to SUMMIT which shall be performed substantially in compliance with the following: a. METROPOLITAN shall secure opportunities for SUMMIT to purchase receivables through the use of METROPOLITAN's branch office system, industry contacts and the other methods developed by METROPOLITAN for its own receivable purchases. b. In reviewing the receivables offered to SUMMIT, METROPOLITAN shall review, among other things, the receivable loan to value ratio, security value, security condition, payment record, payor's credit, security title reports and legal documents, taking into account the investment guidelines provided by SUMMIT. c. METROPOLITAN or its agent, shall close the receivable purchase in a manner and using practices which are consistent with industry standards for the location where the receivable is closed. d. Loans resulting from financing that may be provided by METROPOLITAN as a means to induce the purchase of property (e.g. for the financing of repossession resales or other seller financing) may be placed in SUMMIT's receivable portfolio if such receivables are consistent with SUMMIT's investment guidelines. e. METROPOLITAN shall prepare and maintain such books, records, computer systems and procedures as shall be required and necessary to maintain control over the day to day activities regarding offers to purchase and closing of receivable purchases. f. METROPOLITAN shall furnish to SUMMIT such periodic, special or other reports or information as requested by SUMMIT including reports of total receivables purchased, closing periods and closing costs. All such reports, documents or information shall be provided by and in accordance with all reasonable instructions and directions which SUMMIT may give. g. METROPOLITAN may carry out any other activity or procedure, which in METROPOLITAN's discretion, is necessary or appropriate in connection with the acquisition and closing of the receivables for the benefit of SUMMIT. 2. RECEIVABLE ACQUISITION SERVICES FEE: SUMMIT shall pay METROPOLITAN fees for Receivable Acquisition and Support Services provided by METROPOLITAN to SUMMIT. Fees shall be determined by mutual agreement of the parties. 3.
General Duties and Authority. Subject only to the restrictions and limitations provided for herein and the right of the Owner to terminate this Agreement as provided herein, the Manager shall have the sole and exclusive authority to fully and completely supervise the Hotels and supervise and direct the business and affairs associated or related to the operation thereof, and to that end to cause or direct the Owner to execute such documents or instruments and hire or discharge such employees as, in the sole judgment of the Manager, may deem necessary or advisable.
General Duties and Authority. Manager shall have the sole and exclusive duty and authority to fully manage the Property and supervise and direct the business and affairs associated or related to the daily operation thereof, to collect on behalf of Owner all revenues related
General Duties and Authority. METROPOLITAN shall provide services related to Receivables acquisition, underwriting and sales services to INVESTOR which shall be performed substantially in compliance with the following:
General Duties and Authority. Subject only to the restrictions, limitations and covenants provided in Sections 2.2, 2.3 and 2.4 of this Article II and the right of the Partnership to terminate this Agreement as provided in Article VI hereof, CSM shall have the sole and exclusive authority to fully and completely supervise the Properties and supervise and direct the business and affairs associated with or related to the daily operations thereof and, to that end, to cause or direct the Partnership to execute such documents or instruments and hire or discharge such employees as, in the reasonable judgment of CSM, may be deemed necessary or advisable. Such duties and authorities shall include, but not be limited to, the following:
General Duties and Authority. Subject to the provisions of this Agreement, Asset Manager shall formulate and propose to Owner strategies for promotion, operation, management, improvement, maintenance and leasing of the Property. Asset Manager, on behalf of Owner, shall supervise the conduct by the Property Manager (as hereinafter defined) of the ordinary and usual business affairs of Owner pertaining to the promotion, operation, management, improvement, maintenance and leasing of the Property SMRH:479313556.2 solely as provided in this Agreement and the written agreement between Owner and the Property Manager.
General Duties and Authority. Subject only to the restrictions and limitations provided in paragraphs 2.14 and 2.15, Moto shall have the sole and exclusive authority to fully and completely supervise and direct the business and affairs associated or related to the daily operation thereof, and to that end to cause or direct NPL to execute such documents or instruments, hire or discharge employees, and take other appropriate actions, as, in the sole judgment of Moto may be deemed necessary or advisable. Such duties and authority shall include but not be limited to those set forth as follows, which are not in limitation of the foregoing.
