Common use of Management Contracts Clause in Contracts

Management Contracts. A true and correct copy of all of the contracts or other written understandings, to which each of EOH and EGI is a party or by which EOH and EGI is bound that relate to its Management Business except for contracts or understandings that are not material to the business and operations of the Management Business (collectively, the "Management Contracts") has been delivered to or made available to the Operating Partnership. Each of the Management Contracts is valid and binding and in full force and effect in all material respects. No party to the Management Contracts has breached or defaulted under the terms of any Management Contract, except for such breaches or defaults that would not have a material adverse effect on the condition, financial or otherwise, or on the earnings, assets, business affairs or business prospects of the Management Business.

Management Contracts. A true and correct copy of all of the contracts or other written understandings, to which each of EOP, EOH and EGI is a party or by which EOP, EOH and EGI is bound that relate to its Management Business except for contracts or understandings that are not material to the business and operations of the Management Business (collectively, the "Management Contracts") has been delivered to or made available to the Operating Partnership. Each of the Management Contracts is valid and binding and in full force and effect in all material respects. No party to the Management Contracts has breached or defaulted under the terms of any Management Contract, except for such breaches or defaults that would not have a material adverse effect on the condition, financial or otherwise, or on the earnings, assets, business affairs or business prospects of the Management Business.