Common use of Management of Properties Clause in Contracts

Management of Properties. Subject to the provisions of Section 5.5 hereof, Borrower or a Subsidiary of Borrower shall directly operate and manage the business of the Borrower at each of the Mortgaged Properties; provided, however, that with the prior written consent of all of the Lenders, which consent shall not be unreasonably withheld, the Borrower may hire another Person to operate and manage any Mortgaged Property.

Appears in 2 contracts

Samples: Credit Agreement (Homestead Village Inc), Credit Agreement (Homestead Village Inc)

AutoNDA by SimpleDocs

Management of Properties. Subject to the provisions of Section 5.5 hereof, Borrower or a Subsidiary of Borrower shall directly or indirectly operate and manage the business of the Borrower at each of the Mortgaged Properties; provided, however, that with the prior written consent of all of the LendersAgent, which consent shall not be unreasonably withheld, the Borrower may hire another Person to operate and manage any Mortgaged Property.

Appears in 2 contracts

Samples: Credit Agreement (Homestead Village Inc), Credit Agreement (Homestead Village Inc)

AutoNDA by SimpleDocs

Management of Properties. Subject to the provisions of Section 5.5 hereof, Borrower or a Subsidiary of Borrower shall directly or indirectly operate and manage the business of the Borrower at each of the Mortgaged Properties; provided, however, that with the prior written consent of all of the LendersAgent, which consent shall not be unreasonably withheld, the Borrower may hire another Person to operate and manage any Mortgaged Property.

Appears in 1 contract

Samples: Credit Agreement (Homestead Village Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.