Assignment and Subordination of Management Agreement definition

Assignment and Subordination of Management Agreement means the Master Assignment and Subordination of Management Agreement required by Lender and satisfying Lender’s requirements, as the same may be amended, restated, modified or supplemented from time to time.

Assignment and Subordination of Management Agreement means that certain Assignment and Subordination of Management Agreement dated as of the date hereof by and among Tenant, Landlord and Manager and any future assignment and subordination of management agreement by and among Tenant, Manager and Landlord, which future assignment and subordination of management agreement shall be in form and substance reasonably acceptable to each party thereto.

Assignment and Subordination of Management Agreement means that certain Assignment and Subordination of Management Agreement executed by the Company and Property Manager in favor of Preferred Member dated as of the Effective Date.

Examples of Assignment and Subordination of Management Agreement in a sentence

• The Debtor, TRN, and Wells Fargo shall have executed and delivered the Assignment and Subordination of Management Agreement.

• This Agreement shall not confer in favor of any third parties any rights whatsoever as third-party beneficiaries, except to rights conferred to Lender pursuant to the terms and conditions of a certain Assignment and Subordination of Management Agreement entered into by and between Owners and Manager, in favor of Investors Bank.

• On or before the Effective Date, (a) the Debtor, TRN, and Wells Fargo shall enter into the Assignment and Subordination of Management Agreement in the form attached hereto as Exhibit A, and (b) the Debtor, Wells Fargo, and Leisure Hotels, LLC shall execute and deliver the Amendment to Cash Management Agreement in the form attached hereto as Exhibit B.

• A true and correct copy of the Assignment and Subordination of Management Agreement is attached hereto and made a part hereof as Exhibit “G”.

• The committed term loans authorize us to borrow up to an additional $500 million during the nine-month period beginning September 27, 2022, and if funded, will mature in September 2025.

More Definitions of Assignment and Subordination of Management Agreement

Assignment and Subordination of Management Agreement means that certain Assignment and Subordination of Management Agreement, dated the date hereof, among Borrower, Manager and Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

Assignment and Subordination of Management Agreement means, collectively, each Assignment and Subordination of Management Agreement entered into by a Loan Party from time to time in favor of the Administrative Agent, for the benefit of the Administrative Agent, the Lenders and the Specified Derivatives Providers, with respect to a Property Management Agreement over a Borrowing Base Property or other Management Agreement, substantially in the form attached hereto as Exhibit O, and shall include each such Assignment and Subordination of Management Agreement entered into in connection with the Existing Credit Agreement.

Assignment and Subordination of Management Agreement means each Assignment and Subordination of Management Agreement executed by an Executing Subsidiary and Property Manager in favor of Agent, with respect to a Mortgaged Property, as the same may, has been and may be amended, modified or otherwise supplemented from time to time.

Assignment and Subordination of Management Agreement means, collectively, each Assignment and Subordination of Management Agreement entered into by a Loan Party from time to time in favor of the Administrative Agent, for the benefit of the Administrative Agent, the Lenders and the Specified Derivatives Providers, with respect to a Property Management Agreement over a Borrowing Base Property or other Management Agreement, substantially in the form attached hereto as Exhibit O.

Assignment and Subordination of Management Agreement means the Assignment and Subordination of Management Agreement, among the Debtor, TRN, and Wells Fargo, in the form attached hereto as Exhibit A, to be executed and delivered on or before the Effective Date.

Assignment and Subordination of Management Agreement means each Assignment and Subordination of Management Agreement, substantially in the form attached hereto as Exhibit E, executed by an Executing Subsidiary and Property Manager in favor of Agent, with respect to a Mortgaged Property, as the same may be amended, modified or otherwise supplemented from time to time.

Assignment and Subordination of Management Agreement is defined in Section 5.2.2(d).