Manager definition
Examples of Manager in a sentence
This First Amendment (the “First Amendment”) to the Transfer Agency and Services Agreement dated June 1, 2022 (the “Agreement”) is entered into as of July 2 2022, between each of the investment vehicles listed on Schedule A of the Agreement, as amended hereto (the “Funds”) and DST Asset Manager Solutions, Inc.
If the Trust Fund acquires any Foreclosed Property, the Special Servicer, acting on behalf of the Trustee, if the Manager would not be considered an Independent Contractor, shall either renegotiate the applicable Management Agreement or replace the Manager with a Successor Manager (as appropriate and to the extent permitted under such Management Agreement) so that the Foreclosed Property would be considered to be operated by an Independent Contractor.
The Collateral Manager will be free, in its sole discretion, to make recommendations to others, or effect transactions on behalf of itself or for others, which may be the same as or different from those effected with respect to the Assets.
The Collateral Manager may decline to make a particular investment for the Issuer in view of such relationships.
In no event shall the Repurchasing Seller transfer, sell, assign, hypothecate, participate or encumber its Loan Percentage Interest to any Borrower Affiliate, any Manager, any Restricted Holder or any Affiliate of any of the foregoing, and any purported transfer that violates this sentence shall be void ab initio unless the portion of the Whole Loan remaining in the Trust is also being transferred, sold, assigned, hypothecated, participated or encumbered to any such Person.