Property Management Contract definition

Property Management Contract means any agreement between Borrower and Property Manager and approved by Lender, which provides for the management of the Property for Borrower by Property Manager.

Property Management Contract means the agreement between the Partnership and the Management Agent providing for the management of the Apartment Development and permitting payment of fees therefor under this Agreement, and the management plan approved by ADFA/HOME.

Property Management Contract means the agreement dated as ofMarch 1, 2007, between Borrower and Property Manager which provides for the management of the

Examples of Property Management Contract in a sentence

• No change in the Property Manager or Property Management Contract has occurred since the date of the most recent information submitted to Lender with respect thereto, other than has been disclosed in writing to Lender.

• Borrower shall comply with all obligations of Borrower under the Assignment of Property Management Contract.

• Upon replacement of the Property Manager, Borrower shall, and shall cause the new manager of the Property to, execute an Assignment of Property Management Contract in form and substance similar to the Assignment of Property Management Contract executed by the Property Manager.

• Borrower shall not remove or replace the Property Manager (which, with respect to a Property Manager which is an Affiliate of Borrower, shall be deemed to occur upon a change of Control of the Property Manager) or modify or waive any material terms of the Property Management Contract without Lender’s prior written consent and, if requested by Lender, a Rating Confirmation.

• Borrower shall not remove or replace the Property Manager (which, with respect to a Property Manager which is an Affiliate of Borrower, shall be deemed to occur upon a change of Control of the Property Manager) or modify or waive any material terms of the Property Management Contract without Lender's prior written consent and, if requested by Lender, a Rating Confirmation.

More Definitions of Property Management Contract

Property Management Contract means the agreement dated January 1, 2003 between Borrower and Property Manager which provides for the management of the Property for Borrower by Property Manager.

Property Management Contract has the meaning set forth in Section 3.15(e).

Property Management Contract means that certain Property Management Contract entered into on or before the Closing Date between the Company and Property Manager in the form Approved by BH.

Property Management Contract means all rights of Borrower pursuant to that certain Management Agreement regarding the Mortgaged Property dated as of July 20,1998, between Borrower and Janus American Group, Inc.

Property Management Contract or “management agreement” or such other similar term in the Loan Documents shall hereafter refer to the New Management Agreement. The term “Property Manager” or such other similar term in the Loan Documents shall hereafter refer to the Project Manager. New Borrower covenants and agrees to comply with and to cause the Project Manager to comply with all terms and conditions of the Loan Documents concerning the management of the Project from and after the Acquisition Date, including without limitation the obligation to obtain Lender’s consent to the management of the Project by any entity other than Project Manager. Project Manager shall execute and deliver to Lender a subordination of the New Management Agreement in form acceptable to Lender.

Property Management Contract means the management agreement between Property Manager and the Company, reasonably acceptable to the Lender.

Property Management Contract means the property management contract to be entered into by the Company with Planning Associates, a copy of which is attached hereto as EXHIBIT H.