Affiliated Manager Sample Clauses

The Affiliated Manager clause defines the rights and responsibilities of a manager who is affiliated with one of the parties to an agreement, such as a subsidiary or parent company. This clause typically clarifies whether such an affiliated entity can act as the manager under the contract, and may outline any conditions or limitations on their authority. For example, it might specify that an affiliated manager must meet certain qualifications or obtain prior written consent before acting. The core function of this clause is to ensure clarity regarding who is permitted to manage or administer aspects of the agreement, thereby preventing disputes over authority and maintaining proper oversight.
Affiliated Manager. For so long as Landlord or any Affiliated Person as to Landlord shall seek to qualify as a “real estate investment trust” under the Code, Tenant: (i) shall remain taxable under the Code as an association taxable as a corporation; (ii) shall not become a direct or indirect subsidiary of InterContinental Hotels Group Resources, Inc. or of any Portfolio Manager; (iii) shall not permit either InterContinental Hotels Groups Resources, Inc. or any Portfolio Manager to become its direct or indirect subsidiary; and (iv) shall not be reorganized, restructured, combined, merged or amalgamated with any Affiliated Person (as to Tenant) in such manner that any such Affiliated Person would, or in Landlord’s judgment could be expected to, adversely affect (including, e.g., by application of any Person’s actual “disregarded entity” status under the Code) any status such Affiliated Person (as to Tenant) may have as a Code Section 856(d)(9)(A) “eligible independent contractor” at a Code Section 856(d)(9)(D) “qualified lodging facility” owned or leased by Landlord (or any Affiliated Person as to Landlord).
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Affiliated Manager. For so long as Landlord or any Affiliated Person as to Landlord shall seek to qualify as a "real estate investment trust" under the Code, Tenant: (i) shall remain taxable under the Code as an association taxable as a corporation; (ii) shall not become a direct or indirect subsidiary of InterContinental Hotels Group Resources, Inc. or of IHG Management (Maryland) LLC; (iii) shall not permit either InterContinental Hotels Groups Resources, Inc. or IHG Management (Maryland) LLC to become its direct or indirect subsidiary; and (iv) shall not be reorganized, restructured, combined, merged or amalgamated with any Affiliated Person (as to Tenant) in such manner that any such Affiliated Person would, or in Landlord's judgment could be expected to, adversely affect (including, e.g., by application of any Person's actual "disregarded entity" status under the Code) any status such Affiliated Person (as to Tenant) may have as a Code Section 856(d)(9)(A) "eligible independent contractor" at a Code Section 856(d)(9)(D) "qualified lodging facility" owned or leased by Landlord (or any Affiliated Person as to Landlord). [Signature page follows]
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Affiliated Manager. Four O Group, LLC and the ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ Revocable Trust dated February 25, 1983, as amended and/or restated, shall be the sole members of Affiliated Manager. Affiliated Manager shall be a single purpose entity, without material assets. Affiliated Manager shall be the sole manager of Borrower.
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Affiliated Manager. If (i) Landlord elects to continue the Management Agreement as provided in Section 3.2 above, and (ii) Manager is an Affiliate of Tenant or Guarantor, then during the continuance of an Event of Default Manager shall continue to perform its obligations pursuant to the Management Agreements but, (i) Manager shall not be entitled to receive management fees, incentive fees or other compensation or other payments in consideration for its management services for the Property, and (ii) shall only be entitled to receive reimbursement from Tenant for Manager’s reasonable out-of-pocket costs and expenses in managing the Property, provided that, each Subtenant shall have the right to terminate the applicable Management Agreement upon thirty (30) days prior written notice.
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Affiliated Manager. 2 AGENT............................................. 1
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Affiliated Manager. 74 LEASE AGREEMENT THIS LEASE AGREEMENT is entered into as of this _____ day of ________ __, 2005, by and between HPT IHG PR, INC., a Puerto Rico corporation, as landlord ("Landlord"), and INTERCONTINENTAL HOTELS (PUERTO RICO) INC., a [____________] corporation, as tenant ("Tenant").
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Affiliated Manager. Except as otherwise provided in this Agreement, each Affiliated Manager shall have the authority individually to bind the Company on any issue, matter, or agreement, other than matters explicitly requiring the approval of a majority of the Managers in this Agreement. Unless otherwise provided by this Agreement, all documents, contracts, agreements or other written instruments may be executed by the signature of one (1) Affiliated Manager.
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Related to Affiliated Manager

  • Affiliate As used in this Agreement, the term “affiliate” shall mean any entity which owns or controls, is owned or controlled by, or is under common ownership or control with, Company.

  • Affiliated Entities As used in this Agreement, "Company" shall include the Company and each corporation, limited liability company, partnership, or other entity that is controlled by the Company, or is under common control with the Company (in each case "control" meaning the direct or indirect ownership of 50% or more of all outstanding equity interests), provided, however, that the Executive's title need not be identical for each of the affiliated entities nor the same as that for the Company.

  • Manager 5.1. Rules relating to the rights, duties and responsibilities of the Managers shall be governed by the Act. Such provisions are hereinafter incorporated into this Agreement by reference. Without limiting the generality of the foregoing, the Manager shall have the powers set forth in Paragraph 5.3 below.

  • Affiliate or Affiliated With respect to any Person, (i) any Person directly or indirectly owning, controlling or holding, with the power to vote, ten percent (10%) or more of the outstanding voting securities of such other Person; (ii) any Person ten percent (10%) or more of whose outstanding voting securities are directly or indirectly owned, controlled or held, with the power to vote, by such other Person; (iii) any Person directly or indirectly controlling, controlled by or under common control with such other Person; (iv) any executive officer, director, trustee or general partner of such other Person; and (v) any legal entity for which such Person acts as an executive officer, director, trustee or general partner.

  • Management Company The UCITS and its Sub-Funds are managed by the Management Company, in accordance with this Unit Trust Agreement for the account, and in the sole interest, of the Unitholders. In accordance with the applicable laws and regulations and this Unit Trust Agreement, the Management Company is entitled to dispose of the assets of the UCITS / Sub-Funds and to exercise any and all rights thereunder.