Common use of APPOINTMENT OF AGENT; PRUDENT MANAGEMENT SATISFACTORY TO OHCS Clause in Contracts

APPOINTMENT OF AGENT; PRUDENT MANAGEMENT SATISFACTORY TO OHCS. Owner acknowledges its appointment of Agent, and Agent acknowledges its appointment by Owner, as exclusive Management Agent for Owner with respect to the Project pursuant to the terms of the referenced Management Agreement and subject to the terms of this Agreement and the Project Requirements. Agent will manage, and Owner will ensure management of, the Project in a reasonable and a prudent business manner consistent with this Agreement and the Project Requirements, all in a manner satisfactory to OHCS.

APPOINTMENT OF AGENT; PRUDENT MANAGEMENT SATISFACTORY TO OHCS. Owner acknowledges its appointment of Agent, and Agent acknowledges its appointment by Owner, as exclusive Management Agent management agent for Owner with respect to the Project pursuant to the terms of the referenced Management Agreement and subject to the terms of this Agreement and the Project other applicable Program Requirements. Agent will manage, and Owner will ensure management of, the Project in a reasonable and a prudent business manner consistent with this Agreement and the Project other applicable Program Requirements, all - in a manner satisfactory to OHCS. SECTION 3. COMPLIANCE WITH PROGRAM REQUIREMENTS; RENTAL RATES.