Common use of Assignment of Management Agreement and Subordination of Management Fees Clause in Contracts

Assignment of Management Agreement and Subordination of Management Fees. (Operating Agreement) executed by LLC Borrower, PXGL New Borrower, LP Borrower, HIL TRS, LLC, NTC HIL TRS, Mortgage Lender, and ARC Manager, as operator, for the benefit of Mortgage Lender (the “Hilton-Homewood Operating Agreement Subordination”);