Common use of Management of Mortgaged Property Clause in Contracts

Management of Mortgaged Property. Without the prior written -------------------------------- consent of the Lender, the Borrower will not execute a Management Agreement or retain a manager to manage the Facility. Upon thirty (30) days written request from Lender to Operator, Operator will enter into a Management Agreement with a manager identified by Lender, (i) upon the occurrence of an Event of Default or (ii) in the event that, as of the last day of a calendar quarter, the Debt Service Coverage Ratio for the Facility, computed on the basis of the prior twelve (12) calendar months, is less than 1.

Management of Mortgaged Property. Without the prior written -------------------------------- consent of the Lender, the Borrower will not execute a Management Agreement or retain a manager to manage the Facility. Upon thirty (30) days written request from Lender to Operator, Operator will enter into a Management Agreement with a manager identified by Lender, (i) upon the occurrence of an Event of Default or (ii) in the event that, as of the last day of a calendar quarter, the Debt Service Coverage Ratio for the Facility, computed on the basis of the prior twelve (12) calendar months, is less than 1.