Services Contracts. 3.7.1 Glenborough is authorized to enter into any Service Contracts or other contracts in connection with the Services to be provided hereunder as attorney in fact for Rancon. 3.7.2 All contracts entered into in connection with the Services shall: (a) be in the name of Rancon; (b) be assignable, at Rancon’s option, to Rancon’s nominee; (c) include a provision for cancellation thereof by Rancon upon not more than thirty (30) days written notice (any exception to this provision must have the prior written consent of Rancon); and (d) if applicable, require that all contractors provide evidence of insurance sufficient to meet the requirements of Section 5.3.
Appears in 4 contracts
Sources: Property Management and Services Agreement, Property Management and Services Agreement (Rancon Realty Fund Iv), Property Management and Services Agreement (Rancon Income Fund I)