Assignment Of Management Agreement

The lender also received fully executed counterparties from the borrower for the assignment of an agreement and other loan documents. . In accordance with the provisions of the applicable subordination, the Attornment and Security Agreement and/or the assignment of the administrative agreement, Lender and any person designated by Tel have the right to enter the applicable individual property at any time and from time to time for the purpose of such a measure. If the lender accepts the appointment of a new property manager, the new property manager and the borrower will execute as a precondition to the lender`s agreement an assignment of the management agreement in a form acceptable to the lenders. The new manager and borrower is transferring the administrative agreement as used by Lender.