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<br /> � �;� ' (i) L.ender Not Obli�ated Under Management Agreernent. Manager �•
<br /> �"'��;�,,� � further agrees that nothing herein shall impose upon Lender any obligation for
<br /> ,, payment or perfonnance in favor of Manager, unless and until Lender notifies .
<br /> Manager in writing that Lender has elected to assert Owner's rights under the �
<br /> Management A�reement and assume Owner's obligations thereunder from and �r=�-'
<br /> after the effective date of I,ender's notice of such election to Mana�er and Lender `'�`=-`-
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<br /> , has agreed to pay Manager the sums due Ivlanager under the terms of the i.�=.
<br /> Manageanent Agreement from arid after the effective date of Lender's notice of ��#;
<br /> �, such election to Manager. Upon such notification by Lendes to Manager, .,.��
<br /> .� Manager shall continue performing its duties on Lender's behalf in accordance "�`�"�"�`
<br /> 4 with the tcrms of the Management Agreement. leTotwithstending anything �'�===_
<br /> �,�' contained herein to the contrary, Manager acknowledge� and agre�s that Lender
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<br /> shall not be liable far or obligated to perform c�ny obligntions of Own�r under the `����'
<br /> ,� M�nugemen�Agreement (lncluding, w�thout linnitation,the payment of any fees --
<br /> �iue Mnnnger) that accrued ar relate ta any periQd prlor to Lendcr's notIfication ``��
<br /> af Manager that it has elected to assert (hvner's rlghts under the Management �
<br /> Agrecment as set forth above nor shall Lender be liable £or any termination fees t'-
<br /> �r charges thAt may be duc Manager under the Management Agreement in �.•
<br /> cannection with or as a result of any default(s) or event(s)of default by Owner =
<br /> inereunder. —
<br /> ' . � , (j) Lender's_Reliance on Regresentations. Manager has executed this
<br />�;'�-':"-•: Agreement for the purpose of inducing Lender to make the Loan and with full
<br /> ' �� knowledge that Lender shall rely upon the representations,warranties, covenants
<br />`:�yr��,'�".'':: � and agreements herein contained when making the Loan to Horrower and that but -
<br />:",r:;;;���" ;� for this instrument and the representations,wananties,covenants and agreements --
<br />-���-�.N>•f�r �; herein contained, Lender would not take such actions. -
<br /> N.V.
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<br /> �:�:��:�,k_.. ' (k) �ilinQ of Petition of Bankru�tcy. Manager agrees not to cause the -
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<br />__�:�,:.;;;:�, filing of a petition in bankruptcy against Owner or Bonower for non-payment to e
<br />-��?' �`��'��'��. Manager of fees, e:cpenses and exgenditures under the Management Agreement _
<br /> -°��-�� until the payment in full of the Loan and the expiration of a period equal to the � -
<br />-r���-%:�i applicable preference period under rhe federal �ankruptcy Cade (Title 11 of the
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<br /> �`""� United�tates Cad� lus ten 10 da s followin such a ent. �- ---
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<br /> ��� - � 4. si rnent. 11Ranager acknowledges t�at Lender may assign all of -_
<br /> -_=_:;^��:� its right, title and interest in,to and under this Agreernent, together with all of the other =
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<br /> =�:,:��� • �, Loan Documents, to any Person in accardance with the provisions of the Lvan °
<br /> -�:"�.' ' Agreement and M�nager agrees that all of the covenants and agreernents made by �`�"
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<br /> - �r� Manager in the Management Agreement are also for the benefit of Le�nder and its
<br /> � � . successors and assigns provided tha4 Manager is notified in writing of any such successor `
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