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<br /> �;��;;..-� or assi�n. Natwithstanding anything ta the contrary in the Management Agreement,
<br /> •.N�-�' neither the Manager nor the Owner may assigi the Management Agreement without the �
<br /> •;.` .;; . prior written consent of the Lender.
<br /> ��1 S. grior Defenses or Offsets. Manager hereby acknowledges and ���::�
<br /> �; a�rees that it does not have any defenses or offsets to its obligations under the .
<br /> � Managemez�t A�reement or any claim or right agaInst Owner except£or claims or rights �
<br /> �� accri�ing after the date hereof. ;�:a.
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<br /> - 6. Consent o�Owrner. Owner h�s joined herein to evidence its consent
<br /> . � to the agreements of I.ender and/or Manager cotttained in this Agreement. _- �
<br /> ' 7. 'ce . All notices, demands, consents, or requests which are
<br /> `''� either reyuired or desired to be given ar furnished hereunder sh�ll be sent to the �-_
<br /> � apprnpriate party at the address set forth in the preamble to this Agreement and shall be --
<br /> , effective in the manner set forth in the I.aan Agceement. By notice complying wIth this -
<br /> � � . Section, any parry may from time to time change the address to be subsequently =
<br />�"����'` applicable to it. �
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<br />-.'���•�'=-w� 8. Governi�Law. This Agreement shall be governed by and ;,_
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<br /> �:r��:-��� - construed in accordance with the laws of the State in which the Mortgaged Property is _
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<br /> �'���r � located (without giving effect to�uch State's principles of conflicts of Iaws). �
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<br /> _-.-?r;�• 9. Successors. This Agreement shall be binding upon and shall inure i
<br /> �=°' to the bene�it of each party hereto and their respective successors and assigns.
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<br /> -����� 10. Counte arts. This Agre�ment znay be executed in any number of -
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<br />_ counterparts each of which,taken together, shall constitute one and the same original. _
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<br /> -= ��==� ' i l. Te�m. The parties shall be bound by their obligations under this -
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<br /> - Agreement for so long as Bonower remains liable to Lender, or any of its assigns or -
<br /> LL�-� successors, for any indebtedness to Lender, or any or its assigns or successoas. =-
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<br /> " =�- 12. Cc�mt��iar�c,e With�nAn i]�ce�ments. Notwithstanding anything ` W_
<br /> �T�-��� c4irtained herein to the co�trary, Manager shall perform its obligarions under the - -
<br /> �R- _- Management Agreement in a manner which causes Bonower to cornply with any and all _
<br />-`p,�'=�.���,��� � of Borrower's obli�ations under the L,oa�Agreement and the other Loan Documents. _
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<br />'�:;��"�•���_� 13. Time of the A�ssenee. Tirne is of the essence with respect to each --
<br /> ��'�'�'y�i;°�. and eveiy covenant, agreernent and obligation of Manager under this Agreement.
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