1Termination. Provided that the Operating Partnership is not in default, this Agreement may be terminated prior to the Closing Date at the Operating Partnership’s option (and the Xxxxxxx Money immediately returned to the Operating Partnership in full) in the event of any of the following occurrences: 7.1. 1The Contributor fails to comply with any of the Contributor’s obligations hereunder;
Appears in 4 contracts
Samples: Contribution Agreement (Lodging Fund REIT III, Inc.), Contribution Agreement (Lodging Fund REIT III, Inc.), Contribution Agreement (Lodging Fund REIT III, Inc.)
1Termination. Provided that the Operating Partnership is not in default, this Agreement may be terminated prior to the Closing Date at the Operating Partnership’s option (and the Xxxxxxx Money immediately returned to the Operating Partnership in full) in the event of any of the following occurrences:
7.16.1. 1The Contributor fails to comply with any of the Contributor’s its covenants, agreements or obligations hereunderunder this Agreement;
Appears in 2 contracts
Samples: Contribution Agreement (Medalist Diversified REIT, Inc.), Contribution Agreement (Medalist Diversified REIT, Inc.)
1Termination. Provided that the Operating Partnership is not in default, this Agreement may be terminated prior to the Closing Date at the Operating Partnership’s option (and the Xxxxxxx Money immediately returned to the Operating Partnership in full) in the event of any of the following occurrences:
7.1. 1The Contributor fails to comply with any of the Contributor’s obligations hereunderhereunder after any applicable cure periods;
Appears in 1 contract
Samples: Contribution Agreement (Lodging Fund REIT III, Inc.)
1Termination. Provided that the Operating Partnership is not in default, this Agreement may be terminated prior to the Closing Date at the Operating Partnership’s option following any applicable cure period (and the Xxxxxxx Money immediately returned to the Operating Partnership in full) in the event of any of the following occurrences:
7.1. 1The Contributor fails to comply with any of the Contributor’s obligations hereunder;
Appears in 1 contract
Samples: Contribution Agreement (Lodging Fund REIT III, Inc.)
1Termination. Provided that the Operating Partnership is not in default, this Agreement may be terminated prior to the Closing Date at the Operating Partnership’s option (and the Xxxxxxx Money immediately returned to the Operating Partnership in full) in the event of any of the following occurrences:
7.1. 1The 7.1.1 The Contributor fails to comply with any of the Contributor’s obligations hereunder;
Appears in 1 contract
Samples: Contribution Agreement (Lodging Fund REIT III, Inc.)
1Termination. Provided that the Operating Partnership is not in default, this Agreement may be terminated prior to the Closing Date at the Operating Partnership’s option (and the Xxxxxxx Money immediately returned to the Operating Partnership in full) in the event of any of the following occurrences::
7.1. 1The Contributor fails to comply with any of the Contributor’s obligations hereunder, and Operating Partnership has given thirty (30) days written notice;
Appears in 1 contract
Samples: Contribution Agreement (Lodging Fund REIT III, Inc.)
1Termination. Provided that the Operating Partnership is not in default, this Agreement may be terminated prior to the Closing Date at the Operating Partnership’s option (and the Xxxxxxx Money immediately returned to the Operating Partnership in full) in the event of any of the following occurrences::
7.1. 1The Contributor fails to comply with any of the Contributor’s obligations hereunder, and Operating Partnership has given thirty (30) days written notice;
Appears in 1 contract
Samples: Contribution Agreement (Lodging Fund REIT III, Inc.)
1Termination. Provided that the Operating Partnership is not in default, this Agreement may be terminated prior to the Closing Date at the Operating Partnership’s option (and the Xxxxxxx Money immediately returned to the Operating Partnership in full) in the event of any of the following occurrences::
7.1. 1The Contributor fails to comply with any of the Contributor’s obligations hereunder;;
Appears in 1 contract
Samples: Contribution Agreement (Lodging Fund REIT III, Inc.)
1Termination. Provided that the Operating Partnership is not in default, this Agreement may be terminated prior to the Closing Date at the Operating Partnership’s option (and the Xxxxxxx Money immediately returned to the Operating Partnership in full) in the event of any of the following occurrences:
7.1. 1The Contributor fails to comply with any of the Contributor’s obligations hereunderhereunder related to the contribution of the Property;
7.1. 2Notice of termination given by the Operating Partnership pursuant to any express right to do so under this Agreement; and
7.1. 3Any other right of termination expressly provided for in this Agreement.
Appears in 1 contract
Samples: Contribution Agreement (Lodging Fund REIT III, Inc.)
1Termination. Provided that the Operating Partnership is not in default, this Agreement may be terminated prior to the Closing Date at the Operating Partnership’s option (and the Xxxxxxx Money immediately returned to the Operating Partnership in full) in the event of any of the following occurrences:
7.1. 1The Contributor fails to comply with any of the Contributor’s obligations hereunder;:
Appears in 1 contract
Samples: Contribution Agreement (Lodging Fund REIT III, Inc.)
1Termination. Provided that the Operating Partnership is not in default, this Agreement may be terminated prior to the Closing Date at the Operating Partnership’s option (and the Xxxxxxx Money immediately returned to the Operating Partnership in full) in the event of any of the following occurrences:
7.1. 1The Contributor fails to comply with any of the Contributor’s obligations hereunderhereunder related to the contribution of the Property;
7.1. 2Notice of termination given by the Operating Partnership pursuant to any express right to do so under this Agreement; and
7.1. 3Any other right of termination expressly provided for in this Agreement.
Appears in 1 contract
Samples: Contribution Agreement (Lodging Fund REIT III, Inc.)