Action Upon Termination. From and after the effective date of any termination of this Agreement, the Manager shall be entitled to no compensation for services rendered hereunder for the remainder of the then-current term of this Agreement, but shall be paid, on a pro rata basis as set forth in this Section 21, all compensation due for services performed prior to the effective date of such termination, including without limitation, a pro-rata portion of the current year’s Incentive Fee (except as otherwise provided below). Upon such termination, the Manager shall as promptly as practicable:
Appears in 7 contracts
Samples: Business Management Agreement (Senior Housing Properties Trust), Business Management Agreement (Hospitality Properties Trust), Business Management Agreement (Government Properties Income Trust)
Action Upon Termination. From and after the effective date of any termination of this AgreementAgreement pursuant to Section 18 hereof, the Manager shall be entitled to no compensation for services rendered hereunder for the pro-rata remainder of the then-current term of this Agreement, but shall be paid, on a pro rata basis as set forth in this Section 2119, all compensation due for services performed prior to the effective date of such termination, including without limitation, a pro-rata portion of the current year’s Incentive Fee (except as otherwise provided below)Fee. Upon such termination, the Manager shall as promptly as practicable:
Appears in 7 contracts
Samples: Business Management Agreement (Select Income REIT), Business Management Agreement (CommonWealth REIT), Business Management Agreement (Government Properties Income Trust)
Action Upon Termination. From and after the effective date of any termination of this AgreementAgreement pursuant to Section 17 hereof, the Manager shall be entitled to no compensation for services rendered hereunder for the pro-rata remainder of the then-current term of this Agreement, but shall be paid, on a pro rata basis as set forth in this Section 2118, all compensation due for services performed prior to the effective date of such termination, including without limitation, a pro-rata portion of the current year’s Incentive Fee (except as otherwise provided below)Fee. Upon such termination, the Manager shall as promptly as practicable:
Appears in 6 contracts
Samples: Business Management Agreement (Government Properties Income Trust), Business Management Agreement (Government Properties Income Trust), Business Management Agreement (Government Properties Income Trust)
Action Upon Termination. From and after the effective date of any termination of this AgreementAgreement pursuant to Section 17 or 18, the Manager shall not be entitled to no compensation for further services rendered hereunder for the remainder of the then-current term of this Agreementpursuant to Section 10 or 11, but the Manager shall be paid, on a pro rata basis as set forth in this Section 21, paid all compensation due for services performed prior to the effective date of such terminationtermination and, including without limitationif this Agreement is terminated pursuant to Section 18(b) or not renewed pursuant to Section 17(b), a pro-rata portion of the current year’s Incentive Fee (except as otherwise provided below)Termination Fee. Upon such termination, the Manager shall shall, as promptly as practicable:
Appears in 4 contracts
Samples: Management Agreement (RMR Mortgage Trust), Management Agreement (Tremont Mortgage Trust), Form of Management Agreement (Tremont Mortgage Trust)
Action Upon Termination. From and after the effective date of any termination of this AgreementAgreement pursuant to Section 17 hereof, the Manager shall be entitled to no compensation for services rendered hereunder for the remainder of the then-current term of this Agreement, but shall be paid, on a pro rata basis as set forth in this Section 21basis, all compensation due for services performed prior to the effective date of such termination, including including, without limitation, a pro-pro rata portion of the then current year’s Incentive Fee (except as otherwise provided below)Fee. Upon such termination, the Manager shall as promptly as practicableimmediately shall:
Appears in 2 contracts
Samples: Business Management Agreement (Senior Housing Properties Trust), Business Management Agreement (Senior Housing Properties Trust)
Action Upon Termination. From and after the effective date of any termination of this Agreement, the Manager shall be entitled pursuant to no compensation for services rendered hereunder for the remainder of the then-current term of this Agreement, but shall be paid, on a pro rata basis as set forth in this Section 21, all compensation due for services performed prior to the effective date of such termination, including without limitation, a pro-rata portion of the current year’s Incentive Fee (except as otherwise provided below). Upon such termination18 hereof, the Manager shall as promptly as practicablenot be entitled to compensation for further service rendered hereunder but shall be paid all compensation and reimbursed for all expenses accrued through the date of termination. The Manager shall forthwith upon such termination:
Appears in 2 contracts
Samples: Management Agreement (Charter Municipal Mortgage Acceptance Co), Management Agreement (Charter Municipal Mortgage Acceptance Co)
Action Upon Termination. From and after the effective date of any termination of this AgreementAgreement pursuant to Section 17 hereof, the Manager shall be entitled to no compensation for services rendered hereunder for the remainder of the then-current term of this Agreement, but shall be paid, on a pro rata basis as set forth in this Section 21basis, all compensation due for services performed prior to the effective date of such termination, including without limitation, a pro-rata portion of the current year’s Incentive Fee (except as otherwise provided below). Upon such termination, the Manager shall as promptly as practicableimmediately shall:
Appears in 2 contracts
Samples: Business Management Agreement (Hospitality Properties Trust), Business Management Agreement (Hospitality Properties Trust)
Action Upon Termination. From and after the effective date of any termination of this Agreement, the Manager shall be entitled to no compensation for services rendered hereunder for the remainder of the then-then current term of this Agreement, but shall be paid, on a pro rata basis as set forth in this Section 2116, all compensation due for services performed prior to the effective date of such termination, including without limitation, a pro-rata portion of the current year’s Incentive Fee (except as otherwise provided below). Upon such termination, the Manager shall as promptly as practicable:
Appears in 1 contract
Action Upon Termination. From and after the effective date of any termination of this AgreementAgreement pursuant to Section 16 hereof, the Manager shall be entitled to no compensation for services rendered hereunder for the remainder of the then-current term of this Agreement, but shall be paid, on a pro rata basis as set forth in this Section 21basis, all compensation due for services performed prior to the effective date of such termination, including including, without limitation, a pro-pro rata portion of the then current year’s 's Incentive Fee (except as otherwise provided below)Fee. Upon such termination, the Manager shall as promptly as practicableimmediately shall:
Appears in 1 contract
Samples: Business Management Agreement (Senior Housing Properties Trust)
Action Upon Termination. From and after the effective date of any termination of this AgreementAgreement pursuant to Section 16 hereof, the Manager shall be entitled to no compensation for services rendered hereunder for the remainder of the then-current term of this Agreement, but shall be paid, on a pro rata basis as set forth in this Section 21basis, all compensation due for services performed prior to the effective date of such termination, including without limitation, a pro-rata portion of the current year’s Incentive Fee (except as otherwise provided below). Upon such termination, the Manager shall as promptly as practicableimmediately shall:
Appears in 1 contract
Samples: Business Management Agreement (Hospitality Properties Trust)
Action Upon Termination. From and after the effective date of any termination of this AgreementAgreement pursuant to Section 17 hereof, the Manager shall be entitled to no compensation for services rendered hereunder for the pro-rata remainder of the then-current term of this Agreement, but shall be paid, on a pro rata basis as set forth in this Section 21basis, all compensation due for services performed prior to the effective date of such termination, including without limitation, a pro-rata portion of the current year’s Incentive Fee (except as otherwise provided below). Upon such termination, the Manager shall as promptly as practicable:
Appears in 1 contract
Samples: Management Agreement (Tortoise Capital Resources Corp)
Action Upon Termination. From and after the effective date of any termination of this Agreement pursuant to Section 17 of this Agreement, the Manager shall not be entitled to no compensation for further services rendered hereunder for the remainder of the then-current term of under this Agreement, but shall be paid, on a pro rata basis as set forth in this Section 21, paid all compensation due for services performed prior accruing to the effective date of such terminationtermination and, including without limitationif terminated pursuant to Section 17(b) or 17(d) of this Agreement, a pro-rata portion of the current year’s Incentive applicable Termination Fee (except as otherwise provided belowif any). Upon such termination, the Manager shall as promptly as practicableforthwith:
Appears in 1 contract