Common use of Default by Manager or Company Clause in Contracts

Default by Manager or Company. Either the Manager or the Company ("the Non-Defaulting Party") may terminate this Agreement forthwith by notice to the other, if the other ("the Defaulting Party") commits or is or becomes subject to any of the following events (provided that if the Manager is the Defaulting Party any decision by the Company to terminate this Agreement shall be required to be a made by a unanimous decision of all the Directors for the time being):

Appears in 3 contracts

Samples: Management Agreement, Management Agreement, Management Agreement

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Default by Manager or Company. Either the Manager or the Company ("the Non-Defaulting Party") may terminate this Agreement forthwith by notice to the other, if the other ("the Defaulting Party") commits or is or becomes subject to any of the following events (provided that if the Manager is the Defaulting Party any decision by the Company to terminate this Agreement 61 See Deed of Amendment dated 19 December 1995. shall be required to be a made by a unanimous decision of all the Directors for the time being):

Appears in 1 contract

Samples: Management Agreement

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