Lender's Right to Terminate. (i) During the continuance of an Event of Default under the Loan Agreement, Manager shall, at the request of Lender, continue performance, on behalf of Lender, of all of Manager’s obligations under the terms of the Management Agreements, notwithstanding any counterclaim, right of set-off, claim for additional payment, defense or like right of Manager against any TRS Lessee or any TRS Lessee’s default (including non-payment) under, or breach of, any of the Management Agreements, provided, that Lender sends to Manager the notice set forth in Section 3(h) hereof and performs or causes to be performed the obligations of TRS Lessees to Manager under the applicable Management Agreements (including payment of any management fees) accruing or arising from and after, and with respect to the period commencing upon, the effective date of such notice.
Lender's Right to Terminate. Upon the occurrence of a Cash Management Event, Manager shall, at the request of Lender, continue performance, subject to Paragraph 3(d) hereof, on behalf of Lender, of all of Manager's obligations under the terms of the Management Agreement with respect to the Property, provided that Lender gives Manager the notice provided for in Paragraph 3(j) hereof and Lender (or Borrower) performs or causes to be performed the obligations of Borrower to Manager under the Management Agreement accruing or arising from and after, and with respect to the period commencing upon, the effective date of such notice. Notwithstanding anything contained in the Management Agreement to the contrary, Lender, or Borrower at Lender's direction pursuant to the Loan Documents, shall have the right to terminate the Management Agreement upon, or at any time after, Lender or any third party acquires the Property, whether by foreclosure, deed-in-lieu of foreclosure or otherwise, by giving Manager thirty (30) days' prior written notice of such termination, in which event Manager shall resign as manager of the Property effective upon the end of such thirty (30)-day period. Manager agrees not to look to Lender for payment of any accrued but unpaid fees relating to the Property accruing from and after the effective date of such termination.
Lender's Right to Terminate. In the event Borrower shall not have satisfied the conditions precedent to its entitlement to the disbursement of the Loan proceeds hereunder within sixty (60) days of the date hereof, Lender shall have the absolute right, at its option, to terminate its obligations under this Agreement and the loan commitment represented hereby by notice to Borrower.
Lender's Right to Terminate. Upon the ------------------------------ occurrence and continuance of an Event of Default, Manager shall, at the request of Lender, continue performance on behalf of Lender of all of Manager's obligations under the terms of the Management Agreement with respect to the Property, provided Lender sends to Manager the notice set forth in paragraph 3(g) hereof and performs or causes to be performed the obligations of Borrower to Manager under the Management Agreement accruing or arising from and after, and with respect to the period commencing upon, the effective date of such notice. Upon, or at any time after an Event of Default and continuance thereof, Lender shall have the right to terminate the Management Agreement by giving Manager thirty (30) days' prior written notice of such termination, in which event Manager shall resign as manager of the Property effective upon the end of such thirty (30) day period and Lender shall neither be bound nor obligated to perform the covenants and obligations of Borrower under the Management Agreement. Without limiting Manager's rights against Borrower, Manager agrees not to look to Lender for payment of any accrued but unpaid management fees relating to the Property accruing prior to the effective date of the notice set forth in paragraph 3(g) hereof or those which may occur prior to any notice of termination if such notice is prior to the notice set forth in paragraph 3(g) hereof.
Lender's Right to Terminate. Lender may terminate the financing arrangements under this Agreement and the other Loan Documents at any time, without demand, notice or legal process of any kind, upon the occurrence of an Event of Default; provided, however, that Lender shall retain the right to payment of the Obligations in accordance with Section 3.1 above; and provided further that all of Lender's rights and remedies under this Agreement and the other Loan Documents shall survive such termination until all of the Obligations have been paid in full. On or before the termination date, Borrower shall pay the Obligations to Lender in full in immediately available funds together with the prepayment fee specified in Section 2.13 of this Agree- ment.
Lender's Right to Terminate. Lender may terminate the financing arrangements under this Agreement and the other Loan Documents at any time, without demand, notice or legal process of any kind, upon the occurrence of an Event of Default; provided, however, that Lender shall retain the right to payment of the Loans; and provided further that all of Lender's rights and remedies under this Agreement and the Loan Documents shall survive such termination until the Loans have been paid in full. On or before the termination date, Borrower shall pay the Loans to Lender in full in immediately available funds.
Lender's Right to Terminate. Notwithstanding anything contained in the Lease to the contrary, Lender, or Borrower at Lender’s, shall have the right to terminate the Lease if at any time, (a) Master Lessee shall become insolvent or a debtor in a bankruptcy proceeding, (b) an Event of Default has occurred and is continuing, or (c) a default has occurred and is continuing under the Lease, by giving Master Lessee thirty (30) days’ prior written notice of such termination, in which event Master Lessee shall resign as manager of the Property effective upon the end of such thirty (30)-day period. Master Lessee agrees not to look to Lender for payment of any accrued but unpaid fees relating to the Property accruing from and after the effective date of such termination.
Lender's Right to Terminate. Lender may terminate the financing arrangements under this Agreement and the other Loan Documents: (a) at any time, by giving Borrowers written notice of such termination in the manner set forth in Section 14.3 below at least sixty (60) days prior thereto; or (b) at any time, without demand, notice or legal process of any kind, upon or after the occurrence of an Event of Default; provided, however, (i) upon the occurrence of an Event of Default specified in Section 11.1(f) hereof, this Agreement shall automatically be terminated without notice or demand by Lender; (ii) Lender shall retain the right to demand payment of the Obligations in accordance with Section 3.1 above; and (iii) all of Lender’s rights and remedies under this Agreement and the other Loan Documents shall survive such termination until all of the Obligations, including any applicable Early Termination Fee, have been paid in full. On or before the termination date, Borrowers shall pay the Obligations, including any applicable Early Termination Fee, to Lender in full in immediately available funds.
Lender's Right to Terminate. Upon the occurrence of a Cash Management Event, Manager shall, at the request of Lender, continue performance, subject to Paragraph 3(d) hereof, on behalf of Lender, of all of Manager's obligations under the terms of the Management Agreement with respect to the Property, provided that Lender gives Manager the notice provided for in Paragraph 3(j) hereof and Lender (or Borrower) performs or causes to be performed the obligations of Borrower to Manager under the Management Agreement accruing or arising from and after, and with respect to the period commencing upon, the effective date of such notice. Notwithstanding anything contained in the Management Agreement to the contrary, Lender, or Borrower at Lender's direction pursuant to the Loan Documents, shall have the right to terminate the Management Agreement upon, or at any time after an Event of Default, by giving Manager thirty (30) days' prior written notice of such termination, in which event Manager shall resign as manager of the Property effective upon the end of such thirty (30)-day period. Manager agrees not to look to Lender for payment of any accrued but unpaid fees relating to the Property accruing from and after the effective date of such termination.
Lender's Right to Terminate. In the event the Initial Advance is not made within ninety (90) days of the date hereof, the Required Lenders shall have the absolute right, at their option, to terminate Lenders' obligations to Borrower under this Agreement and the loan commitment represented hereby. In the event of such termination, the Required Lenders shall direct Administrative Agent to send notice thereof to the other Lenders and Borrower.
