Management Term. This Agreement shall commence as of _________, 1994 and, unless sooner terminated as provided herein, shall thereafter continue for a consecutive twelve (12) month period. Thereafter, unless Owner elects not to renew this Agreement by written notice to Manager no later than thirty (30) days prior to the end of any current term, this Agreement shall be automatically renewed for successive terms, each with a duration of one year unless otherwise terminated, as set forth below. Notwithstanding the foregoing, at any time during the management term, Owner and Manager shall each have the absolute right and power to terminate this Agreement, with or without cause, upon sixty (60) days' prior written notice to the non-terminating party. Owner shall have the absolute right to immediately remove Manager from the Property upon delivery of said sixty (60) day notice, however, unless terminated for cause as set forth below Manager shall be entitled to receive a management fee for the subsequent sixty (60) day period consistent with the terms and conditions set forth in Section 2.2 below.
Management Term. This Agreement shall commence upon the consummation of an acquisition by the Company, through a purchase, asset acquisition or other business combination, of one or more commercial real estate properties and/or assets, including by acquisition of an operating company (the “Effective Date”) and, unless sooner terminated as provided herein, shall thereafter continue for a consecutive twelve (12) month period. Unless either party elects not to renew this Agreement by written notice to the other no later than thirty (30) days prior to the end of any current term, this Agreement shall be automatically renewed for successive terms, each with a duration of one year unless otherwise terminated, as set forth below. Notwithstanding the foregoing, at any time during the management term, Owner and Manager shall each have the absolute right and power to terminate this Agreement, with or without cause, upon sixty (60) days’ prior written notice to the non-terminating party. Owner shall have the absolute right to immediately remove Manager from any or all of the Properties upon delivery of said sixty (60) day notice; however, unless terminated for cause as set forth below, Manager shall be entitled to receive a Management Fee for the subsequent sixty (60) day period consistent with the terms and conditions set forth in Section 2.2 below.
Management Term. Through December 31, 2013, subject to the right of either party to terminate this Schedule E (with no requirement of Cause [as defined below] or an Acquisition Co. Default [as defined below]) at any time on 90 days prior written notice (the “90 Day Notice’) delivered by the party terminating this Schedule E to the other party; provided that, except in the event of an Acquisition Co. Default, Manager may not deliver a 90 Day Notice prior to October 1st, 2011. In addition, this Schedule E shall automatically terminate on June 30, 2012, in the event of a “Failure to Agree Termination” (as defined in Paragraph 10 below). Notwithstanding the foregoing, the management term and this Schedule E may be terminated at any time by: (i) Acquisition Co. on five (5) business days’ prior written notice for Cause; or (ii) by Manager on five (5) business days’ prior written notice in the event of an Acquisition Co. Default. Furthermore, notwithstanding the foregoing, if Manager delivers a 90 Day Notice to Acquisition Co. which would result in the termination of this Schedule E effective as of any date prior to March 31, 2012, Acquisition Co. shall have the right to provide written notice to Manager, delivered no later than five (5) business days following delivery by Manager of the 90 Day Notice, extending until March 31, 2012 the termination date provided for by Manager in the 90 Day Notice (the period between the effective date of termination set forth by Manager in the 90 Day Notice and March 31, 2012 is referred to herein as the “Extension Period”). Notwithstanding anything contained herein or the Settlement Agreement to the contrary, in the event of a Material Breach (as defined below) by Manager under this Schedule E which occurs during the Extension Period, if applicable, the sole remedy of Acquisition Co. (and KBS) as a result of such Material Breach is: (i) a termination of this Schedule E and the forfeiture by Manager of the Threshold Value Profits Participation (as defined below), such forfeiture being liquidated damages and not as a penalty (it being acknowledged by the parties that actual damages are incapable of being ascertained) and, (ii) the right of Acquisition Co. to seek actual damages against Manager (but no other person or entity) in the event of fraud, misappropriation of funds or embezzlement against Acquisition Co. committed by Manager in its corporate capacity (as distinguished from the acts of any employees of Manager which are taken without compl...
Management Term. The Management Term of this Agreement shall commence on September 1, 2013 and shall continue in effect, unless earlier terminated as set forth in Sections 17 and 26 below, for a period of three years through August 31, 2016. In the event this Agreement is not canceled by the City by notifying SMG in writing of such election at least 180 days prior to August 31, 2016, the term of this Agreement shall extend for an additional three year period.
Management Term. The “Management Term” shall commence on the Closing Date and terminate on the earlier of (i) the Contingent Consideration Termination Date, or (ii) termination of this Agreement, in accordance with Section 8 of this Agreement.
Management Term. Except as may otherwise be noted herein, this --------------- Agreement shall remain in full force and effect for an initial term commencing on February 1, 2000, and ending on July 30, 2000, after which this Agreement may be extended in six-month increments upon the joint written agreement of Owner and Operator. The obligations of the parties hereunder shall survive the expiration of the Management Term; however, upon the expiration of the Management Term, the Operator shall no longer manage the Business.
Management Term. Section 7.9 MSDS.................................................................................................Section 4.2(c) Non-Competition Agreement............................................................................Section 6.1(i) Oil Analyzers..........................................................................................Section 7.11 Parent.....................................................................................................
Management Term. The engagement hereunder shall be for an initial term commencing on the date the Offering is consummated (the "Retention Date") and expiring on the fifth anniversary thereof and shall automatically be extended for successive periods of one (1) year each, unless the Management Company or JR Cigar shall give written notice of termination of the engagement at the end of the initial term or such one (1) year period, as the case may be, to the other at least ninety (90) days prior to the end of the initial term or such one (1) year period, as the case may be, in which case the engagement hereunder shall terminate at the end of the initial term or such one (1) year period, as the case may be.
Management Term. 8 Section 3.1
Management Term. The “Management Term” will be a period of five (5) consecutive fiscal years, commencing as of May 1, 2018. The NRD, at its option, and by a written notice given to the Licensee at least three (3) months prior to the end of the Management Term, or at least three (3) months prior to the end of any extension thereof, may extend the Management Term for an additional consecutive five (5) year periods. Either party may terminate this Agreement without cause at any time upon three (3) months prior written notice of termination given to the other party.
