Manager Termination. Manager shall have the right to terminate this Agreement prior to the end of any Term, by written notice to Company, stipulating the intended date of termination, upon the occurrence of any one of the following events: (i) in the event of a Company Default (defined herein); (ii) any grossly negligent or intentional or willful misconduct by Company; (iii) any Federal enforcement action described in Section 21 against Company; (iv) any change or revocation of State or local law, or any adverse change in the enforcement policies of the Federal government pertaining to the operation of a crowdfunding platform; or (v) Company’s failure to maintain its crowdfunding platform license in good standing resulting in revocation of its Crowdfunding Platform License.
Manager Termination. Concurrently with the Close of Escrow, Manager shall have vacated (or shall have taken all steps reasonably necessary to be prepared to, immediately after the Close of Escrow, vacate) the Property (provided, however, if Purchaser enters into a transition management arrangement with Manager, then Manager’s vacation of the Property shall not be a condition precedent to Purchaser’s obligation to acquire the Property). Purchaser’s conditions are solely for the benefit of Purchaser and may be waived only by Purchaser. Any such waiver or waivers shall be in writing and shall be delivered to Seller and Escrow Holder. Purchaser shall not act or fail to act for the purpose of permitting or causing any of Purchaser’s conditions to fail. Nothing contained in this Agreement shall require or permit Purchaser or Seller to postpone the Closing Date or to bring any suit or other proceeding or, except as otherwise expressly required by this Agreement, to pay any substantial sum, to satisfy any of Purchaser’s conditions. In the event that any of the foregoing conditions to Purchaser’s obligations hereunder are not satisfied by the Close of Escrow, Purchaser shall have the right (1) in the event such failure of a condition arises as a result of a default of Seller, to exercise its rights under Section 16(a) of this Agreement, or (2) in the event such failure of a condition arises for any reason other than a result of a default of Seller, either (A) terminate this Agreement, in which event the parties shall not have any obligations to the other except for their obligations that expressly survive a termination of this Agreement, all other rights and obligations of the parties hereunder (except those set forth in this clause (A)) shall terminate immediately, and the Deposit shall be returned to Purchaser; or (B) to irrevocably waive such condition and proceed to Closing; provided, however, notwithstanding anything to the contrary set forth in this Agreement, in no event shall Seller be deemed to have breached or defaulted under this Agreement in the event Manager shall have failed (for any reason or no reason) to vacate (or shall have failed to have taken all steps reasonably necessary to be prepared to, immediately after the Close of Escrow, vacate) the Property so long as Seller shall have satisfied the requirements of Section 7(f) of this Agreement.
Manager Termination. Cedar shall have received a termination, in form reasonably satisfactory to Cedar (the "Manager Termination") of the management agreement, dated as of March 24, 1997, entered into with Tower Investments, Inc. ("Existing Property Manager"), duly executed by Existing Property Manager and the Owners to be dated as of the Closing Date.
Manager Termination. If (a) an Event of Default occurs and is continuing, (b) the Manager, Golf Manager or Spa Manager shall become bankrupt or insolvent or (c) a material default occurs under the Management Agreement, the Golf Management Agreement or the Spa Management Agreement beyond any applicable grace and cure periods, Issuers shall, at the request of Servicer on behalf of Trustee, terminate the Management Agreement, the Golf Management Agreement or the Spa Management Agreement and replace the Manager, Golf Manager or Spa Manager with a Qualified Manager, Qualified Golf Manager or Qualified Spa Manager pursuant to a Replacement Management Agreement, Replacement Golf Management Agreement or Replacement Spa Management Agreement, as applicable.
Manager Termination. The Manager may terminate this Contract under Clause 7.0 b, and charge the Owner a termination fee of $200.00, plus costs, if the Manager has already recruited two or more qualified tenants to the Owner’s consideration but none of these prospective tenants are accepted by the Owner.
Manager Termination. Manager shall have the right to terminate this Agreement prior to the end of any Term, by written notice to Company, stipulating the intended date of termination, upon the occurrence of any one of the following events: (i) in the event of a Company Default (defined herein); (ii) any grossly negligent or intentional or willful misconduct by Company; (iii) any Federal enforcement action described in Section 21 against Company; (iv) any change or revocation of State or local law, or any adverse change in the enforcement policies of the Federal government pertaining to the grow or cultivation of recreational or medicinal cannabis which shall have the effect of prohibiting the legal operation of the Grow Facilities; (v) Company’s failure to maintain its Grow License in good standing resulting in revocation of its Grow License.
Manager Termination. Buyer shall have received a termination (the "Manager Termination and Release") of the management agreement entered into with Calarese Development Corporation ("Existing Property Manager") duly xxxxxxxx by Existing Property Manager and Seller to be dated as of the Closing Date. The Manager Termination and Release shall be substantially in the form set forth in Exhibit Q annexed hereto.
Manager Termination. For each Property, written evidence of the termination of the existing property management agreement with respect to such Property and the release by the manager thereunder of all claims against the applicable Property Owner (the “Manager Terminations”).
Manager Termination. 41 Section 6.01. Manager Events of Termination......................................................... 41
Manager Termination. The Manager may terminate this Agreement upon 90 days written notice to the Producer.
