Common use of No Challenge to Termination Clause in Contracts

No Challenge to Termination. 21.4.1 Notwithstanding anything contained in the SFM Agreement, the Facility Manager agrees and acknowledges that any termination by Authority under this Article 21 shall be given effect to forthwith in accordance with the terms of this Article 21, and the Facility Manager shall not be entitled to Dispute such termination (including, without limitation, with respect to the adequacy of the grounds of such termination, the effectiveness of the termination, provision (or lack thereof) of the relevant Cure Period, and/ or the rectification of the relevant Facility Manager’s Event of Default), and the Facility Manager hereby waives all rights in respect thereof. Provided that the foregoing shall be without prejudice to the ability of the Facility Manager to Dispute the extent of Termination Payment payable to the Facility Manager consequent to any such termination.

Appears in 13 contracts

Samples: Management Agreement, Management Agreement, Management Agreement

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No Challenge to Termination. 21.4.1 Notwithstanding anything contained in the SFM Agreement, the Facility Manager agrees and acknowledges that any termination by Authority under this Article 21 shall be given effect to forthwith in accordance with the terms of this Article 21, and the Facility Manager shall not be entitled to Dispute such termination (including, without limitation, with respect to the adequacy of the grounds of such termination, the effectiveness of the termination, provision (or lack thereof) of the relevant Cure Period, and/ or the rectification of the relevant Facility Manager’s Manager ‘s Event of Default), and the Facility Manager hereby waives all rights in respect thereof. Provided that the foregoing shall be without prejudice to the ability of the Facility Manager to Dispute the extent of Termination Payment payable to the Facility Manager consequent to any such termination.

Appears in 1 contract

Samples: Management Agreement

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