Common use of Owner’s Termination Right at End of Term Clause in Contracts

Owner’s Termination Right at End of Term. If Manager, gives notice of its election not to extend or if Manager shall have no further right to extend the Term, at any time during the last two years of the Term, Owner may terminate this Agreement on not less than thirty (30) days’ prior written notice.

Appears in 2 contracts

Samples: Management Agreement (Hospitality Properties Trust), Management Agreement (Hospitality Properties Trust)

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Owner’s Termination Right at End of Term. If Manager, Manager gives notice of its election not to extend or if Manager shall have no further right to extend the Term, at any time during the last two years of the Term, Owner may terminate this Agreement on not less than thirty (30) days' prior written notice.

Appears in 1 contract

Samples: Management Agreement (Hospitality Properties Trust)

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Owner’s Termination Right at End of Term. If Manager, gives Manager fails to give notice of its election (or elects not to) to extend or if Manager shall have no further right to extend the Term, at any time during the last two years eighteen (18) months of the Term, Owner may terminate this Agreement on not less than thirty (30) days’ prior written notice.

Appears in 1 contract

Samples: Management Agreement (Prime Hospitality Corp)

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