Common use of Remedies of Manager Clause in Contracts

Remedies of Manager. Upon the occurrence of an Event of Default by Owner as specified in Section 8.3, Manager shall have the right to terminate this Agreement after any applicable notice and cure period, pursue any and all claims available at law or in equity and recover from Owner damages that Manager has suffered due to Owner’s default.

Appears in 6 contracts

Samples: Property Management Agreement (Arrived STR, LLC), Property Management Agreement (Arrived STR, LLC), Property Management Agreement (Arrived STR, LLC)

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Remedies of Manager. Upon the occurrence of an Event of Default by Owner as specified in Section 8.314.02 of this Agreement (as such Event of Default by Owner may occur upon the expiration of any applicable cure period provided by this Agreement), Manager shall have the right be entitled either: (a) to specific performance of Owner’s obligations under this Agreement or (b) to terminate this Agreement after any applicable notice and cure period, pursue any and all claims available at law or in equity and to recover from Owner damages that Manager has suffered due to Owner’s defaultthe Termination Fee.

Appears in 1 contract

Samples: Management Agreement (CNL Healthcare Trust, Inc.)

Remedies of Manager. Upon the occurrence of an Event of Default a breach by Owner as specified in Section 8.37.03 hereof, Manager shall be entitled to immediately terminate this Agreement and upon any such termination by Manager pursuant to this Section 7.04, Manager shall have the right to terminate this Agreement after any applicable notice and cure period, pursue any and all claims available other remedy it may have at law or in equity equity, except that Owner shall continue to be obligated to pay and recover from Owner damages that Manager has suffered due to Owner’s defaultperform all of its obligations which have accrued as of the date of termination.

Appears in 1 contract

Samples: Management Agreement

Remedies of Manager. Upon the occurrence of an Owner Event of Default by Owner as specified in Section 8.314.1(b) of this Agreement and the expiration of any applicable cure period (if any) provided by this Agreement, Manager shall have be entitled to exercise its rights at law or in equity, including the right to terminate this Agreement after any applicable notice and cure period, pursue any and all claims available at law or in equity and recover from Owner damages that Manager has suffered due to compel specific performance of Owner’s defaultobligations hereunder.

Appears in 1 contract

Samples: Management Agreement (Sunrise Senior Living Inc)

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Remedies of Manager. Upon the occurrence of an Event of Default by Owner as specified in Section 8.3, Manager shall have the right to terminate this Agreement after any applicable notice and cure period, pursue any and all claims available at law or in equity and recover from Owner damages that Manager has suffered due to Owner’s default.. INSURANCE

Appears in 1 contract

Samples: Property Management Agreement (Arrived STR 2, LLC)

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