Remedies of Manager. Upon the occurrence of an Event of Default by SNH TRS, Manager may terminate this Agreement on thirty (30) days notice and SNH TRS shall pay Manager the Termination Fee within thirty (30) days of the effective date of termination, as liquidated damages and in lieu of any other remedy of Manager at law or in equity, as well as any accrued but unpaid fees owed to Manager pursuant to Section 5.01.
Appears in 2 contracts
Samples: Transaction Agreement (Senior Housing Properties Trust), Transaction Agreement (Five Star Senior Living Inc.)
Remedies of Manager. Upon the occurrence of an Event of Default by SNH TRSTRS described in Section 14.02, Manager may terminate this Agreement on thirty (30) days notice and SNH TRS shall pay Manager the Termination Fee within thirty (30) days of the effective date of terminationtermination if the termination occurs after December 31, 2016, as liquidated damages and in lieu of any other remedy of Manager at law or in equity, as well as any accrued but unpaid fees owed to Manager pursuant to Section 5.01.
Appears in 2 contracts
Samples: Management Agreement (Five Star Quality Care Inc), Management Agreement (Senior Housing Properties Trust)
Remedies of Manager. Upon the occurrence of an Event of Default by SNH TRSTRS described in Section 14.02, Manager may terminate this Agreement on thirty (30) days notice and SNH TRS shall pay Manager the Termination Fee within thirty (30) days of the effective date of termination, as liquidated damages and in lieu of any other remedy of Manager at law or in equity, as well as any accrued but unpaid fees owed to Manager pursuant to Section 5.01.
Appears in 2 contracts
Samples: Management Agreement (Senior Housing Properties Trust), Management Agreement (Five Star Quality Care Inc)
