Remedies of Owner. Upon the occurrence of a breach by Manager as specified in Section 7.01 hereof, Owner shall be entitled to immediately terminate this Agreement and Owner shall have the right to pursue any other remedy it may have at law or in equity. Following such a termination, Owner shall have no further obligation to pay any fee due hereunder. Notwithstanding such termination, Manager shall not be relieved of any liability arising as a result of Manager’s default and the resulting termination of this Agreement.
Appears in 8 contracts
Samples: Management Agreement (Resource Income Opportunity REIT, Inc.), Management Agreement (Resource Apartment REIT III, Inc.), Management Agreement (Resource Apartment REIT III, Inc.)
Remedies of Owner. Upon the occurrence of an event of a breach by Manager as specified in Section 7.01 hereof, Owner shall be entitled to immediately terminate this Agreement and Owner shall have the right to pursue any other remedy it may have at law or in equity. Following , it being expressly understood that following such a termination, Owner shall have no further obligation to pay any fee Fee due hereunder. Notwithstanding , except such Fee as was earned by Manager pursuant to this Agreement prior to termination of the Agreement, however, notwithstanding such termination, Manager shall not be relieved of any liability arising as a result of Manager’s 's default and the resulting termination of this Agreement.
Appears in 1 contract
Samples: Management Agreement
