Remedies of Owner. Upon the occurrence of an Event of Default by Manager, Owner may terminate this Agreement immediately upon notice and shall be entitled to exercise any other rights at law or in equity.
Appears in 2 contracts
Samples: Management Agreement (Senior Housing Properties Trust), Management Agreement (Five Star Quality Care Inc)
Remedies of Owner. Upon the occurrence of an a Manager's Event of Default by ManagerDefault, Owner may terminate this Agreement immediately upon notice and shall be entitled (i) to exercise terminate in writing this Agreement effective as of the xxxx designated by Owner (which may be the date Upon which notice is given), and/or (ii) to pursue any other rights remedy at law or in equity, including without limitation, specific performance. All of Owner's rights and remedies shall be cumulative.
Appears in 1 contract
Samples: Operating Agreement (Wellsford Real Properties Inc)
Remedies of Owner. Upon the occurrence of an a Manager's Event of Default by ManagerDefault, Owner may terminate this Agreement immediately upon notice and shall be entitled (i) to exercise terminate in writing this Agreement effective as of the date designated by Owner (which may be the date upon which notice is given), and/or (ii) to pursue any other rights remedy at law or in equity, including without limitation, specific performance. All of Owner's rights and remedies shall be cumulative.
Appears in 1 contract
Samples: Operating Agreement (Wellsford Real Properties Inc)
