SALE OF THE PREMISES. Owner shall have the power to terminate this Agreement upon the sale of the Premises (but not a pledge or mortgage) to a third party which is unaffiliated with Owner in a bona fide transaction, such termination to be effective as of the date of the sale. Owner shall use reasonable efforts to give Co-Manager not less than thirty (30) days’ written notice of such anticipated event.
Appears in 4 contracts
Samples: Real Estate Property Co Management Agreement (KBS Growth & Income REIT, Inc.), Real Estate Property Co Management Agreement (KBS Growth & Income REIT, Inc.), Real Estate Property Co Management Agreement (KBS Growth & Income REIT, Inc.)
SALE OF THE PREMISES. Owner shall have the power to terminate this Agreement upon the sale of the Premises (but not a pledge or mortgage) to a third party which is unaffiliated with Owner in a bona fide transaction, such termination to be effective as of the date of the sale. Owner shall use reasonable efforts to give Co-Manager not less than thirty (30) days’ ' written notice of such anticipated event.
Appears in 2 contracts
Samples: Consent and Subordination of Management Agreements (KBS Real Estate Investment Trust III, Inc.), Limited Liability Company Agreement (KBS Strategic Opportunity REIT II, Inc.)
