Common use of Term and Termination Without Cause Clause in Contracts

Term and Termination Without Cause. This Agreement shall commence on the date set forth on the first page hereof. Payment under Section V shall commence on the date of the first resident move-in. The term of this Agreement shall continue for a period of ten (10) years from the date of the first resident move-in (the "Initial Term") and continue for the Initial Term unless terminated by law or otherwise according to its terms. Capital shall have the option to extend the term of this Agreementfor an additional five (5) year renewal option on the same terms and conditions as herein provided (the "Extended Term").

Appears in 2 contracts

Samples: Management Agreement (Capital Senior Living Corp), Management Agreement (Capital Senior Living Corp)

AutoNDA by SimpleDocs

Term and Termination Without Cause. This Agreement shall commence on the date set forth on the first page hereof. Payment under Section V shall commence on the date of the first resident move-in. The term of this Agreement shall continue for a period of ten (10) years from the date of the first resident move-in (the "Initial Term") and continue for the Initial Term unless terminated by law or otherwise according to its terms. Capital shall have the option to extend the term of this Agreementfor an additional five (5) year renewal option on the same terms and conditions as herein provided (the "Extended Term").Initial

Appears in 1 contract

Samples: Management Agreement (Capital Senior Living Corp)

Term and Termination Without Cause. This Agreement shall commence on the date set forth on the first page hereof. Payment under Section V herein shall commence on the date of the first resident move-in. The term of this Agreement shall continue for a period of ten (10) years from the date of the first resident move-in (the "Initial Term") and continue for the Initial Term unless terminated by law or otherwise according to its terms. Capital shall have the option to extend the term of this Agreementfor Agreement for an additional five (5) year renewal option on the same terms and conditions as herein provided (the "Extended Term").

Appears in 1 contract

Samples: Management Agreement (Capital Senior Living Corp)

AutoNDA by SimpleDocs

Term and Termination Without Cause. This Agreement shall commence on the date set forth on the first page hereof. Payment under Section V shall commence on the date of the first resident move-in. The term of this Agreement shall continue for a period of ten (10) years from the date of the first resident move-in (the "Initial Term") and continue for the Initial Term unless terminated by law or otherwise according to its terms. Capital shall have the option to extend the term of this Agreementfor Agreement for an additional five (5) year renewal option on the same terms and conditions as herein provided (the "Extended Term").

Appears in 1 contract

Samples: Management Agreement (Capital Senior Living Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!