Common use of Term; Termination; Survival of Provisions Clause in Contracts

Term; Termination; Survival of Provisions. The term of this Agreement, shall commence on the date hereof and shall continue, unless earlier terminated pursuant to the provisions of this section, for twelve (12) months, automatically renewable thereafter for monthly periods unless either party informs the other in writing thirty (30) days prior to the end of the current term of its intent to terminate this Agreement. This Agreement may be terminated prior to the end of the current term, by mutual written consent of the parties hereto: a. by either party, upon thirty (30) days’ prior written notice; and b. by Financial Adviser in the event that Client fails to pay any amount due hereunder within thirty (30) days of that due date or otherwise breaches its obligations to Financial Advisor. Termination of this Agreement will not affect Financial Adviser’s right to receive continuing compensation with respect to investments made prior to such termination. It is understood and agreed that the provisions of this Agreement relating to the payment of fees and expenses, confidentiality and indemnification shall survive any termination of this Agreement.

Appears in 50 contracts

Samples: Engagement Letter (Masterworks 036, LLC), Engagement Letter (Masterworks Collection 001, LLC), Engagement Letter (Masterworks 037, LLC)

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Term; Termination; Survival of Provisions. The term of this Agreement, shall commence on the date hereof and shall continue, unless earlier terminated pursuant to the provisions of this section, for twelve (12) months, automatically renewable thereafter for monthly periods unless either party informs the other in writing thirty (30) days prior to the end of the current term of its intent to terminate this Agreement. This Agreement may be terminated prior to the end of the current term, by mutual written consent of the parties hereto: a. by either party, upon thirty (30) days’ prior written notice; and b. by Financial Adviser in the event that Client fails to pay any amount due hereunder within thirty (30) days of that due date or otherwise breaches its obligations to Financial AdvisorAdviser. Termination of this Agreement will not affect Financial Adviser’s right to receive continuing compensation with respect to investments made prior to such termination. It is understood and agreed that the provisions of this Agreement relating to the payment of fees and expenses, confidentiality and indemnification shall survive any termination of this Agreement.

Appears in 47 contracts

Samples: Engagement Letter (Masterworks 085, LLC), Engagement Letter (Masterworks 084, LLC), Engagement Letter (Masterworks 083, LLC)

Term; Termination; Survival of Provisions. The term of this Agreement, shall commence on the date hereof and shall continue, unless earlier terminated pursuant to the provisions of this sectionsection (9), for twelve (12) months, automatically renewable thereafter for monthly periods unless either party informs months (the other in writing thirty (30) days prior to the end of the current term of its intent to terminate this Agreement“Term”). This Agreement may also be terminated prior to the end of the current term, by mutual written consent of the parties hereto: a. (a) by either party, upon thirty (30) days’ prior written notice, if a closing with respect to investment commitments, $11 million in aggregate, does not occur within six (6) months of the date hereof; and b. (b) by Financial Adviser in the event that the Client fails to pay any amount due hereunder within thirty (30) days of that due date or otherwise breaches its obligations to Financial Advisordate. Termination of this Agreement will not affect Financial Adviser’s right to receive continuing unpaid compensation accrued with respect to investments covered by this Agreement that are made prior to such termination. It is understood and agreed that the provisions of this Agreement relating to the payment of accrued but unpaid fees and expenses, confidentiality and indemnification shall survive any termination of this Agreement.

Appears in 2 contracts

Samples: Engagement Letter (Stocosil Inc.), Engagement Letter (Stocosil Inc.)

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Term; Termination; Survival of Provisions. The term of this Agreement, shall commence on the date hereof and shall continue, unless earlier terminated pursuant to the provisions of this sectionsection (9), for twelve (12) months, automatically renewable thereafter for monthly periods unless either party informs months (the other in writing thirty (30“Term”) days prior to the end of the current term of its intent to terminate this Agreement. This Agreement may also be terminated prior to the end of the current term, by mutual written consent of the parties hereto: a. (a) by either party, upon thirty (30) days’ prior written notice, if a closing with respect to investment commitments, $11M in aggregate, does not occur within six (6) months of the date hereof; and b. (b) by Financial Adviser in the event that Client fails to pay any amount due hereunder within thirty (30) days of that due date or otherwise breaches its obligations to Financial Advisordate. Termination of this Agreement will not affect Financial Adviser’s right to receive continuing unpaid compensation accrued with respect to investments covered by this Agreement that are made prior to such termination. It is understood and agreed that the provisions of this Agreement relating to the payment of accrued but unpaid fees and expenses, confidentiality and indemnification shall survive any termination of this Agreement.

Appears in 1 contract

Samples: Engagement Letter (Stocosil Inc.)

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