Common use of Termination by Agent Clause in Contracts

Termination by Agent. This Agreement may be terminated by Agent, without cause, upon ninety (90) days’ written notice to Owner. This Agreement may be terminated by Agent for cause if Owner commits any material default in the performance of any of its obligations under this Agreement, including, without limitation, its obligation to pay to Agent any fees due and payable under Section 3.01 above, and such default shall continue for a period of thirty (30) days after notice thereof by Agent to Owner.

Appears in 6 contracts

Samples: Account Services Agreement (KBS Legacy Partners Apartment REIT, Inc.), Account Services Agreement (KBS Legacy Partners Apartment REIT, Inc.), Account Services Agreement (KBS Legacy Partners Apartment REIT, Inc.)

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Termination by Agent. This Agreement may be terminated by Agent, without cause, upon ninety (90) days' written notice to Owner. This Agreement may be terminated by Agent for cause if Owner commits any material default in the performance of any of its obligations under this Agreement, including, without limitation, its obligation to pay to Agent any fees due and payable under Section 3.01 above, and such default shall continue for a period of thirty (30) days after notice thereof by Agent to Owner.

Appears in 1 contract

Samples: Management Accounting Services Agreement (KBS Legacy Partners Apartment REIT, Inc.)

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