Common use of Termination By Business Manager Clause in Contracts

Termination By Business Manager. Subject to Section 7.2(c), Business Manager may only terminate this Management Services Agreement either without cause upon ninety (90) days' written notice to PC, or upon the occurrence of any one of the following events which shall be deemed to be "for cause": (i) The dissolution of PC or the filing of a petition in voluntary bankruptcy, an assignment for the benefit of creditors, or other action taken voluntarily or involuntarily under any State or federal statute for the protection of debtors; (ii) PC materially defaults in the performance of any of its material duties or obligations hereunder, and such default continues for thirty (30) days after PC receives notice of the default.

Termination By Business Manager. Subject to Section 7.2(c), Business Manager may only terminate this Management Services Agreement either without cause upon ninety (90) days' written notice to PC, or upon the occurrence of any one of the following events which shall be deemed to be "for cause": (i) The dissolution of PC or the filing of a petition in voluntary bankruptcy, an assignment for the benefit of creditors, or other action taken voluntarily or involuntarily under any State or federal statute for the protection of debtors; (ii) Upon a good faith determination by Business Manager that PC has materially defaults defaulted in the performance of any of its material duties or obligations hereunder, and such default continues for thirty (30) days after PC receives notice of the default, and such default has or is reasonably expected to have a material adverse effect on the business or affairs of Business Manager.

Termination By Business Manager. Subject to Section 7.2(c), Business Manager may only terminate this Management Services Agreement either without cause upon ninety (90) days' written notice to PC, or upon the occurrence of any one of the following events which shall be deemed to be "for cause": (i) The dissolution of PC or the filing of a petition in voluntary bankruptcy, an assignment for the benefit of creditors, or other action taken voluntarily or involuntarily under any State or federal statute for the protection of debtors; (ii) PC materially defaults in the performance of any of its material duties or obligations hereunder, and such default continues uncured for thirty (30) days after PC receives notice of the default.

Termination By Business Manager. Subject to Section 7.2(c6.2(c), Business Manager may only terminate this Management Services Agreement either without cause upon ninety (90) days' written notice to PC, or upon the occurrence of any one of the following events which shall be deemed to be "for cause": (i) The dissolution of PC or the filing of a petition in voluntary bankruptcy, an assignment for the benefit of creditors, or other action taken voluntarily or involuntarily under any State or federal statute for the protection of debtors; (ii) PC materially defaults in the performance of any of its material duties or obligations hereunder, and such default continues for thirty (30) days after PC receives notice of the default.