Termination by Either Party. This Agreement may be terminated immediately without penalty (but subject to the requirements of Section 20 hereof) by the Advisor by written notice of termination to the Company upon the occurrence of events which would constitute Good Reason or by the Company without cause or penalty (but subject to the requirements of Section 20 hereof) by action of a majority of the Independent Directors or by action of a majority of the Shareholders, in either case upon 60 days' written notice.
Appears in 17 contracts
Samples: Asset Management Agreement (Carey W P & Co LLC), Advisory Agreement (Carey W P & Co LLC), Advisory Agreement (Carey W P & Co LLC)
Termination by Either Party. This Agreement may be terminated immediately without penalty (but subject to the requirements of Section 20 hereof) by the Advisor by written notice of termination to the Company upon the occurrence of events which would constitute Good Reason or by the Company without cause or penalty (but subject to the requirements of Section 20 hereof) by action of a majority of the Directors, the Independent Directors or by action of a majority of the Shareholders, in either case upon 60 days' written notice.
Appears in 10 contracts
Samples: Advisory Agreement (Corporate Property Associates 16 Global Inc), Advisory Agreement (Corporate Property Associates 16 Global Inc), Advisory Agreement (Corporate Property Associates 15 Inc)
Termination by Either Party. This Agreement may be terminated immediately without penalty (but subject to the requirements of Section 20 hereof) by the Advisor by written notice of termination to the Company upon the occurrence of events which would constitute Good Reason or by the Company without cause or penalty (but subject to the requirements of Section 20 hereof) by action of a majority of the Independent Directors or by action of a majority of the Shareholders, in either case upon 60 days' ’ written notice.
Appears in 6 contracts
Samples: Advisory Agreement (Carey W P & Co LLC), Advisory Agreement (Corporate Property Associates 16 Global Inc), Advisory Agreement (Corporate Property Associates 14 Inc)
Termination by Either Party. This Agreement may be terminated immediately without penalty (but subject to the requirements of Section 20 hereof) by the Advisor by written notice of termination to the Company upon the occurrence of events which would constitute Good Reason or by the Company without cause or penalty (but subject to the requirements of Section 20 hereof) by action of a majority of the Directors, the Independent Directors or by action of a majority of the Shareholders, in either case upon 60 days' written notice.
Appears in 5 contracts
Samples: Advisory Agreement (Corporate Property Associates 12 Inc), Advisory Agreement (Corporate Property Associates 15 Inc), Advisory Agreement (Corporate Property Associates 15 Inc)
Termination by Either Party. This Agreement may be terminated immediately without penalty (but subject to the requirements of Section 20 hereof) by the Advisor by written notice of termination to the Company CWI upon the occurrence of events which would constitute Good Reason or by the Company CWI without cause or penalty (but subject to the requirements of Section 20 hereof) by action of the Directors, a majority of the Independent Directors or by action of a majority of the Shareholders, in either each case upon 60 days' ’ written notice.
Appears in 4 contracts
Samples: Advisory Agreement (Carey Watermark Investors Inc), Advisory Agreement (Carey W P & Co LLC), Advisory Agreement (Carey Watermark Investors Inc)
Termination by Either Party. This Agreement may be terminated immediately without penalty (but subject to the requirements of Section 20 hereof) by the Advisor Manager by written notice of termination to the Company upon the occurrence of events which would constitute Good Reason or by the Company without cause or penalty (but subject to the requirements of Section 20 hereof) by action of a majority of the Independent Directors or by action of a majority of the Shareholders, in either case upon 60 days' ’ written notice.
Appears in 2 contracts
Samples: Asset Management Agreement (W P Carey & Co LLC), Asset Management Agreement (Corporate Property Associates 16 Global Inc)
Termination by Either Party. This Agreement may be terminated immediately without penalty (but subject to the requirements of Section 20 hereof) by the Advisor by written notice of termination to the Company upon the occurrence of events which would constitute Good Reason Cause or by the Company without cause or penalty (but subject to the requirements of Section 20 hereof) by action of a majority of the Directors, the Independent Directors or by action of a majority of the Shareholders, in either case Shareholders upon 60 days' ’ written notice.
Appears in 1 contract
Samples: Acquisition Services Agreement (Corporate Property Associates 12 Inc)
