Common use of Termination by Non-Renewal Clause in Contracts

Termination by Non-Renewal. Owner may, at the end of the initial term or during any extension term, terminate this Agreement upon 90 days notice given to Manager and upon payment of all outstanding principal and accrued and unpaid interest under the Note.

Termination by Non-Renewal. Owner may, at the end of the initial term or during any extension term, terminate this Agreement upon 90 days notice given to Manager and upon payment of all outstanding principal and accrued and future unpaid interest Annual Payments to be made under the NoteAnnuity, less a mutually agreed upon discount for any prepayments of all or any portion of any Annual Payment.