Termination by Owner or Manager. Either Owner or Manager may terminate this Agreement upon thirty (30) days advance notice to the other in the event (A) Owner sells the Premises to a third party which is unaffiliated with Owner in a bona fide transaction, (B) the Property is substantially destroyed or condemned and in the case of destruction cannot be restored within one year after the casualty, or (C) an Affiliate of Manager is no longer the advisor to the Owner and the Owner's general partner.
Appears in 2 contracts
Samples: Management and Leasing Agreement (Hines Real Estate Investment Trust Inc), Management and Leasing Agreement (Hines Real Estate Investment Trust Inc)
Termination by Owner or Manager. Either Owner or Manager may terminate this Agreement upon thirty (30) days advance notice to the other in the event (A) Owner sells the Premises to a third party which is unaffiliated with Owner in a bona fide transaction, (B) the Property Premises is substantially destroyed or condemned and in the case of destruction cannot be restored within one year after the casualty, or (C) an Affiliate of Manager is no longer the advisor to the Owner and the Owner's general partner.Hxxxx Global REIT, Inc.
Appears in 2 contracts
Samples: Management and Leasing Agreement (Hines Global REIT, Inc.), Management and Leasing Agreement (Hines Global REIT, Inc.)
Termination by Owner or Manager. Either Owner or Manager may terminate this Agreement upon thirty (30) days advance notice to the other in the event (A) Owner sells the Premises to a third party which is unaffiliated with Owner in a bona fide transaction, (B) the Property Premises is substantially destroyed or condemned and in the case of destruction cannot be restored within one year after the casualty, or (C) an Affiliate of Manager is no longer the advisor to the Owner and the Owner's general partner[Xxxxx REIT entity].
Appears in 2 contracts
Samples: Management and Leasing Agreement (Hines Global Reit Ii, Inc.), Management and Leasing Agreement (Hines Global Reit Ii, Inc.)
Termination by Owner or Manager. Either Owner or Manager may terminate this Agreement upon thirty (30) days advance notice to the other in the event (A) Owner sells the Premises to a third party which is unaffiliated with Owner in a bona fide transaction, (B) the Property is substantially destroyed or condemned and in the case of destruction cannot be restored within one year after the casualty, or (C) an Affiliate of Manager is no longer the advisor to the Owner and the Owner's ’s general partner.
Appears in 1 contract
Samples: Management and Leasing Agreement (Hines Real Estate Investment Trust Inc)
Termination by Owner or Manager. Either Owner or Manager may terminate this Agreement upon thirty (30) days advance notice to the other in the event (A) Owner sells the Premises is sold to a third party which is unaffiliated with Owner in a bona fide transaction, (B) the Property is substantially destroyed or condemned and in the case of destruction cannot be restored within one year after the casualty, or (C) an Affiliate of Manager is no longer the advisor to the Owner and the Owner's ’s general partner.
Appears in 1 contract
Samples: Management and Leasing Agreement (Hines Real Estate Investment Trust Inc)
