Common use of Termination by Owner Without Cause Clause in Contracts

Termination by Owner Without Cause. This Agreement may be terminated by Owner at any time without cause and upon written notice to Property Manager by Owner, effective thirty (30) days from the date of such notice, which shall be considered the effective date of termination.

Appears in 12 contracts

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

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Termination by Owner Without Cause. This Agreement may be terminated by Owner at any time without cause and upon written notice to Property Manager Agent by Owner, effective thirty (30) days from the date of such notice, which shall be considered the effective date of termination.

Appears in 7 contracts

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

Termination by Owner Without Cause. This Agreement may be terminated by Owner at any time without cause and upon written notice to Property Manager by Owner, effective thirty (30) days from the date of such notice, which shall be considered the effective date of termination; provided, however, in the event Owner terminates the Agreement without cause under this Section 10.1 prior to the date which is six (6) months after the Effective Date, Owner shall pay Manager a termination fee equal to one (1) month's Management Fee (such monthly fee to be determined by calculating the average monthly Management Fee over such initial term) upon receipt of the materials required under Section 6.06.

Appears in 6 contracts

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

Termination by Owner Without Cause. This Agreement may be terminated by Owner at any time without cause and upon written notice to Property Manager by Owner, effective thirty (30) days from the date of such notice, which shall be considered the effective date of termination; provided, however, in the event Owner terminates the Agreement without cause under this Section 10.1 prior to the date which is six (6) months after the Effective Date, Owner shall pay Manager a termination fee equal to one (1) month’s Management Fee (such monthly fee to be determined by calculating the average monthly Management Fee over such initial term) upon receipt of the materials required under Section 6.06.

Appears in 2 contracts

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

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Termination by Owner Without Cause. This Agreement may be terminated by Owner without cause at any time without cause and upon thirty (30) days’ prior written notice to Property Manager. In the event Owner so terminates this Agreement, Property Manager by Ownershall be entitled, effective thirty (30) days from as its sole and exclusive remedy, to receive all Management Fees earned and unpaid as of the date of termination and all out-of-pocket expenses incurred by Property Manager as a result of any such notice, which shall be considered early termination of the effective date of terminationAgreement by Owner.

Appears in 1 contract

Samples: Contribution Agreement (Digital Realty Trust, Inc.)

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