Common use of Termination by the Manager Clause in Contracts

Termination by the Manager. The Manager may terminate this Agreement if the Company becomes required to register as an investment company under the Investment Company Act, with such termination deemed to occur immediately before such event. The Manager may decline to renew this Agreement by providing the AHP Entities with 180 days’ written notice prior to the expiration of the initial term or the then current automatic renewal term. In addition, if the AHP Entities default in the performance of any material term of this Agreement and the default continues for a period of 30 days after written notice to the AHP Entities specifying such default and requesting the same be remedied in 30 days, the Manager may terminate this Agreement upon 60 days’ written notice.

Appears in 2 contracts

Samples: Management Agreement (American Hospitality Properties REIT II, Inc.), Management Agreement (American Hospitality Properties REIT, Inc.)

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Termination by the Manager. The Manager may terminate this Agreement if the Company becomes required to register as an investment company under the Investment Company Act, with such termination deemed to occur immediately before such event. The Manager may decline to renew this Agreement by providing the AHP sxXXXX Entities with 180 days’ written notice prior to the expiration of the initial term or the then current automatic renewal term. In addition, if the AHP sxXXXX Entities default in the performance of any material term of this Agreement and the default continues for a period of 30 days after written notice to the AHP sxXXXX Entities specifying such default and requesting the same be remedied in 30 days, the Manager may terminate this Agreement upon 60 days’ written notice.

Appears in 2 contracts

Samples: Management Agreement (1st stREIT Office Inc.), Management Agreement (1st stREIT Office Inc.)

Termination by the Manager. The Manager may terminate this Agreement if the Company becomes required to register as an investment company under the Investment Company Act, with such termination deemed to occur immediately before such event. The Manager may decline to renew this Agreement by providing the AHP NL Entities with 180 days’ written notice prior to the expiration of the initial term or the then current automatic renewal term. In addition, if the AHP NL Entities default in the performance of any material term of this Agreement and the default continues for a period of 30 days after written notice to the AHP NL Entities specifying such default and requesting the same be remedied in 30 days, the Manager may terminate this Agreement upon 60 days’ written notice.

Appears in 1 contract

Samples: Management Agreement (NOYACK Logistics Income REIT II, Inc.)

Termination by the Manager. The Manager may terminate this Agreement if the Company becomes required to register as an investment company under the Investment Company Act, with such termination deemed to occur immediately before such event. The Manager may decline to renew this Agreement by providing the AHP Belpointe Entities with 180 days’ written notice prior to the expiration of the initial term or the then current automatic renewal term. In addition, if the AHP Belpointe Entities default in the performance of any material term of this Agreement and the default continues for a period of 30 days after written notice to the AHP Belpointe Entities specifying such default and requesting the same be remedied in 30 days, the Manager may terminate this Agreement upon 60 days’ written notice.

Appears in 1 contract

Samples: Management Agreement (Belpointe REIT, Inc.)

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Termination by the Manager. The Manager may terminate this Agreement if the Company becomes required to register as an investment company under the Investment Company ActAct of 1940, as amended, with such termination deemed to occur immediately before such event. The Manager may decline to renew this Agreement by providing the AHP Entities Company with 180 days’ written notice prior to the expiration of the initial term or the then current automatic renewal term. In addition, if the AHP Entities default Company defaults in the performance of any material term of this Agreement and the default continues for a period of 30 days after written notice to the AHP Entities Company by the Manager specifying such default and requesting the same be remedied in 30 days, the Manager may terminate this Agreement upon 60 days’ written notice.

Appears in 1 contract

Samples: Management Agreement (Connect Invest II LLC)

Termination by the Manager. The Manager may terminate this Agreement if the Company becomes required to register as an investment company under the Investment Company Act, with such termination deemed to occur immediately before such event. The Manager may decline to renew this Agreement by providing the AHP Echo Park Entities with 180 days’ written notice prior to the expiration of the initial term or the then current automatic renewal term. In addition, if the AHP Echo Park Entities default in the performance of any material term of this Agreement and the default continues for a period of 30 days after written notice to the AHP Echo Park Entities specifying such default and requesting the same be remedied in 30 days, the Manager may terminate this Agreement upon 60 days’ written notice.

Appears in 1 contract

Samples: Management Agreement (Nico Echo Park, Benefit Corp)

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