Common use of TERMINATION BY THE PARTIES Clause in Contracts

TERMINATION BY THE PARTIES. This Agreement may be terminated at the expiration of the Initial Term or the then current Automatic Renewal Term by the Independent Directors of the Company or the Advisor, without Cause and without penalty, upon sixty (60) days’ prior written notice. Notwithstanding the foregoing, this Agreement may be terminated upon forty-five (45) days’ written notice (a) by the Advisor for Good Reason or upon a Change of Control, or (b) by the Independent Directors of the Company with Cause. The provisions of Sections 15 and 19 through 31 (inclusive) of this Agreement shall survive any expiration or earlier termination of this Agreement.

TERMINATION BY THE PARTIES. This Agreement may be terminated at upon sixty (60) days’ written notice prior to the expiration of the Initial Term or the then current Automatic Renewal Term by the Independent Directors of the Company or the Advisor, without Cause and without penalty, upon sixty (60) days’ prior written notice. Notwithstanding the foregoing, this Agreement may be terminated upon forty-five (45) days’ written notice (a) by the Advisor for Good Reason or upon a Change of Control, or (b) by the Independent Directors of the Company with Cause. The provisions of Sections 15 and 19 through 31 (inclusive) of this Agreement shall survive any expiration or earlier termination of this Agreement.”

TERMINATION BY THE PARTIES. This Agreement may be terminated at the expiration of the Initial Term or the then current Automatic Renewal Term upon sixty (60) days’ prior written notice (a) by the Independent Directors of the Company or the Advisor, Advisor without Cause and without penalty, (b) by the Advisor for Good Reason, or (c) by the Advisor upon sixty a Change of Control; provided, that such notice shall be not less than ninety (6090) days’ days prior written notice. Notwithstanding notice if the foregoingCompany has paid any portion of the Asset Management Fee in Common Stock in accordance with Section 10(i), and, provided further, that termination of this Agreement may with Cause shall be terminated upon forty-five (45) days’ prior written notice (a) by the Advisor for Good Reason or upon a Change of Control, or (b) by the Independent Directors of the Company with Causenotice. The provisions of Sections 15 and 15, 19 through 31 (inclusive) and 33 of this Agreement shall survive any expiration or earlier termination of this Agreement.”