Common use of TERMINATION BY THE PARTIES Clause in Contracts

TERMINATION BY THE PARTIES. This Agreement may be terminated (i) immediately by the Corporation and/or the Operating Partnership for Cause (subject to any applicable cure period), (ii) upon 60 days written notice without Cause and without penalty by a majority of the Independent Directors of the Corporation or by the Advisor, (iii) upon 60 days written notice with Good Reason by the Advisor or (iv) immediately by the Corporation and/or the Operating Partnership in connection with a merger, sale of Assets or transaction involving the Corporation pursuant to which a majority of the Directors then in office are replaced or removed.

Appears in 30 contracts

Samples: Advisory Agreement (Industrial Property Trust Inc.), Advisory Agreement (Industrial Property Trust Inc.), Advisory Agreement (BLACK CREEK INDUSTRIAL REIT IV Inc.)

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TERMINATION BY THE PARTIES. This Agreement may be terminated (i) immediately by the Corporation Company and/or the Operating Partnership for Cause (subject to any applicable cure period)or upon the bankruptcy of the Advisor, (ii) upon 60 days written notice without Cause and without penalty by a majority of the Independent Directors of the Corporation Company or by the Advisor, (iii) upon 60 days written notice with Good Reason by the Advisor or (iv) immediately by the Corporation and/or the Operating Partnership in connection with a merger, sale of Assets or transaction involving the Corporation pursuant to which a majority of the Directors then in office are replaced or removedAdvisor.

Appears in 23 contracts

Samples: Advisory Agreement (Ares Real Estate Income Trust Inc.), Advisory Agreement (Ares Real Estate Income Trust Inc.), Advisory Agreement (Ares Real Estate Income Trust Inc.)

TERMINATION BY THE PARTIES. This Agreement may be terminated (i) immediately by the Corporation and/or the Operating Partnership for Cause (subject to any applicable cure period), (ii) upon 60 days days’ written notice without Cause and without penalty by a majority of the Independent Directors of the Corporation or by the Advisor, (iii) upon 60 days days’ written notice with Good Reason by the Advisor or (iv) immediately by the Corporation and/or the Operating Partnership in connection with a merger, sale of Assets or transaction involving the Corporation pursuant to which a majority of the Directors then in office are replaced or removed.

Appears in 11 contracts

Samples: Advisory Agreement (ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc.), Advisory Agreement (ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc.), Advisory Agreement (ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc.)

TERMINATION BY THE PARTIES. This Agreement may be terminated (i) immediately by the Corporation and/or the Operating Partnership for Cause (subject to any applicable cure period), (ii) upon 60 30 days written notice without Cause and without penalty by a majority of the Independent Directors of the Corporation or by the Advisor, (iii) upon 60 30 days written notice with Good Reason by the Advisor or (iv) immediately by the Corporation and/or the Operating Partnership in connection with a merger, sale of Assets or transaction involving the Corporation pursuant to which a majority of the Directors then in office are replaced or removed.

Appears in 1 contract

Samples: Advisory Agreement (Industrial Income Trust Inc.)

TERMINATION BY THE PARTIES. This Agreement may be terminated (i) immediately by the Corporation and/or the Operating Partnership for Cause (subject to any applicable cure period)Cause, (ii) upon 60 sixty (60) days written notice without Cause and without penalty by a majority of the Independent Directors of the Corporation or by the Advisor, (iii) upon 60 sixty (60) days written notice with Good Reason by the Advisor or (iv) immediately by the Corporation and/or the Operating Partnership in connection with a merger, merger or sale of Real Estate Assets or transaction involving the Corporation pursuant to which a majority of the Directors then in office are replaced or removed.

Appears in 1 contract

Samples: Advisory Agreement (Prime Realty Income Trust, Inc.)

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TERMINATION BY THE PARTIES. This Agreement may be terminated (i) immediately by the Corporation Trust and/or the Operating Partnership for Cause (subject to any applicable cure period), (ii) upon 60 days written notice without Cause and without penalty by a majority of the Independent Directors Trustees of the Corporation Trust or by the Advisor, (iii) upon 60 days written notice with Good Reason by the Advisor or (iv) immediately by the Corporation Trust and/or the Operating Partnership in connection with a merger, sale of Assets or transaction involving the Corporation Trust pursuant to which a majority of the Directors Trustees then in office are replaced or removed.

Appears in 1 contract

Samples: Advisory Agreement (Industrial Property Trust)

TERMINATION BY THE PARTIES. This Agreement may be terminated (i) immediately by the Corporation and/or the Operating Partnership for Cause (subject to any applicable cure period)Cause, (ii) upon 60 days written notice without Cause and without penalty by a majority of the Independent Directors of the Corporation or by the Advisor, (iii) upon 60 days written notice with Good Reason by the Advisor or (iv) immediately by the Corporation and/or the Operating Partnership in connection with a merger, sale of Assets or transaction involving the Corporation pursuant to which a majority of the Directors then in office are replaced or removed.

Appears in 1 contract

Samples: Advisory Agreement (Income Property Trust of the Americas Inc.)

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