Termination of Executory Contracts Sample Clauses

Termination of Executory Contracts. Upon the removal or occurrence of an Event of Dissociation of Proinvest, this Agreement and all other executory contracts between the Owner and Proinvest or any affiliate thereof (unless such affiliate is also an affiliate of any remaining or new Manager) may be terminated and canceled by the Owner without prior notice or penalty, excluding any executory contract or agreement regarding the compensation, rights to indemnification or similar rights of Proinvest. Proinvest or any affiliate thereof (unless such affiliate is also an affiliate of a remaining or new Manager or Manager) may also terminate and cancel any such executory contract effective upon sixty (60) days prior written notice of such termination and cancellation to the remaining or new Manager or Managers, if any, or to the Owner. Upon the termination of this Agreement, Owner’s appointment of Proinvest as Manager shall terminate, but the termination of this Agreement for any reason shall not affect any right, obligation or liability that has accrued under this Agreement, including specifically, but without limitation Proinvest’s rights to fees and other compensation payable under this Agreement and the LLC Agreement, except as provided herein and in the LLC Agreement.

Termination of Executory Contracts. Upon termination of a General Partner, all executory contracts between the Partnership and the terminated General Partner or any Affiliate thereof (unless such Affiliate also is an Affiliate of a remaining or new General Partner or General Partners) may be terminated and canceled without penalty by the Partnership effective upon 60 days’ written notice to the other party or parties to such contract. The terminated General Partner or any Affiliate thereof (unless such Affiliate is also an Affiliate of a remaining or new General Partner or General Partners) may also terminate and cancel any such executory contract effective upon 60 days’ prior written notice of such termination and cancellation to the remaining or new General Partner or General Partners, if any, or to the Partnership.