Termination of Existing Management Agreement Sample Clauses

Termination of Existing Management Agreement. Documentation of termination of any existing management agreement for the Real Property.
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Termination of Existing Management Agreement. Buyer shall have received evidence from Seller, satisfactory to Buyer in its sole discretion, that any existing management agreement between the Existing Manager and the Seller has been terminated without fee or cost to Buyer.
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Termination of Existing Management Agreement. Notwithstanding anything to the contrary in any document, each of Property Owner and Service Provider acknowledge that the Property Management Agreement dated as of December 23, 2002 between Property Owner and Service Provider is, simultaneously with the execution of this Agreement, hereby terminated, that any and all Ancillary Services to be provided to the Properties subsequent to the date hereof shall be provided by Service Provider pursuant to the terms of this Agreement.
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Termination of Existing Management Agreement. Notwithstanding anything to the contrary in any document, each of Owner and Property Manager acknowledge that the Existing Management Contract, pursuant to the terms of the Ancillary Services Agreement and simultaneously with the execution of this Agreement, will terminate, and that any and all Ancillary Services to be provided to the Properties subsequent to the date hereof shall be provided by Service Provider pursuant to the terms of the Ancillary Services Agreement attached hereto as Exhibit C.
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Termination of Existing Management Agreement. On or prior to the Closing Date, Contributor shall cause the termination of the Existing Management Agreement and obtain from the Existing Manager a release of Liens against the Property with respect to the services performed by the Existing Manager under the Existing Management Agreement. The documents effecting such termination and release are hereinafter referred to as the "Termination of Existing Management Agreement Documents".
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Termination of Existing Management Agreement. The Management Agreement shall have been terminated; provided, however, that Seller shall receive a credit at Closing from Purchaser for the Management Termination Fee to the extent set forth in the Manager Acknowledgment. On the Closing Date, there shall be no contract or agreement in effect between Seller and any third party for management of the Property after the Closing Date. There shall be no fees, payments, commissions or other sums due and owing in connection with management of the Property under the Existing Management Agreement or any other management agreement for the period prior to the Closing Date, except to the extent to be paid by Seller following Closing in the ordinary course of business.
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Termination of Existing Management Agreement. Seller shall deliver, or shall cause Manager to deliver, the Manager Acknowledgment.
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Termination of Existing Management Agreement. At Closing, Seller shall cause the Company to terminate the Existing Management Agreement, at the sole cost, expense, and liability of Seller. Seller shall be responsible, and shall indemnify, defend, and hold harmless Purchaser (and the Company after Closing) from and against any and all Losses for all accrued “owner” obligations due under the Existing Management Agreement (other than those for which Purchaser receives a proration credit). The indemnity provided in this Section 8.1.7 shall survive the Closing indefinitely and shall not be limited by the Claims Period.
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Termination of Existing Management Agreement. The Existing Management Agreement shall have been terminated at Seller’s sole cost and expense.
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Related to Termination of Existing Management Agreement

  • Termination of Existing Agreement The Existing Agreement is hereby terminated and replaced and superseded by this Agreement, effective August 1, 2001. All payments, of Base Salary or otherwise, made by the Company under the Existing Agreement with respect to any period commencing on or after August 1, 2001 shall be credited against the corresponding payment obligations of the Company under this Agreement.

  • Termination of Existing Agreements Any previous employment agreement between Executive on the one hand and Employer or any of Employer’s Affiliates (as hereinafter defined) on the other hand is hereby terminated.

  • Termination of Management Agreement Evidence of the termination of any and all management agreements affecting the Property, effective as of the Closing Date, and duly executed by Seller and the property manager.

  • Termination of Existing Credit Agreement Receipt by the Administrative Agent of evidence that the Existing Credit Agreement concurrently with the Closing Date is being terminated and all Liens securing obligations under the Existing Credit Agreement concurrently with the Closing Date are being released.

  • Termination of Existing Tax Sharing Agreements Any and all existing Tax sharing agreements (whether written or not) binding upon the Company shall be terminated as of the Closing Date. After such date neither the Company nor any of its Representatives shall have any further rights or liabilities thereunder.

  • Termination of Existing Credit Agreements The Company and each of the Banks that is also a "Bank" party to the Existing Credit Agreements agrees that the "Commitments" as defined in the Existing Credit Agreements shall be terminated in their entirety on the Effective Date. Each of such Banks waives (a) any requirement of notice of such termination pursuant to Section 2.09 of the Existing Credit Agreements and (b) any claim to any facility fees or other fees under the Existing Credit Agreements for any day on or after the Effective Date. Each of the Company and the Borrower (i) represents and warrants that (x) after giving effect to the preceding sentences of this Section 10.07, the commitments under the Existing Credit Agreements will be terminated effective not later than the Effective Date, (y) no loans are, as of the date hereof, or will be, as of the Effective Date, outstanding under the Existing Credit Agreements and (ii) covenants that all accrued and unpaid facility fees and any other amounts due and payable under the Existing Credit Agreements shall have been paid on or prior to the Effective Date.

  • Ratification of Existing Agreements All of the Borrower's obligations and liabilities to the Creditors as evidenced by or otherwise arising under the Credit Agreement, the Notes and the other Credit Documents, are, by the Borrower's execution of this Agreement, ratified and confirmed in all respects. In addition, by the Borrower's execution of this Agreement, the Borrower represents and warrants that it does not have any counterclaim, right of set-off or defense of any kind with respect to such obligations and liabilities.

  • Termination of Consulting Agreement As of the Effective Date, the Consulting Agreement is hereby terminated and is of no further force or effect.

  • Termination of Merger Agreement Notwithstanding anything to the contrary contained herein, in the event that the Merger Agreement is terminated in accordance with its terms prior to the Closing, this Agreement and all rights and obligations of the parties hereunder shall automatically terminate and be of no further force or effect.

  • Term of Agreement Termination of Agreement Amendment of Agreement a. This Agreement is effective with respect to each Fund as of the date of execution of the applicable exhibit and shall continue in effect with respect to each Fund presently set forth on an exhibit and any subsequent Funds added pursuant to an exhibit during the initial term of this Agreement for one year from the date set forth above, and thereafter for successive periods of one year if such continuance is approved at least annually by the Trustees of the Trust including a majority of the members of the Board of Trustees of the Trust who are not interested persons of the Trust and have no direct or indirect financial interest in the operation of any Distribution Plan relating to the Trust or in any related documents to such Plan ("Disinterested Trustees") in the manner required by the Rules and Regulations. If a Fund is added after the first annual approval by the Trustees as described above, this Agreement will be effective as to that Fund upon execution of the applicable exhibit and will continue in effect until the next annual approval of this Agreement by the Trustees and thereafter for successive periods of one year, subject to approval as described above.

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