Termination of Hotel Management Agreement. The Hotel Management Agreement shall automatically terminate and be of no further force or effect upon Closing of the transaction contemplated by this Agreement. Neither Purchaser nor Seller shall be released from any liabilities or obligations arising under the Hotel Management Agreement prior to Closing and, notwithstanding anything contained in the Hotel Management Agreement to the contrary, said liabilities shall survive the Closing for a period of two years.
Termination of Hotel Management Agreement. The Hotel Management Agreement is terminated or suspended for any reason unless a substitute management agreement, reasonably satisfactory to Lender, is entered into by Borrower; or
Termination of Hotel Management Agreement. If the Hotel Management Agreement expires or is terminated for any reason, either Manager or the Condominium may, at its option, terminate this Agreement, such termination to be effective as of the date of delivery of a written notice given by Manager to the Condominium, or such other date specified in the notice. Any such termination shall not constitute an Event of Default/Condominium or an Event of Default/Manager.
Termination of Hotel Management Agreement. Seller shall have caused the Hotel Management Agreement to be terminated, at Seller’s sole cost and expense.
Termination of Hotel Management Agreement. (a) Seller shall provide evidence to Buyer that Seller has terminated the Hotel Management Agreement on the Closing Date, which evidence may include Hotel Manager entering into the New Management Agreement.
