Termination of Management. Upon the First Production: (i) Wescor's rights and duties under Section 5.1 to manage MicroCor, including the Wescor Funding Obligations and the Wescor Financing Obligations, shall automatically terminate, (ii) MicroCor shall operate as a stand-alone company subject to the autonomous control of its Board of Directors, and (iii) the size and composition of MicroCor's Board of Directors shall thereafter be determined pursuant to applicable corporate law, provided that the parties to this Agreement hereby agree that shareholders shall have the right to vote their shares cumulatively in subsequent elections of MicroCor's Board of Directors. InMedica, Chi Lxx xxx Wescor shall take all necessary action, in their capacities as shareholders of MicroCor, to accomplish the foregoing provision of this Section.
Termination of Management. To terminate all management and approval rights of the Defaulting Member under this Agreement, including, without limitation, the removal of the Defaulting Member’s Representatives and Alternates from the Executive Committee and the termination of the Defaulting Member’s right to appoint any future Representatives thereto or otherwise participate in any meeting or action taken by the Executive Committee; provided, however that with respect to an Event of Default under Section 15.1A, such Defaulting Member may have its management and approval rights reinstated if the Defaulting Member cures such default by repaying any Non-Contribution Loan, together with all unpaid accrued interest thereon at the Default Interest Rate. Following the removal of any Defaulting Member’s Representatives and Affiliates from the Executive Committee, any actions requiring the Approval of the Executive Committee shall only require the following: If such Approval is requested prior to the commencement of the Development Stage, then only the Approval of Representatives with a Voting Interest representing a Majority-in-Interest of the Members entitled to vote on such matter shall be required. If such Approval is requested after the Development Stage commences, then only the Approval of Representatives with a Voting Interest representing a Majority-in-Interest of the Members entitled to vote on such matter plus the approval of the Representative of at least one Developer that (i) is not a Defaulting Member, and (ii) owns at least seven and one-half (7.5%) of the Percentage Interests in the Company; provided, however, that such Approval by a Developer’s Representative shall not be required if no Developer meets such requirements.
Termination of Management. (i) The period of management shall terminate by either party giving one calendar month’s notice in writing to the other party or such other period as is agreed .
Termination of Management. The period of management shall terminate by either party giving one calendar month’s notice in writing to the other party or such other period as is agreed . In exceptional circumstances notice of immediate termination can be given by either party. The Manager shall give all reasonable assistance and explanations for the proper handing back of the management of the firm. The Law Society shall be informed of the termination of the management period. MANAGEMENT PERIOD NOT TO CONTINUE IF THE PRACTITIONER’S PRACTISING CERTIFICATE IS NOT RENEWED If The Practitioner’s practising certificate expires during the period of the management and the Practitioner is not in a position to renew his / her practising certificate, this management agreement will not continue beyond the date of the expiry of the practising certificate.
Termination of Management. Agreement Section 6.1.21
Termination of Management. The termination of all management and approval rights of the Defaulting Member as a Member under this Agreement, including, without limitation, the replacement of the Defaulting Member as Entitlement Manager or Development Manager with Persons selected by the non-defaulting Member, the replacement of the Defaulting Member’s Representatives and Alternates for the Executive Committee with Persons selected by the non-defaulting Member, and the termination of the Defaulting Member’s right to appoint any future Representatives thereto or otherwise participate in any meeting or action taken by the Executive Committee; provided, however that with respect to an Event of Default under Section 13.1A, such Defaulting Member may have its management and approval rights reinstated (including, without limitation, the reinstatement of its Representatives and Alternates) if the Defaulting Member cures such default and, to the extent outstanding, repays any Non-Contribution Loan or Non CE Loan, as applicable, together with all unpaid accrued interest thereon at the Default Interest Rate.
Termination of Management. The termination of all management and approval rights as a Member under this Agreement, including, without limitation, the removal of the Defaulting Member’s Representatives and Alternates from the Executive Committee and the termination of the Defaulting Member’s right to appoint any future Representatives thereto or otherwise participate in any meeting or action taken by the Executive Committee; provided, however that with respect to an Event of Default under Section 15.1A, such Defaulting Member may have its management and approval rights reinstated if the Defaulting Member cures such default and, to the extent outstanding, repays any Non-Contribution Loan or Non CE Loan, as applicable, together with all unpaid accrued interest thereon at the Default Interest Rate.
Termination of Management. Because having a strong executive management is a significant aspect of the value of the Company, if Bruno leaves the employment of the Surviving Corporation due to Voluntary Termination or termination by the Surviving Corporation for Cause Applicable to the Founder Shareholder, any Merger Consideration allocated but not yet payable to Bruno shall be forfeited by him, and the aggregate Merger Consideration payable hereunder shall be reduced by such amount (and not payable to any other shareholder), unless Bruno has found or finds within three months of the termination, a comparable replacement for his position acceptable to the Surviving Corporation; provided that, if Bruno's employment is terminated under circumstances that otherwise would require him to forfeit a portion of the Merger Consideration under the preceding clause during the third year following the Closing, he shall be entitled to receive on the third anniversary of the Closing a pro rata portion of the payment to which he would otherwise be entitled to receive on such anniversary based upon the portion of such year that he was employed by Surviving Corporation, calculated as (1) days worked during such year divided by 365 multiplied by (2) the amount payable under Section 2.1(a)(ii)(C) as adjusted first by Section 2.2(f) and subsequently by Section 2.2(d).
Termination of Management. The Landlord may withdraw instructions from the Agent with four months written notice. In the event that the Tenant remains in possession of the Property, charges will be payable as if the Agent were then instructed on an Introduction Service basis where a fee of 1 months rent is payable. If the Agent has provided a Rent and Legal Protection Policy there will be a charge of 2.5% of the annual rent or an appropriate proportion of the unexpired term of the policy. The Agent may terminate the Agreement immediately if you breach any of the Terms contained in this Agreement or the Tenancy Agreement, which are not remedied within thirty days of written notice or in the event that you do or do not do something which makes it impossible, impractical or illegal to continue providing our services. We reserve the right to assign our rights and/or obligation under this Agreement. Post withdrawal, the landlord is still liable to pay a fee, mentioned in Additional Charges, when the tenancy becomes periodic, is renewed, extended, rent increased or every 12 months. The terms of this agreement shall continue until the tenant, or any person associated with the tenant originally introduced by the Agent, leaves.
Termination of Management. This Agreement may be terminated by either party by way of two months’ written notice. You may withdraw your instruction to us to manage your property, however, if the premises are handed over to you with the Tenant/s still in residence a fee of £450 per tenancy will be charged. The Landlord shall provide the Agent with any requirements for return and repossession of the property at the earliest opportunity. Landlords should be aware that any Tenancy Agreement entered into on the Landlord’s behalf is a legally binding agreement for the term agreed. Details of any tenancy agreement being entered into will be communicated to the Landlord as soon as possible. Landlords should be aware that the legal minimum notice to a Tenant/s under an Assured Short-hold Tenancy is two months’ (should the contract allow for early termination) and this needs to be given even in the case of a Fixed Term Tenancy which is due to expire. Sole Letting Rights By signing these Terms of Business you instruct us to act on your behalf as your Agent with your full authority in connection with the letting and management of your property. It is also agreed that only the Agent may let the property. Confirmation of Instruction The following will determine the costs involved with our Management Service: Management Commission 10% Rent & Legal Insurance NEW POLICY £270.00 This has been adjusted due to COVID There is no excess New Tenancy Charges £386.00 - £450.00 Dependant of Property & Tenancy Covers: All legal documentation Full References, Tenancy Agreement Marketing Check in, Check out at the end of tenancy Full colour Inventory Deposit Protection
