Common use of Termination of Management Agreement Clause in Contracts

Termination of Management Agreement. This Agreement shall terminate automatically without notice and immediately if (a) KKR Real Estate Finance Manager LLC or another affiliate of Licensor is no longer acting as manager (any such entity, the “Manager”) to Licensee under the Second Amended and Restated Management Agreement, dated as of March 29, 2016 (as the same may be amended, modified or otherwise restated, the “Management Agreement”), or a similar agreement, or (b) the Manager is no longer an affiliate of Licensor. Further, Licensor may terminate this Agreement, effective upon written notice, at any time after 30 days from the date that Licensee notifies Licensor that the Management Agreement has terminated or is not being renewed. The term “affiliate” as used herein shall have the meaning given to such term in the Management Agreement.

Termination of Management Agreement. This Agreement shall terminate automatically without notice and immediately if (a) KKR Real Estate Finance DAV Manager LLC or another affiliate of Licensor is no longer acting as manager (any such entity, the “Manager”) to Licensee under the Second Amended and Restated Management Agreement, dated as of March 29May 26, 2016 2023 (as the same may be amended, modified or otherwise restated, the “Management Agreement”), or a similar agreement, or (b) the Manager is no longer an affiliate of Licensor. Further, Licensor may terminate this Agreement, effective upon written notice, at any time after 30 days from the date that Licensee notifies Licensor that the Management Agreement has terminated or is not being renewedterminated. The term “affiliate” as used herein shall have the meaning given to such term in the Management Agreement.

Termination of Management Agreement. This Agreement shall terminate automatically without notice and immediately if (a) KKR Real Estate Finance DAV Manager LLC or another affiliate of Licensor is no longer acting as manager (any such entity, the “Manager”) to Licensee under the Second Amended and Restated Management Agreement, dated as of March 29July 27, 2016 2023 (as the same may be amended, modified or otherwise restated, the “Management Agreement”), or a similar agreement, or (b) the Manager is no longer an affiliate of Licensor. Further, Licensor may terminate this Agreement, effective upon written notice, at any time after 30 days from the date that Licensee notifies Licensor that the Management Agreement has terminated or is not being renewedterminated. The term “affiliate” as used herein shall have the meaning given to such term in the Management Agreement.