Termination of Property Management Agreement. (a) At the Closing (hereinafter defined), Manager, on the one hand, and the Joint Venture and the L'Auberge Venturer, on the other hand, shall enter into a Termination Agreement in the form attached hereto as Exhibit A and incorporated herein by this reference, and the Joint Venture shall pay to Manager accrued compensation in accordance with the provisions of the Termination Agreement. (b) Prior to the Closing, Manager shall continue to manage the Project in the same manner and with the same quality as the Project has been managed prior to the execution hereof (and in any event in compliance with the terms and conditions of the Property Management Agreement) and shall be entitled to receive a Property Management Fee in accordance therewith.
Appears in 10 contracts
Samples: Joint Venture Agreement (Berry & Boyle Development Partners Ii), Joint Venture Agreement (Berry & Boyle Cluster Housing Properties), Joint Venture Agreement (Berry & Boyle Development Partners Ii)
