Termination on Sale. If the Property is sold, exchanged or otherwise transferred by Owner at any time during the Term, (a) Owner shall provide Property Manager with reasonable advance notice of the proposed transfer, (b) this Agreement shall terminate as of the effective date of the transfer, and (c) neither Owner nor Owner's successor shall have any further liability to Property Manager under this Agreement except with respect to Management Fees earned and unpaid as of the date of termination.
Appears in 3 contracts
Samples: Operating Agreement (Burnham Pacific Properties Inc), Property Management Agreement (Burnham Pacific Properties Inc), Property Management Agreement (Burnham Pacific Properties Inc)
Termination on Sale. If the Property is sold, exchanged or otherwise transferred by Owner at any time during the Term, (a) Owner shall provide Property Manager with reasonable advance notice of the proposed transfer, (b) this Agreement shall terminate as of the effective date of the transfer, transfer and (cb) neither Owner nor Owner's ’s successor shall have any further liability to Property Manager under this Agreement except with respect to Management Fees earned amounts payable to Property Manager under this Agreement accrued and unpaid as of the date of termination.
Appears in 1 contract
Samples: Contribution Agreement (Digital Realty Trust, Inc.)
Termination on Sale. If the Property Building is sold, exchanged or otherwise transferred by Owner at any time during the Term, (a) Owner shall provide Property Manager with reasonable advance notice of the proposed transfer, ; (b) this Agreement shall terminate as of the effective date of the transfer, ; and (c) neither Owner nor Owner's successor shall have any further liability to Property Manager under this Agreement except with respect to Management Fees and other applicable fees, if any, earned and unpaid as of the date of termination.
Appears in 1 contract
Samples: Property Management Agreement
