Common use of Termination Upon Sale of the Hotel Clause in Contracts

Termination Upon Sale of the Hotel. Notwithstanding any provision in this Agreement to the contrary (including, without limitation, Sections 20.01 A, B, and C above), Owner shall have the right to terminate this Agreement upon any Sale of the Hotel anytime after one hundred and twenty (120) Accounting Periods after the Effective Date provided that Owner: (i) provides at least sixty (60) days’ prior notice to Management Company, and (ii) remits to Management Company payment of the applicable Sale Termination Fee simultaneously with the Termination of this Agreement.

Termination Upon Sale of the Hotel. Notwithstanding any provision in this Agreement to the contrary (including, without limitation, Sections 20.01 A, B, and C above), Owner shall have the right to terminate this Agreement upon any Sale of the Hotel anytime after one hundred and twenty (120) Accounting Periods after the Effective Date provided that Owner: (i) provides at least sixty (60) days’ ' prior notice to Management Company, and (ii) remits to Management Company payment of the applicable Sale Termination Fee simultaneously with the Termination of this Agreement.

Termination Upon Sale of the Hotel. Notwithstanding any provision in this Agreement to the contrary (including, without limitation, Sections 20.01 A, B, and C above), Owner shall have the right to terminate this Agreement upon any Sale of the Hotel anytime after one hundred and twenty (120) Accounting Periods after the Effective Date provided that Owner: (i) provides at least sixty (60) days’ prior notice to Management Company, and (ii) remits to Management Company payment of the applicable Sale Termination Fee simultaneously with the Termination of this Agreement.

Termination Upon Sale of the Hotel. Notwithstanding any provision in this Agreement to the contrary (including, without limitation, Sections 20.01 A, B, A and C B above), Owner shall have the right to terminate this Agreement upon any Sale of the Hotel anytime after one hundred and twenty (120) Accounting Periods after the Effective Date provided that Owner: (i) provides at least sixty (60) days’ prior notice to Management Company, and (ii) remits to Management Company payment of the applicable Sale Termination Fee simultaneously in accordance with the Termination of this Agreement.Section 20.01 E.