TERMINATION WITH NOTICE FOR CAUSE Sample Clauses

TERMINATION WITH NOTICE FOR CAUSE. Owner may terminate this Agreement "FOR CAUSE" (as defined below) by the delivery of written notice of such termination to Manager. The acts or omissions of Manager which shall entitle Owner to terminate this Agreement "FOR CAUSE" shall include: (a) failure to operate or lease the Projects in an independent manner in the best interest of Owner without favoritism to any other property in which Manager or any Affiliate (as defined below) of Manager has any direct or indirect interest, unless Owner fails to act in a commercially reasonable manner in approving the budgets for such Projects; (b) failure to operate or lease a Project in accordance with the standards presently in effect with respect to the operation and leasing of such Project, unless Owner fails to act in a commercially reasonable manner in approving the budgets for such Projects; (c) failure to operate or lease a Project at a level of quality at least equal to any other property of a type similar to such Project located in Orange County or San Diego County, California (as applicable) in which Manager or any Affiliate has any direct or indirect interest, unless Owner fails to act in a commercially reasonable manner in approving the budgets for such Projects; (d) failure to provide accurate and timely reporting of financial and other information as required by this Agreement; or (e) failure to cure any other breach of this Agreement by Manager within the time period specified herein. Any termination pursuant to this SECTION 3.1 shall be effective upon the expiration of ten (10) days following the giving of such notice of termination to Manager, unless Manager cures the specified failure within such ten (10) day period, or, alternatively, if such failure is not capable of cure within ten (10) days, unless Manager, within ten (10) days following the giving of such notice, shall have initiated all necessary and appropriate action to cure such failure and continues such action diligently to completion; provided, however, that in no event shall such cure period exceed a total of sixty (60) consecutive days. For purposes of this Agreement, "AFFILIATE" shall mean any managing general partner of Manager and any person or entity (other than Owner and The Irvine Company) which directly, or indirectly through one or more intermediaries, Controls, is Controlled by or is under common Control (as such terms are defined below) with a general partner of Manager (ii) any director or executive officer of Manager o...
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Related to TERMINATION WITH NOTICE FOR CAUSE

  • Termination with Notice Either the Contractor or the Company may terminate this Agreement by providing at least thirty (30) days prior written notice to the other party.

  • Termination for Cause The Company may terminate Executive’s employment for Cause, as defined below.

  • Termination with Good Reason Executive may terminate this Agreement for Good Reason, and thereby resign his employment, after providing thirty (30) days’ written notice to the Company of the act(s) or omission(s) constituting Good Reason (which notice must be given within ninety (90) days after the occurrence of such act(s) or omission(s) and describe the act(s) or omission(s) in reasonable detail) if such act(s) or omission(s) is/are not cured by the Company within thirty (30) days after Executive provides such written notice. For purposes hereof, “Good Reason” means any of the following reasons that occurs without Executive’s written consent:

  • Termination With Cause The Master Servicer may, at its sole option, terminate any rights the Primary Servicer may have hereunder with respect to any or all of the Mortgage Loans, as provided in Section 4.01 of this Agreement upon the occurrence of a Primary Servicer Termination Event. Any notice of termination shall be in writing and delivered to the Primary Servicer as provided in Section 6.05 of this Agreement.

  • Notice of Termination for Cause Notice of Termination for Cause shall mean a notice to Executive that shall indicate the specific termination provision in Section 7(c) relied upon and shall set forth in reasonable detail the facts and circumstances which provide a basis for Termination for Cause.

  • Termination for Cause by Company Although the Company anticipates the continuation of a mutually rewarding employment relationship with Executive, the Company may terminate Executive’s employment immediately at any time for Cause. For purposes of this Agreement, “Cause” is defined as: (a) acts or omissions constituting gross negligence, recklessness or willful misconduct on the part of Executive with respect to Executive’s obligations or otherwise relating to the business of the Company; (b) Executive’s material breach of this Agreement, including, without limitation, any breach of Section 8, Section 9 or Section 11; (c) Executive’s breach of the Company’s Employee Nondisclosure and Assignment Agreement (a signed copy of which was delivered to the Company with the Original Agreement) (the “Nondisclosure Agreement”); (d) Executive’s conviction or entry of a plea of nolo contendere for fraud, misappropriation or embezzlement, or any felony or crime of moral turpitude; (e) Executive’s inability to perform the essential functions of Executive’s position, with or without reasonable accommodation, due to a mental or physical disability; (f) Executive’s willful neglect of duties as determined in the sole and exclusive discretion of the Board, provided that Executive has received written notice of the action or omission giving rise to such determination and has failed to remedy such situation to the satisfaction of the Board within thirty (30) days following receipt of such written notice, unless Executive’s action or omission is not subject to cure, in which case no such notice shall be required, or (g) Executive’s death. In the event Executive’s employment is terminated in accordance with this Section 7.1, Executive shall be entitled to receive only Executive’s Base Salary then in effect, prorated to the date of Executive’s termination of employment with the Company (the “Termination Date”), and all amounts and benefits earned or incurred pursuant to Sections 5 and 6 through the Termination Date. All other Company obligations to Executive pursuant to this Agreement will be automatically terminated and completely extinguished as of the Termination Date, but will be subject to the surviving provisions of this Agreement set forth in Section 14.8. Executive will not be entitled to receive the Severance Package described in Section 7.2. Any termination pursuant to this Section 7.1 shall be evidenced by a resolution or written consent of the Board, and the Company shall provide Executive with a copy of such resolution or written consent, certified by the Secretary of the Company, upon Executive’s written request.

  • Notice of Voluntary Termination Promptly upon the filing thereof, copies of any Form 5310, or any successor or equivalent form to Form 5310, filed with the PBGC in connection with the termination of any Plan.

  • Termination for Cause; Voluntary Termination If at any time during the Term the Executive’s employment with the Company is terminated pursuant to Section 4.6 or 4.7, the Executive shall be entitled to only the following:

  • Termination for Just Cause (a) The term “

  • Termination Without Cause; Termination for Good Reason If the Company shall terminate the Executive’s employment, other than for Cause, or the Executive shall terminate his employment for Good Reason, then;

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