THIRD PARTY MANAGEMENT AGREEMENTS. Wellsford shall not amend the existing Third Party Management Agreement which provides that such agreement may be cancelled by Wellsford on thirty days' notice or less without any charge, penalty or other cost for such cancellation. Wellsford shall not renew the other existing Third Party Management Agreement which expires in April, 1997 except on terms which permit its cancellation by Wellsford on thirty days' notice or less without any charge, penalty or other cost for such cancellation, and shall not thereafter amend such terms.
Appears in 4 contracts
Samples: Merger Agreement (Wellsford Residential Property Trust), Merger Agreement (Equity Residential Properties Trust), Merger Agreement (Equity Residential Properties Trust)
