Commencement and Termination Dates. The initial term of this Agreement shall be for twelve (12) months from the date of the Effective Date, and shall automatically renew for successive one (1) year terms unless either party provides written notice to the contrary to the other party at least thirty (30) days prior to the expiration of the then current term (the “Term”); provided that (i) this Agreement shall automatically terminate upon the sale of the Property or any portion thereof (in which event only as to such portion of the Property sold) and (ii) the Company or Property Manager may terminate this Agreement upon the conditions set forth in Section 15 below.
Appears in 19 contracts
Samples: Property and Asset Management Agreement (TNP Strategic Retail Trust, Inc.), Property and Asset Management Agreement (TNP Strategic Retail Trust, Inc.), Property and Asset Management Agreement (TNP Strategic Retail Trust, Inc.)
Commencement and Termination Dates. The initial term of this Agreement shall be for twelve (12) months run to August 10, 2017 from the date of the Effective Date, and shall automatically renew for successive one (1) year terms unless either party provides written notice to the contrary to the other party at least thirty (30) days prior to the expiration of the then current term (the “Term”); provided that (i) this Agreement shall automatically terminate upon the sale of the Property or any portion thereof (in which event only as to such portion of the Property sold) and (ii) the Company or Property Manager may terminate this Agreement upon the conditions set forth in Section 15 below.
Appears in 2 contracts
Samples: Fproperty and Asset Management Agreement (Strategic Realty Trust, Inc.), Fproperty and Asset Management Agreement (Strategic Realty Trust, Inc.)
Commencement and Termination Dates. The initial term of this Agreement shall be for twelve (12) months run to August 10, 2016 from the date of the Effective Date, and shall automatically renew for successive one (1) year terms unless either party provides written notice to the contrary to the other party at least thirty (30) days prior to the expiration of the then current term (the “Term”); provided that (i) this Agreement shall automatically terminate upon the sale of the Property or any portion thereof (in which event only as to such portion of the Property sold) and (ii) the Company or Property Manager may terminate this Agreement upon the conditions set forth in Section 15 below.
Appears in 2 contracts
Samples: Property and Asset Management Agreement (Strategic Realty Trust, Inc.), Property and Asset Management Agreement (Strategic Realty Trust, Inc.)
