Common use of Default by Manager Clause in Contracts

Default by Manager. (1) If Manager defaults in any material respect in performing any of its obligations under this Agreement and such default is not cured within thirty (30) days after notice thereof is given by Company to Manager, then, subject to Section 6.2(2) hereof, Company shall have the right to terminate this Agreement by giving written notice to that effect to Manager.

Appears in 2 contracts

Samples: Corporate Services Agreement (Taubman Centers Inc), Corporate Services Agreement (Taubman Centers Inc)

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Default by Manager. (1) If Manager defaults in any material respect in performing any of its obligations under this Agreement and such default is not cured within thirty (30) days after notice thereof is given by Company Owner to Manager, then, then subject to Section 6.2(24.2(2) hereofbelow, Company Owner shall have the right to terminate this Agreement by giving written notice to that effect to Manager.

Appears in 1 contract

Samples: Loan Agreement (Taubman Centers Inc)

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Default by Manager. (1) If Manager defaults in any material respect in performing any of its obligations under this Agreement and such default is not cured within thirty (30) days Days after notice thereof is given by Company Owner to Manager, then, subject to Section 6.2(29.2(2) hereof, Company Owner shall have the right to terminate this Agreement by giving written notice to that effect to Manager.

Appears in 1 contract

Samples: Corporate Services Agreement (Taubman Centers Inc)

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