Duration of Management Term Sample Clauses
Duration of Management Term. The Management Term shall commence as of the Closing Date and shall continue in force with respect to an Owner Compressor until the earliest to occur of: (i) the occurrence of a Compressor Termination Event with respect to such Owner Compressor, (ii) the date on which the Indenture is discharged in accordance with its terms and all Outstanding Obligations (including all amounts owing to any Series Enhancer pursuant to any Enhancement Agreement) have been paid in full, and (iii) with respect to any Manager, the removal and replacement of the Manager in accordance with the provisions of Section 12 hereof. Except as set forth in this Section 3 or Section 12 hereof, the rights and obligations of the Manager hereunder may not be terminated by, or on behalf of, the Issuer or the Lessor for any reason.
Duration of Management Term. The term of Manager’s duties hereunder (the “Management Term”) shall commence as of the Effective Date and, subject to the provisions of Sections 3.3 and 13, shall continue until terminated by Owner as provided herein. Except as set forth in Section 13, the rights and obligations of ARI as the Manager hereunder may not be terminated by, or on behalf of, Owner for any reason prior to payment of all outstanding secured indebtedness of the Owner. After payment of all secured indebtedness of the Owner, the Owner may terminate this Agreement upon sixty (60) days’ prior written notice to the Manager and the Manager may terminate this Agreement upon one-hundred and eighty (180) days’ prior written notice to the Owner.
Duration of Management Term. (a) Subject to the provisions of Sections 3.2 and 12, the initial term (the “Initial Term”) of this Agreement shall have commenced on January 1, 2011 and continue through December 31, 2015. Upon written agreement by the parties, this Agreement may be renewed for successive periods (each, a “Renewal Term”, if any and together with, the Initial Term, the “Term”).
(b) [*****]
Duration of Management Term. The Management Term shall commence as of the date hereof and shall continue in force with respect to an Owner Compressor until the earliest to occur of: (i) the occurrence of a Casualty Loss (as defined below) with respect to such Owner Compressor, (ii) the date on which (x) the Indenture is discharged in accordance with its terms and all Outstanding Obligations (including all amounts owing to each Series Enhancer pursuant to any Enhancement Agreement) have been paid in full, and (iii) with respect to any Manager, the removal and replacement of the Manager in accordance with the provisions of Section 12 hereof. Except as set forth in Section 12 hereof, the rights and obligations of the Manager hereunder may not be terminated by, or on behalf of, any Owner for any reason.
Duration of Management Term. The term of Manager’s duties hereunder (the “Management Term”) shall commence as of the date hereof and, subject to the provisions of Section 3.3 and Section 13, shall continue until terminated by Owner as provided herein. Except as set forth in Section 13, the rights and obligations of ARL as the initial Manager hereunder may not be terminated by, on or behalf of, Owner for any reason.
Duration of Management Term. 8 Section 3.2