Management Termination Sample Clauses
Management Termination. In the event that there shall have occurred and be continuing an Event of Default and the Debt has been accelerated, then, upon Lender's request, Borrower shall replace the present Manager with a managing agent approved by Lender in its sole discretion. Section 4.14
Management Termination. Documentation evidencing that the Seller's agreement with its current manager for the Property will be terminated at no cost to Buyer effective as of the Close of Escrow.
Management Termination. 40 4.14 Financial Statements; Audit Rights..............................40 4.14.1 Statements to be Delivered......................................40 4.14.2 Time for Delivery...............................................41 4.15 Maintenance of Non-Taxable Status...............................41 4.16 Lender's Attorneys' Fees and Expenses...........................41 4.17 Environmental...................................................42 4.18 Report Updates..................................................43
Management Termination. In the event the Contract for Management between Landlord and Foothills is cancelled during term of this Lease, or any extension, the Security Deposit will be sent to Landlord in a check made payable to both Landlord and Tenant. Tenant will need to negotiate directly with Landlord for return of deposit. Exception: If a new Property Management firm is hired the Security Deposit will be forwarded to the new firm to be placed in their Tenant Trust Account. • Additional Costs: Additional costs may be charged to the Tenant as rent, including, but not limited to the following: unpaid utility bills, rental fees for appliances or furniture, unpaid pool chemicals, HOA fines levied as a result of Tenant's failure to comply with CC&R's and R&R’s of the HOA, fees for filing and serving notices, legal fees including attorney's fees, court costs and costs of collection. Any written notice issued to tenant for non-compliance or non-payment shall create a minimum $25.00 charge to tenant as additional rent. A complete list of charges is found in the Leasing Guidelines incorporated herein by reference. • No Deductions from Rent: Under no circumstances may tenant deduct repairs or maintenance cost done by tenant from the monthly rent or use repair receipts for partial rent. If the tenant obtains permission to make repairs to the property from the Property Manager in writing in advance of actual repairs and then provides Foothills with the receipt Tenant shall be repaid within ten (10) days of receipt of invoice, by separate check. • Collection of Debt: If at the termination of the Rental Agreement, Tenant owes any money under this agreement for any reason and Foothills in tum, turns over the account to a collection service or a collection attorney, the Tenant will be responsible for the amount of money owed and all costs associated with the collection service or attorney fees.
Management Termination. If, at any time, Timeshare Unit Vacancies available for hotel use as provided herein are equal to or fewer than twenty percent (20%) of the aggregate number of keys in the Timeshare Property then completed, then completed to date, then Manager may terminate the Timeshare Property Management Agreement, attached as Exhibit 1, by giving thirty (30) days notice of such termination.