Common use of Manager Termination Clause in Contracts

Manager Termination. Manager shall have the right to terminate this Agreement prior to the end of any Term, by written notice to Company, stipulating the intended date of termination, upon the occurrence of any one of the following events: (i) in the event of a Company Default (defined herein); (ii) any grossly negligent or intentional or willful misconduct by Company; (iii) any Federal enforcement action described in Section 21 against Company; (iv) any change or revocation of State or local law, or any adverse change in the enforcement policies of the Federal government pertaining to the operation of a crowdfunding platform; or (v) Company’s failure to maintain its crowdfunding platform license in good standing resulting in revocation of its Crowdfunding Platform License.

Appears in 3 contracts

Sources: Crowdfunding Platform Management and Maintenance Services Agreement (Blue Chip Capital Group Inc.), Management Services Agreement (Blue Chip Capital Group Inc.), Management Services Agreement (Blue Chip Capital Group Inc.)