Payment Notice. For purposes of this Section 2.4, a Management Agreement will be deemed to be terminated when, following the delivery of a notice of termination, the Company ceases receiving the management fees with respect to the Management Agreement.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Sunrise Assisted Living Inc), Stock Purchase Agreement (Marriott International Inc /Md/)
Payment Notice. For purposes of this Section 2.42.7, a Management Agreement will be deemed to be terminated when, following the delivery of a notice of termination, the Company ceases receiving the management fees with respect to the Management Agreement.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Marriott International Inc /Md/), Stock Purchase Agreement (Sunrise Assisted Living Inc)
