TERM a. This Agreement shall continue in force and effect for a period of 90-days from the date hereof (unless terminated earlier in accordance with the provisions of the Agreement). b. Balanced Care shall have the right to terminate this Agreement upon ten (10) days prior written notice to New Operator (i) in the event of any breach of this Agreement by New Operator which is not cured within ten (10) days after receipt of written notice from Balanced Care setting forth in reasonable detail the nature of such breach or upon the taking by New Operator of any affirmative act of insolvency, or (ii) upon the appointment of any receiver or trustee to take possession of the properties of New Operator or upon the winding-up, sale, consolidation, merger or any sequestration by governmental authority of New Operator. 9.
Appears in 7 contracts
Samples: Operations Transfer Agreement (Emeritus Corp\wa\), Operations Transfer Agreement (Emeritus Corp\wa\), Operations Transfer Agreement (Emeritus Corp\wa\)
