Common use of Term and Termination Clause in Contracts

Term and Termination. (a) This Agreement shall terminate upon the first to occur of (i) the dissolution of the Issuer; (ii) upon notice of termination from the Administrator that the Administrator desires to withdraw as the administrator of the Issuer, Masterworks Cayman and of the Artwork, which the Administrator may give at any time in the event that the Administrator determines that it desires to cease providing services of the type as set forth herein to any Person, and provided that the Administrator does so cease providing such services thereunder, (iii) upon the Removal Effective Date, and (iv) on the joint agreement of the Parties.

Appears in 146 contracts

Samples: Management Services Agreement (Masterworks 167, LLC), Management Services Agreement (Masterworks 193, LLC), Management Services Agreement (Masterworks 205, LLC)

AutoNDA by SimpleDocs

Term and Termination. (a) This Agreement shall terminate upon the first to occur of (i) the dissolution of the Issuer; (ii) upon notice of termination from the Administrator that the Administrator desires to withdraw as the administrator of the Issuer, Masterworks Cayman and of the ArtworkPainting, which the Administrator may give at any time in the event that the Administrator determines that it desires to cease providing services of the type as set forth herein to any Person, and provided that the Administrator does so cease providing such services thereunder, (iii) upon the Removal Effective Date, and (iv) on the joint agreement of the Parties.

Appears in 99 contracts

Samples: Administrative Services Agreement (Masterworks 097, LLC), Administrative Services Agreement (Masterworks 072, LLC), Administrative Services Agreement (Masterworks 074, LLC)

Term and Termination. (a) This Agreement shall terminate upon the first to occur of (i) the dissolution of the Issuer; (ii) upon notice of termination from the Administrator that the Administrator desires to withdraw as the administrator of the Issuer, Masterworks Cayman and of the ArtworkPainting, which the Administrator may give at any time in the event that the Administrator determines that it desires to cease providing services of the type as set forth herein to any Person, and provided that the Administrator does so cease providing such services thereunder, thereunder and (iii) upon the Removal Effective Date, and (iv) on the joint agreement of the Parties.

Appears in 50 contracts

Samples: Administrative Services Agreement (Masterworks 006, LLC), Administrative Services Agreement (Masterworks 020, LLC), Administrative Services Agreement (Masterworks 015, LLC)

Term and Termination. (a) This Agreement shall terminate upon the first to occur of (i) the dissolution of the Issuer; (ii) upon notice of termination from the Administrator that the Administrator desires to withdraw as the administrator of the Issuer, Masterworks Cayman and of the Artwork, which the Administrator may give at any time in the event that the Administrator determines that it desires to cease providing services of the type as set forth herein to any Person, and provided that the Administrator does so cease providing such services thereunder, (iii) upon the Removal Effective DateDate (as defined below), and (iv) on the joint agreement of the Parties.

Appears in 11 contracts

Samples: Administrative Services Agreement (Masterworks 001, LLC), Management Services Agreement (Masterworks 284, LLC), Management Services Agreement (Masterworks 172, LLC)

Term and Termination. (a) This Agreement shall terminate upon the first to occur of (i) the dissolution of the IssuerCompany; (ii) upon notice of termination from the Administrator that the Administrator desires to withdraw as the administrator of the IssuerCompany, Masterworks Cayman and of the Artwork, which the Administrator may give at any time in the event that the Administrator determines that it desires to cease providing services of the type as set forth herein to any Person, and provided that the Administrator does so cease providing such services thereunder, (iii) upon the Removal Effective DateDate (as defined below), and (iv) on the joint agreement of the Parties.

Appears in 4 contracts

Samples: Management Services Agreement (Masterworks Vault 5, LLC), Management Services Agreement (Masterworks Vault 3, LLC), Management Services Agreement (Masterworks Vault 4, LLC)

Term and Termination. (a) This Agreement shall terminate upon the first to occur of (i) the dissolution of the IssuerCompany; (ii) upon notice of termination from the Administrator that the Administrator desires to withdraw as the administrator of the IssuerCompany, Masterworks Cayman and of the Artwork, which the Administrator may give at any time in the event that the Administrator determines that it desires to cease providing services of the type as set forth herein to any Person, and provided that the Administrator does so cease providing such services thereunder, (iii) upon the Removal Effective Date, and (iv) on the joint agreement of the Parties.

Appears in 3 contracts

Samples: Management Services Agreement (Masterworks Vault 1, LLC), Management Services Agreement (Masterworks Vault 2, LLC), Management Services Agreement (Masterworks Vault 3, LLC)

Term and Termination. (a) This Agreement shall terminate upon the first to occur of (i) the dissolution of the Issuer; (ii) upon notice of termination from the Administrator that the Administrator desires to withdraw as the administrator of the Issuer, Masterworks Cayman and of the ArtworkPainting, which the Administrator may give at any time in the event that the Administrator determines that it desires to cease providing services of the type as set forth herein to any Person, and provided that the Administrator does so cease providing such services thereunderthereunder , (iii) upon the Removal Effective Date, and (iv) on the joint agreement of the Parties.

Appears in 2 contracts

Samples: Administrative Services Agreement (Masterworks 043, LLC), Administrative Services Agreement (Masterworks 044, LLC)

AutoNDA by SimpleDocs

Term and Termination. (a) This Agreement shall terminate upon the first to occur of (i) the dissolution of the Issuer; (ii) upon notice of termination from the Administrator that the Administrator desires to withdraw as the administrator of the Issuer, Masterworks MW Cayman and of the ArtworkPainting, which the Administrator may give at any time in the event that the Administrator determines that it desires to cease providing services of the type as set forth herein to any Person, and provided that the Administrator does so cease providing such services thereunder, thereunder and (iii) upon the Removal Effective Date, and (iv) on the joint agreement of the Parties.

Appears in 2 contracts

Samples: Administrative Services Agreement (Masterworks 002, LLC), Form of Administrative Services Agreement (Masterworks 003, LLC)

Term and Termination. (a) a. This Agreement shall terminate upon the first to occur of (i) the dissolution of the Issuer; (ii) upon notice of termination from the Administrator that the Administrator desires to withdraw as the administrator of the Issuer, Masterworks Cayman and of the ArtworkPainting, which the Administrator may give at any time in the event that the Administrator determines that it desires to cease providing services of the type as set forth herein to any Person, and provided that the Administrator does so cease providing such services thereunder, (iii) upon the Removal Effective Date, and (iv) on the joint agreement of the Parties.

Appears in 1 contract

Samples: Administrative Services Agreement (Masterworks 029, LLC)

Term and Termination. (a) This Agreement shall terminate upon the first to occur of (i) the dissolution of the Issuer; (ii) upon notice of termination from the Administrator that the Administrator desires to withdraw as the administrator of the IssuerIssuer , Masterworks MW Cayman and of the ArtworkPainting, which the Administrator may give at any time in the event that the Administrator determines that it desires to cease providing services of the type as set forth herein to any Person, and provided that the Administrator does so cease providing such services thereunder, thereunder and (iii) upon the Removal Effective Date, and (iv) on the joint agreement of the Parties.

Appears in 1 contract

Samples: Form of Administrative Services Agreement (Masterworks 002, LLC)

Time is Money Join Law Insider Premium to draft better contracts faster.