Common use of Termination by Agent Clause in Contracts

Termination by Agent. Notwithstanding anything to the contrary contained herein, Agent shall hereafter have the right to terminate this Agreement at a time chosen by Agent in its sole discretion. In the event Agent chooses to terminate this Agreement, Agent must first issue written notice of such termination to Owner at least thirty (30) days prior to the date upon which Agent designates as the date this Agreement shall terminate. In the event Agent issues the aforesaid notice to Owner, this Agreement shall terminate on the date which is designated by Agent in the aforesaid notice to Owner.

Appears in 4 contracts

Samples: Center Management and Leasing Agreement (AmREIT Monthly Income & Growth Fund III LTD), Center Management and Leasing Agreement (AmREIT Monthly Income & Growth Fund III LTD), Management and Leasing Agreement (AmREIT Monthly Income & Growth Fund III LTD)

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