Common use of Termination by Breach Clause in Contracts

Termination by Breach. Except as otherwise provided in Sections 8.1 through 8.3 above, this Agreement may be terminated by Owner only for cause, which is defined as Manager's material and substantial breach of any provision of this Agreement which is not cured within thirty (30) days, such breach shall be deemed cured if Manager commences curative action within such thirty-day period and thereafter reasonably pursues the action to completion.

Appears in 3 contracts

Samples: Property Management Agreement, Property Management Agreement, Property Management Agreement

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Termination by Breach. Except as otherwise provided in Sections 8.1 through 8.3 above, this Agreement may be terminated by Owner only for cause, cause which is defined as Manager's ’s material and substantial breach of any provision of this Agreement which is not cured within thirty (30) days after Owner gives Manager written notice thereof; if such breach cannot be cured within thirty (30) days, such breach shall be deemed cured if Manager commences curative action within such thirty-thirty- (30-) day period and thereafter reasonably pursues the action to completion.

Appears in 2 contracts

Samples: Property Management Agreement, Property Management Agreement

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