Common use of Termination for Cause Without Prior Notice Clause in Contracts

Termination for Cause Without Prior Notice. At any time Operating Partnership may terminate this Agreement for cause (“Cause”), which includes any of the following: (a) dissolution or termination of Property Manager; (b) termination or suspension of any of Property Manager licenses required to perform the Services; (c) Property Manager ceases to do business; (d) bankruptcy, insolvency, or assignment for the benefit of creditors of Property Manager; (e) appointment of a receiver, liquidator or trustee of Property Manager; (f) gross negligence, intentional misconduct or fraud in the performance of Property Manager’s duties and obligations; (g) breach of any material representation, warranty or covenant of Property Manager hereunder; (h) conviction of any senior executive of Property Manager on any criminal charge related to fraud or misappropriation; or (i) a final non-appealable determination against or implicating Property Manager by any licensing board or other governmental or quasi-governmental entity.