Termination of Management Agreement. After the occurrence of an Event of Default, Lender (or its nominee) shall have the right any time thereafter to terminate the Management Agreement, without cause and without liability, by giving written notice to Manager of its election to do so. Lender’s notice shall specify the date of termination, which shall not be less than thirty (30) days after the date of such notice.
Appears in 2 contracts
Samples: Assignment of Management Agreement (Steadfast Income REIT, Inc.), Assignment of Management Agreement (Steadfast Income REIT, Inc.)
Termination of Management Agreement. After the occurrence and during the continuance of an Event of Default, Lender (or its nominee) shall have the right any time thereafter to terminate the Management Agreement, without cause and without liability, by giving written notice to Manager of its election to do so. Lender’s notice shall specify the date of termination, which shall not be less than thirty (30) days after the date of such notice.
Appears in 2 contracts
Samples: Assignment of Management Agreement (Manufactured Housing Properties Inc.), Assignment of Management Agreement (Manufactured Housing Properties Inc.)
Termination of Management Agreement. After the occurrence and during the continuance of an Event of Default, Lender (or its nominee) shall have the right any time thereafter to terminate the Management Agreement, without cause and without liability, by giving written notice to Manager of its election to do so. Lender’s 's notice shall specify the date of termination, which shall not be less than thirty (30) days after the date of such notice.
Appears in 1 contract
Samples: Assignment of Management Agreement (Bluerock Residential Growth REIT, Inc.)
