Common use of Termination Rights Clause in Contracts

Termination Rights. Notwithstanding anything that may be contained herein to the contrary, Owner may terminate this Agreement at any time by giving Manager thirty (30) days written notice thereof upon a determination of gross negligence, willful misconduct or bad acts of Manager or any of its employees. If Owner or Manager shall materially breach its obligations hereunder, and such breach remains uncured for a period of 30 days after written notification of such breach, the party not in breach hereunder may terminate this Agreement by giving written notice to the other. Any notice given pursuant to this Article 4, shall be sent by certified mail.

Appears in 32 contracts

Samples: Property Management Agreement (Steadfast Income REIT, Inc.), Property Management Agreement (Steadfast Income REIT, Inc.), Property Management Agreement (Steadfast Income REIT, Inc.)

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Termination Rights. Notwithstanding anything that may be contained herein to the contrary, with or without grounds or cause therefor, Owner may terminate this Agreement at any time by giving Manager thirty (30) days written notice thereof thereof; provided, however, upon a determination of that this Agreement may be terminated for cause due to the gross negligence, willful misconduct or bad acts of Manager or any of its employees. If , Owner or Manager shall materially breach its obligations hereunder, and such breach remains uncured for a period of 30 days after written notification of such breach, the party not in breach hereunder may immediately terminate this Agreement with contract by giving Manager five (5) days written notice to the otherthereof. Any notice given pursuant to this Article 4, shall be sent by certified mail.

Appears in 5 contracts

Samples: Property Management Agreement (Steadfast Income REIT, Inc.), Property Management Agreement (Steadfast Income REIT, Inc.), Property Management Agreement (Steadfast Income REIT, Inc.)

Termination Rights. Notwithstanding anything that may be contained herein to the contrary, Owner may terminate this Agreement at any time by giving Manager thirty (30) days written notice thereof upon a determination of gross negligence, willful misconduct or bad acts of Manager or any of its employees. If Owner or Manager shall materially breach its obligations hereunder, and such breach remains uncured for a period of 30 days after written notification of such breach, the party not in breach hereunder may terminate this Agreement by giving written notice to the other. Any notice given pursuant to this Article 4, shall be sent by certified mail.. Section 4.4

Appears in 2 contracts

Samples: Property Management Agreement (Steadfast Apartment REIT, Inc.), Management Agreement (Steadfast Income REIT, Inc.)

Termination Rights. Notwithstanding anything that may be contained herein to the contrary, Owner may terminate this Agreement (1) after expiration of the initial one-year term, at any time by giving Manager thirty (30) days 60 days’ written notice thereof or (2) upon a determination of gross negligence, willful misconduct or bad acts of Manager or any of its employees, by giving Manager 30 days’ written notice thereof. If Owner or Manager shall materially breach its obligations hereunder, and such breach remains uncured for a period of 30 days after written notification of such breach, the party not in breach hereunder may terminate this Agreement by giving written notice to the other. Any notice given pursuant to this Article 4, shall be sent by both electronic and certified mail.

Appears in 1 contract

Samples: Form of Property Management Agreement (Steadfast Apartment REIT, Inc.)

Termination Rights. Notwithstanding anything that may be contained herein to the contrary, Owner may terminate this Agreement at any time by giving Manager thirty thilt'J (30) days written notice thereof upon a determination detem1ination of gross negligence, willful misconduct or bad acts of Manager or any of its employees. If Owner or Manager shall materially breach its obligations hereunder, and such breach remains uncured for a period of 30 days after written notification of such breach, the party not in breach hereunder may terminate this Agreement by giving written notice to the other. Any notice given pursuant to this Article 4, shall be sent by certified mail.. Section 4.4

Appears in 1 contract

Samples: Property Management Agreement (Steadfast Apartment REIT, Inc.)

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Termination Rights. Notwithstanding anything that may be he contained herein to the contrary, Owner may terminate this Agreement at any time by giving Manager thirty thhiy (30) days written notice thereof upon a determination of gross negligence, willful misconduct or bad acts of Manager or any of its employees. If Owner or Manager shall materially breach its obligations hereunder, and such breach remains uncured for a period of 30 days after written notification of such breach, the party not in breach hereunder may terminate tenninate this Agreement by giving written notice to the other. Any notice given pursuant to this Article A11iclc 4, shall be sent by certified mail.. Section 4.4

Appears in 1 contract

Samples: Management Agreement (Steadfast Apartment REIT, Inc.)

Termination Rights. Notwithstanding anything that may be contained herein to the contrary, Owner may terminate this Agreement at any time by giving Manager thirty (30) days written notice thereof upon a determination of gross negligence, willful misconduct or bad acts of Manager or any of its employees. If Owner or Manager shall materially breach its obligations hereunder, . and such breach remains uncured for a period of 30 days after written notification of of' such breach, . the party not in breach hereunder may terminate this Agreement by giving written notice to the other. Any notice given pursuant to this Article 4, . shall be sent by certified mail.. Section 4.4

Appears in 1 contract

Samples: Property Management Agreement (Steadfast Apartment REIT, Inc.)

Termination Rights. Notwithstanding anything that may be contained herein to the contrary, Owner may terminate this Agreement at any time by giving Manager thirty (30) days written notice thereof upon a determination of gross negligence, willful misconduct with or bad acts of Manager or any of its employeeswithout cause. If Owner or Manager shall materially breach its obligations hereunder, and such breach remains uncured for a period of 30 days after written notification of such breach, the party not in breach hereunder may terminate this Agreement by giving written notice to the other. Any notice given pursuant to this Article 4, shall be sent by certified mail.

Appears in 1 contract

Samples: Property Management Agreement (Steadfast Income REIT, Inc.)

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