Manager Cause definition
Examples of Manager Cause in a sentence
If Manager elects not to renew this Agreement, or to terminate this Agreement without Manager Cause, the Manager shall (i) deliver to the Company a written notice (the “Manager Termination Notice”) specifying the date, which may not be less than six (6) months from the date of the Manager Termination Notice, on which this Agreement shall terminate (the “Effective Manager Termination Date”).
Unless the parties mutually agree to terminate this Management Services Agreement, neither party shall be entitled to terminate this Management Services Agreement prior to the expiration of the Term unless a party's breach gives rise to a termination for Business Manager Cause or Practice Cause pursuant to Section 8.2(a) or (b) hereof, as the case may be.
Manager may terminate this Agreement (i) upon written notice to the applicable Company following Manager Cause, as defined herein, (ii) following the fifth (5th) anniversary of the date hereof, on each anniversary of the date hereof by providing written notice to the applicable Company no later than 180 days prior to the date of such anniversary, or (iii) by mutual written agreement of the Parties or as otherwise provided herein.
The Manager may be removed as Manager of a Holding Company, and the contractual relationship hereunder between the Manager and such Holding Company will be terminated with respect to such Holding Company, if the members of such Holding Company request termination of the Manager’s services hereunder upon a determination that there is Manager Cause, or otherwise as provided for in such Holding Company’s LLC Agreement.
Manager may, without payment of the Termination Fee, (i) elect not to renew this Agreement at the expiration of any one-year term described in Section 13(a), or (ii) terminate this Agreement at any time without Manager Cause.
If the Dealer Manager desires to terminate this Agreement due to the occurrence of any of the Dealer Manager Cause Events specified in subsections (a), (b), or (c) above, the Dealer Manager will give prompt written notice thereof to the Company, and in no event later than seven (7) calendar days after the date the Dealer Manager becomes aware of the occurrence of such Dealer Manager Cause Event.
The Company agrees that if any of the Dealer Manager Cause Events specified in subsections (i), (ii), or (iii) above occur, the Company will give prompt written notice thereof to the Dealer Manager, and in no event later than seven (7) days after the date the Company becomes aware of the occurrence of such Dealer Manager Cause Event.
Upon the occurrence of a Successor Manager Cause Event, whether or not the BHMF Member elects to remove the Successor Manager as provided in Section 6.9(c), the BHMF Member may elect to designate an Administrator and cause the Venture to engage such Administrator on the same basis as provided in this Section 6.9(d).
The right of first offer contained in this Section 3.1 is in effect, and applies only to a Transfer occurring, during the two (2) year period following expiry or termination of the Management Agreement, provided that such right of first offer will not be in effect if such termination is pursuant to Manager Breach, Manager Cause or Section 10.4(a) of the Management Agreement.
Notwithstanding Section 7.1(g) of the Agreement, in the event Monogram General Partner becomes aware of any event or circumstance which Monogram General Partner reasonably believes is likely to result in a Manager Cause Event (as defined in the Borrower Holdco Venture Agreement) with respect to a particular Borrower Holdco Subsidiary Venture, Monogram General Partner will promptly notify the Limited Partner in writing of the occurrence of such event or circumstance.