Common use of By Either Party Clause in Contracts

By Either Party. This Agreement may be terminated upon sixty (60) days written notice without cause or penalty, by either party (if by the Company, only upon approval of a majority of the Independent Directors).

Appears in 11 contracts

Sources: Advisory Agreement (REITPlus, Inc.), Advisory Agreement (Grubb & Ellis Healthcare REIT, Inc.), Advisory Agreement (REITPlus, Inc.)

By Either Party. This Agreement may be terminated upon sixty (60) 60 days written notice without cause Cause or penalty, by either party (if by the Company, only upon approval of a majority of the Independent Directors).

Appears in 4 contracts

Sources: Advisory Agreement (Wells Timber Real Estate Investment Trust, Inc.), Advisory Agreement (Wells Timberland REIT, Inc.), Advisory Agreement (Wells Timber Real Estate Investment Trust, Inc.)