Common use of By Manager Clause in Contracts

By Manager. Manager may terminate this Agreement: (A) if the Company has failed to make any payment pursuant to Section 4 within thirty (30) business days following Manager's written notice to the Company of such failure; (B) in the event of a material breach of this Agreement by the Company (other than a payment default) which has not been cured within thirty (30) days following notice thereof from the Company; (C) in the event that (i) Vento and ▇▇▇▇▇▇▇▇ are removed as directors of the Company or are demoted or removed from their respective offices or there is a material diminishment of Vento's and ▇▇▇▇▇▇▇▇'▇ responsibilities, duties or status which diminishment is not rescinded within 30 days after the date of receipt by the Board of Directors of the Company from Vento and ▇▇▇▇▇▇▇▇ of their respective written notice referring to this provision and describing such diminishment, or (ii) the Company relocates its principal offices without Manager's consent to a location more than 50 miles from the principal offices of the Company in Arlington, Virginia; or (D) voluntarily upon thirty (30) days' prior written notice to the Company.

By Manager. Manager may terminate this Agreement: (A) if the Company has failed to make any payment pursuant to Section 4 within thirty (30) business days following Manager's written notice to the Company of such failure; (B) in the event of a material breach of this Agreement by the Company (other than a payment default) which has not been cured within thirty (30) days following notice thereof from the Company; (C) in the event that (i) Vento and ▇▇▇▇▇▇▇▇ are removed as directors of the Company or are demoted or removed from their respective offices or there is a material diminishment of Vento's and ▇▇▇▇▇▇▇▇'▇ responsibilities, duties or status which diminishment is not rescinded within 30 days after the date of receipt by the Board of Directors of the Company from Vento and ▇▇▇▇▇▇▇▇ of their respective written notice referring to this provision and describing such diminishment, or (ii) the Company relocates its principal offices without Manager's consent to a location more than 50 miles from the principal offices of the Company in Arlington, Virginia; or (D) voluntarily upon thirty (30) days' days prior written notice to the Company.