Common use of Special Termination Right Clause in Contracts

Special Termination Right. The parties acknowledge and agree that if, notwithstanding the provisions of Section 7.19.B any Manager terminates any Management Agreement or this Agreement in connection with such Manager’s reorganization, recapitalization or bankruptcy, Tenant shall have the right to terminate each remaining Management Agreement and Franchise Agreement (without any termination fee or penalty) by giving written notice thereof to Marriott and the Managers, in which event, all Management Agreements and Franchise Agreements shall terminate on the later to occur of the date set forth in such notice and thirty (30) days after the giving thereof.

Special Termination Right. The parties acknowledge and agree that if, notwithstanding the provisions of Section 7.19.B 9.10 any Manager terminates any Management Agreement or this Owner Agreement in connection with such Manager’s 's reorganization, recapitalization or bankruptcy, Tenant shall have the right to terminate each remaining Management Agreement and Franchise Agreement (without any termination fee or penalty) by giving written notice thereof to Marriott and the Managers, in which event, all Management Managing Agreements and Franchise franchise Agreements shall terminate on the later to occur of the date set forth in such notice and thirty (30) 30 days after the giving thereof. [Signatures appear on the following page.]