Common use of Termination by Any Party Clause in Contracts

Termination by Any Party. Any party to this Agreement shall have the right to terminate this Agreement with at least sixty (60) days’ written notice or immediately upon notice to the other party in the event that such other party shall have failed to comply with any material provision hereof. If not sooner terminated, the Dealer Manager’s agency and this Agreement shall terminate upon termination of the Offering Period without obligation on the part of the Dealer Manager or the Company, except as set forth in this Agreement. Upon termination of this Agreement, (i) the Company shall pay to the Dealer Manager all accrued amounts payable under Section 4 hereof at such time as such amounts become payable and (ii) the Dealer Manager shall promptly deliver to the Company all records and documents in its possession that relate to the Offering and that are not designated as “dealer” copies.

Termination by Any Party. Any party to this Agreement shall have the right to terminate this Agreement with at least sixty (60) days’ written notice or immediately upon notice to the other party parties in the event that such one or both of the other party parties shall have failed to comply with any material provision hereof. If not sooner terminated, the Dealer Manager’s agency and this Agreement shall terminate upon termination of the Offering Period without obligation on the part of the Dealer Manager Manager, the Company or the CompanySponsor, except as set forth in this Agreement. Upon termination of this Agreement, (i) the Company and the Sponsor shall pay to the Dealer Manager all accrued amounts payable for which they are respectively responsible under Section 4 5 hereof at such time as such amounts become payable and (ii) the Dealer Manager shall promptly deliver to the Company all records and documents in its possession that relate to the Offering and that are not designated as “dealer” copies.