Common use of Termination by the Manager Clause in Contracts

Termination by the Manager. The Manager may terminate this Agreement if the Company becomes required to register as an investment company under the Investment Company Act, with such termination deemed to occur immediately before such event. The Manager may decline to renew this Agreement by providing the Park View Entities with 180 days’ written notice prior to the expiration of the initial term or the then current automatic renewal term. In addition, if the Park View Entities default in the performance of any material term of this Agreement and the default continues for a period of 30 days after written notice to the Park View Entities specifying such default and requesting the same be remedied in 30 days, the Manager may terminate this Agreement upon 60 days’ written notice.