Termination Fee Following Termination by Manager Clause Samples

Termination Fee Following Termination by Manager. (a) If Manager terminates this Agreement pursuant to Section 10.02.2(a) then Owner shall pay Manager a termination fee equal to US$452,000. (b) If Manager terminates this Agreement pursuant to Section 10.02.2(f), Owner shall pay Manager a termination fee equal to the Termination Fee. Notwithstanding the foregoing, Owner shall be required to pay to Manager the Termination Fee required by this Section 10.02.4(b) only in the event that within two years following the effective date of termination Owner elects to rebuild and restore the Hotel, but fails to offer to Manager the opportunity to reinstate this Agreement upon the same terms and conditions for the remainder of the Term, and in such event that Termination Fee shall be payable within thirty days after demand by Manager (provided such demand must be made no later than one year after the re-opening of the Hotel) Owner shall pay the Termination Fee on or before the termination date specified in the notice. The Termination Fee is payable in addition to all other fees and amounts payable under Section 10.07(b).
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Related to Termination Fee Following Termination by Manager

  • Compensation Following Termination In the event that Executive’s employment hereunder is terminated, Executive shall be entitled only to the following compensation and benefits upon such termination:

  • Right to Terminate Following Termination Event Sections 6(b)(ii)-(iv) are deleted in their entirety and replaced by the following:

  • Termination by Manager Manager shall have the right to terminate this Agreement at any time, with or without cause, upon sixty (60) days written notice to Owner. Manager shall also have the right to terminate this Agreement upon thirty (30) days written notice to Owner for non-payment of fees and expenses due Manager under the terms of this Agreement

  • Obligations Following Termination If a Non-Defaulting Party terminates this Agreement pursuant to this Section 13(b), then following such termination, Seller shall, at the sole cost and expense of the Defaulting Party, remove the equipment (except for mounting pads and support structures) constituting the System. The Non-Defaulting Party shall take all commercially reasonable efforts to mitigate its damages as the result of a Default Event.

  • Termination; Survival Following Termination (i) Either party may terminate this Agreement prior to the end of the Agency Period, by giving written notice as required by this Agreement, upon ten (10) Trading Days’ notice to the other party; provided that, (A) if the Company terminates this Agreement after the Agent confirms to the Company any sale of Shares, the Company shall remain obligated to comply with Section 3(b)(v) with respect to such Shares and (B) Section 2, Section 6, Section 7 and Section 8 shall survive termination of this Agreement. If termination shall occur prior to the Settlement Date for any sale of Shares, such sale shall nevertheless settle in accordance with the terms of this Agreement. (ii) In addition to the survival provision of Section 7(b)(i), the respective indemnities, agreements, representations, warranties and other statements of the Company, of its officers and of the Agent set forth in or made pursuant to this Agreement will remain in full force and effect, regardless of any investigation made by or on behalf of the Agent or the Company or any of its or their partners, officers or directors or any controlling person, as the case may be, and, anything herein to the contrary notwithstanding, will survive delivery of and payment for the Shares sold hereunder and any termination of this Agreement.