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<br /> IV. ..
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<br /> ��•w�� TERM OF AGREEMENT
<br /> 4.1 Te�m. Unless sooner terminated as herein provided, this Agreemont shall �
<br /> re�ainin effect from the date hereof for a period of ane(1)year,and shall be automatically '�Y°�
<br /> extended for successive one (1) year pedods thereafter, until terminated by either party �-
<br /> hereto in accordance�vIW the terms hereof by notice to the other delivered not less than • �':--
<br /> �� „ thirty(30)days prIor to the date stated therein for such termination o 'de o e ez no ��_
<br /> term shall extend beyond March 11, 2012. �
<br /> 4.Z Termination Y,v Uwner. At the oprion of Uwner, this Agreement may Le _.�T:-�
<br /> ternunated prlor to the aforesaid terminauon date in the event of the occurrence of any one ��.
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<br /> of the following circumstances: _- ---
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<br /> (a) the occurrence of a Manager's Default,as de6ned 1n Section S.1 hereo� �`�
<br /> (b) (i) the commencement by the IVianager of a voluntary casa under, ,,;:-
<br /> applicable federal or state bankruptcy, insolvency or other sinnilar law now or '`�_
<br /> � � hereafter in effect, or the Manager's wnsent to the entry of an order in an �;�:
<br /> - •• involuntary case under such law, or the 1Vlanager's consent to tiie apgointmcnt or .
<br /> , taking possession by a receiver, liquidator, assignee, custodian, trusteG or similar r-
<br /> � .. of�cial of 1Vlanager or for any substantial part o£ its property, (ii) the hRenagar's -
<br />--±���' �'�'� ' making any general assignment for the bene�s of creditors or the failure by the �-
<br />'�,,;�;' -��_�.. Manager to pay its debts as such debts become due, (iii) the comm�ncement of an _
<br />-�_.�-_�::,.;,, involuntary case or the institution of a proceeding against the Manager under any
<br /> _5='�•��•>. applicable fedoral or state bankruptcy, insolvency or other similar law aow or -
<br />- n��='���� •� hereafter in effect�or seeldng the appointinent or possession by a receivor�liquidator, --
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<br /> �_,.�;�,;;�ir,� � assignee, custodian, trustea or similar official of the Manager or for any substantial
<br /> -��===i__ ' part of this Progarty,in such involuntary case of proceeding has romained diamissed
<br />- �_:���=-�' and unstayed for a perIod of sixty (60) days, or (iv)the entry of an �order for reHef
<br /> _'�—,��� . or similar order against the Manager under any applicable federal or stato
<br /> -�=---- bankruptcy,insolvency or other similar law now or hereafter in effect or appointIting --
<br /> '�_�;�iy:r, or giving possession to a xr,ceiv�r, liquidator, assignee, custodi�n, trustee or similar �
<br /> official of the Manatter or for any substanrial part of its Property. _ _
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<br /> _ _ 4.3 Termination by Manaae�. At the aption of Manager�this Agreement may be =
<br /> _;==�� terminated prior to the aforesaid termination date in the event of the occuirence of any one --.
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<br /> -.-�..-;�i� of the following circumstanc�s:
<br /> _:�_nT,-�'--. -
<br /> -_�'`'=:�'��'� (a) the occurrence of an Owner's Default,as de�ned in Ssction 5.2hereoF -_=-
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