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a. Except as stated in this Agreement, the Manager has no right to incur any liability <br />on Owner's behalf or to bind Owner by any contract or obligation. <br />b. Manager will not contract for any repairs or other work without first obtaining <br />Owner’s consent, except for repairs or other work of an emergency nature, in <br />which case no such consent shall be required. <br />c. All condemnation and casualty loss matters are exclusively within the control and <br />direction of Owner. <br />7. Termination. This Agreement may be terminated by either party upon twenty-four (24) <br />hours’ written notice in the event Manager or Owner defaults under the provisions of this <br />Agreement, unless the defaulting party begins and completes a cure within that period. In <br />addition, this Agreement may be terminated by either Owner or Manager for any reason <br />upon thirty (30) days’ written notice to the other. <br />8. Termination on Sale. If there is a sale of the Premises, this Agreement will terminate <br />upon the earlier of (i) the effective date of the closing of any such sale or (ii) thirty (30) <br />days' written notice from one party to the other. Owner shall provide to Manager no less <br />than thirty (30) days’ prior written notice of the anticipated closing date of a sale of the <br />Premises. <br />9. Management Compensation. As consideration for the services to be provided by <br />Manager, Owner will compensate Manager as set forth in Schedule B attached hereto. <br />All payments, reimbursements, fees or other amounts owed to Manager from Owner, <br />including, without limitation, any amounts which become owed pursuant to Section 10 <br />below, shall be paid promptly to Manager within thirty (30) days of invoice, and such <br />payment shall be without off-set, counter claim or reduction of any nature whatsoever. <br />Notwithstanding the foregoing, if Manager deposits or otherwise accepts payment in <br />amount less than an invoice, such acceptance shall be construed only as acceptance of <br />partial payment and shall not be deemed an accord and satisfaction in the amount <br />received. Any unpaid balance not paid within the time provided for in this Section 10 <br />shall accrue interest at a rate of eight percent (8%) per annum. <br />10. Expense Reimbursement. In addition to the fees payable to Manager for its services in <br />connection with the management of the Premises as set forth in Schedule B, Owner shall <br />reimburse Manager within thirty (30) days after receipt of an invoice for the following costs and <br />expenses: <br />a. Manager’s costs and expenses relating to the performance of the duties described <br />in Schedule A. <br />b. Utility, maintenance, legal, and other expenses relating to the performance of the <br />duties described in Schedule A if approved in advance by the Owner. <br /> <br />