A. Early Termination by Notice. By delivery of Notice of Early Termination by either party to the other at least thirty (30) days prior to the effective date specified in such notice;
B. Termination For Cause. Notwithstanding the foregoing, this Agreement shall terminate in any event, and all obligations of the parties hereunder shall cease (except as to liabilities or obligations which have accrued or arisen prior to such termination), upon a breach of this Agreement or the occurrence of any of the following events:
(i) Non-Payment or Non-Performance by Owner. In the event of non-payment by Owner of any fees, expenses or other sums required by this Agreement; or in the event it is alleged or charged that the Premises, or any portion thereof, fails to comply with any law or regulation, or any order or ruling of any public authority; or the Manager, in its sole discretion, considers that the action or position of Owner or its representatives with respect thereto may result in damage or liability to Manager, or disciplinary proceeding with respect to Manager's license, Manager shall have the right to terminate this Agreement at any time by written notice to Owner and the Owner shall pay a $500 penalty fee to Manager. Such termination shall not release the indemnities of Owner set forth herein.
(ii) Early Termination by Sale, Transfer or Foreclosure of Premises. Immediately, upon the sale, conveyance, or transfer of the Premises either by Owner, or by foreclosure, trustee's or judicial sale; Owner shall pay a $500 penalty fee to Manager for failing to provide notice.
(iii) Excessive Damage. Upon the destruction of or substantial damage to the Premises by any cause, or the taking of all or a substantial portion of the Premises by eminent domain, in either case making it impossible or impracticable to continue operation or management of the Premises.