Common use of Action Upon Termination Clause in Contracts

Action Upon Termination. The Advisor shall not be entitled to compensation after the date of termination of this Agreement for further services hereunder, but shall be paid all compensation accruing to the date of termination. Subject to the provisions of Sections 13 and 14, the Advisor shall forthwith upon a termination: (a) Pay over to the Company all monies collected and held for the account of the Company pursuant to this Agreement, after deducting any accrued compensation and reimbursement for its expenses to which it is then entitled; (b) Deliver to the Board of Directors a full accounting, including a statement showing all payments collected by it and a statement of all monies held by it, covering the period following the date of the last accounting furnished to the Board of Directors; (c) Deliver to the Board of Directors all property and documents of the Company then in the custody of the Advisor; and (d) Cooperate with the Company and take all reasonable steps requested by the Company to assist the Board of Directors in making an orderly transition of the advisory function.

Action Upon Termination. The Advisor Property Manager shall not be entitled to compensation after the date of termination of this Agreement for further services hereunder, but shall be paid all compensation accruing to the date of termination. Subject to the provisions Upon termination of Sections 13 and 14this Agreement, the Advisor shall forthwith upon a terminationProperty Manager shall: (a) Pay pay over to the Company all monies moneys collected and held for the account of the Company pursuant to this Agreement, after deducting any accrued compensation and reimbursement for its expenses to which it the Property Manager is then entitled; (b) Deliver deliver to the Board of Directors of the Company a full accounting, including a statement showing all payments collected by it the Property Manager and a statement of all monies money held by itthe Property Manager, covering the period following the date of the last accounting furnished to the Board of DirectorsDirectors of the Company; (c) Deliver deliver to the Board of Directors of the Company all property and documents of the Company then in the custody of the AdvisorProperty Manager; and (d) Cooperate cooperate with the Company and take all reasonable steps requested by the Company to assist the Board of Directors it in making an orderly transition of the advisory functionfunctions performed by the Property Manager.

Action Upon Termination. The Advisor shall not be entitled to compensation after the date of termination of this Agreement for further services hereunder, but shall be paid all compensation accruing to the date of terminationtermination as set forth in Sections 9 and 11 hereof, and all reimbursements owed or owing pursuant to Section 10 hereof. Subject to the provisions of Sections 13 and 14Section 13, the Advisor shall forthwith upon a termination: (a) Pay over to the Company all monies collected and held for the account of the Company pursuant to this Agreement, after deducting any accrued compensation and reimbursement for its expenses to which it is then entitled; (b) Deliver to the Board of Directors a full accounting, including a statement showing all payments collected by it and a statement of all monies held by it, covering the period following the date of the last accounting furnished to the Board of Directors; (c) Deliver to the Board of Directors all property and documents of the Company then in the custody of the Advisor; and (d) Cooperate with the Company and take all reasonable steps requested by the Company to assist the Board of Directors in making an orderly transition of the advisory function.

Action Upon Termination. The Advisor shall not be entitled to compensation after the date of termination Termination Date of this Agreement for further services hereunder, but shall be paid all compensation accruing to such Termination Date, including the date of terminationPerformance Termination Fee, if any. Subject Upon termination and subject to the provisions of Sections 13 and 14Section 13, the Advisor shall forthwith upon a terminationpromptly: (a) Pay over to the Company all monies collected and held for the account of the Company pursuant to this Agreement, after deducting any accrued compensation and reimbursement for its expenses to which it is then entitled; (b) Deliver to the Board of Directors a full accounting, including a statement showing all payments collected by it and a statement of all monies held by it, covering the period following the date of the last accounting furnished to the Board of Directors; (c) Deliver to the Board of Directors all property property, documents and documents books and records of the Company then in the custody of the Advisor; and (d) Cooperate with the Company and take all reasonable steps requested by the Company to assist the Board of Directors in making an orderly transition of the advisory function.

Action Upon Termination. The Advisor shall not be entitled to compensation after the date of termination of this Agreement for further services hereunder, but shall be paid all compensation accruing to the date of termination. Subject to the provisions of Sections 13 and 14, the Advisor shall forthwith upon a terminationtermination caused by factors other than Listing: (a) Pay over to the Company all monies collected and held for the account of the Company pursuant to this Agreement, after deducting any accrued compensation and reimbursement for its expenses to which it is then entitled; (b) Deliver to the Board of Directors a full accounting, including a statement showing all payments collected by it and a statement of all monies held by it, covering the period following the date of the last accounting furnished to the Board of Directors; (c) Deliver to the Board of Directors all property and documents of the Company then in the custody of the Advisor; and (d) Cooperate with the Company and take all reasonable steps requested by the Company to assist the Board of Directors in making an orderly transition of the advisory function.

Action Upon Termination. The Advisor shall not be entitled to compensation after the date of termination Termination Date of this Agreement for further services hereunder, but shall be paid all compensation accruing to the date of terminationsuch Termination Date. Subject Upon termination and subject to the provisions of Sections 13 and 14Section 13, the Advisor shall forthwith upon a terminationpromptly: (a) Pay over to the Company all monies collected and held for the account of the Company pursuant to this Agreement, after deducting any accrued compensation and reimbursement for its expenses to which it is then entitled; (b) Deliver to the Board of Directors a full accounting, including a statement showing all payments collected by it and a statement of all monies held by it, covering the period following the date of the last accounting furnished to the Board of Directors; (c) Deliver to the Board of Directors all property property, documents and documents books and records of the Company then in the custody of the Advisor; and (d) Cooperate with the Company and take all reasonable steps requested by the Company to assist the Board of Directors in making an orderly transition of the advisory function.

Action Upon Termination. The Advisor shall not be entitled to compensation after the date of termination of this Agreement for further services hereunder, hereunder but shall be reimbursed for all expenses and shall be paid all compensation accruing through the termination date, including a pro rata portion of the Management Fee, if any, payable to the date of terminationAdvisor pursuant to Section 9(b). Subject to the provisions of Sections 13 and 14, the The Advisor shall forthwith upon a such termination: (a) Pay over a. Tender to the Company all monies collected and held for the account of the Company pursuant to this Agreement, after deducting any accrued compensation and reimbursement for its expenses to which it is then entitled; (b) b. Deliver to the Board of Directors Company a full accounting, including a statement showing all payments collected by it and a statement of all monies held by it, covering the period following the date of the last accounting furnished provided to the Board of DirectorsCompany; (c) c. Deliver to the Board of Directors Company all property and documents of the Company then in the custody of the Advisor; and (d) d. Cooperate with the Company and take all reasonable steps requested by the Company to assist the Board of Directors in making an orderly transition of the advisory function.