Advisor’s Duties Upon Termination Sample Clauses

Advisor’s Duties Upon Termination. The Advisor shall promptly upon termination: (a) pay over to the Company all money collected and held for the account of the Company pursuant to this Advisory Agreement, after deducting any accrued compensation and reimbursement for its expenses to which it is then entitled; (b) deliver to the Board a full accounting, including a statement showing all payments collected by it and a statement of all money held by it, covering the period following the date of the last accounting furnished to the Board; (c) deliver to the Board all assets, including Properties, and documents of the Company then in the custody of the Advisor; and (d) cooperate with the Company to provide an orderly management transition.

Advisor’s Duties Upon Termination. The Advisor shall promptly upon termination: (a) pay over to the Company and the Operating Partnership all money collected and held for the account of the Company and the Operating Partnership pursuant to this Advisory 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 money 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 assets, including Properties, and documents of the Company, the Operating Partnership, and their subsidiaries then in the custody of the Advisor; and (d) cooperate with the Company and the Operating Partnership to provide an orderly management transition.