Common use of Certain Obligations of Manager After Termination Clause in Contracts

Certain Obligations of Manager After Termination. Upon termination of this Agreement, Manager shall: (i) deliver to Company all records, books, accounts, files, and other documentation (the “Records”) pertaining to the management, maintenance, operation, marketing and use of the Management Agreement Restaurants, including, without limitation, all records relative to the employees, suppliers, finances, and affairs of the Management Agreement Restaurants; (ii) deliver and assign, transfer or otherwise convey to Company all contracts and all personal property relating to or used in the management, operation and maintenance of the Management Agreement Restaurants, including, without limitation, all keys, combinations to locks and other security devices, documents, materials, operating supplies, furnishings and equipment, provided that any personal property owned by Manager may be retained by Manager; (iii) prepare and deliver to Company a full set of reports for each of the Management Agreement Restaurants in accordance with paragraph 2.05, current to the date of termination; (iv) deliver all funds held by Manager on behalf of Company; and (v) render such assistance as Company might reasonably request to facilitate an orderly transition in the management and operation of the Management Agreement Restaurants.

Appears in 2 contracts

Samples: Management Agreement, Management Agreement (DPW Holdings, Inc.)

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Certain Obligations of Manager After Termination. Upon termination of this Agreement, Manager shall: (i) deliver to Company Owner all records, books, accounts, files, and other documentation (the "Records") pertaining to the management, maintenance, operation, marketing and use of the Management Agreement Restaurants, including, without limitation, all records relative to the employees, suppliers, finances, and affairs of the Management Agreement Restaurants; (ii) deliver and assign, transfer or otherwise convey to Company Owner all contracts and all personal property relating to or used in the management, operation and maintenance of the Management Agreement Restaurants, including, without limitation, all keys, combinations to locks and other security devices, documents, materials, operating supplies, furnishings and equipment, provided that any personal property owned by Manager may be retained by Manager; (iii) prepare and deliver to Company Owner a full set of reports for each of the Management Agreement Restaurants in accordance with paragraph 2.05, current to the date of termination; (iv) deliver all funds held by Manager on behalf of CompanyOwner; and (v) render such assistance as Company Owner might reasonably request to facilitate an orderly transition in the management and operation of the Management Agreement Restaurants.

Appears in 2 contracts

Samples: Management Agreement, Management Agreement (Eateries Inc)

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