Common use of Continuing Obligations Upon Termination Clause in Contracts

Continuing Obligations Upon Termination. Upon the termination of this Agreement by any means (but subject to Owner’s rights of set off for any claims of Owner under section 2.2(b)): (a) Owner shall remain bound by all contracts entered into by Manager in the name of Owner within the limitations contained in this Agreement and hereby agrees and acknowledges that it shall remain obligated to the Manager for all management fees earned by the Manager through the date of termination and for all reimbursements due to the Manager pursuant to this Agreement. (b) Manager shall remain obligated: (i) To render to Owner a final accounting of income and expenses of the Project as provided in this Agreement. (ii) To deliver to Owner all income and all security deposits from the Project which have been entrusted to Manager and not previously refunded after reimbursement of all expenses and payment of all management fees which Manager is entitled to receive. (iii) To deliver to Owner all keys, books and records, contracts, leases, receipts, unpaid bills and other documents relative to the Project which are in Manager’s possession or have otherwise been entrusted to Manager and have not been previously returned. (iv) To use reasonable efforts and to cooperate with Owner (and at no additional cost to Owner) to cause an orderly transition of the management of the Project without detriment to the rights of Owner or to the continued management of the Project.

Continuing Obligations Upon Termination. Upon the termination of this Agreement by any means (but subject to Owner’s 's rights of set off for any claims of Owner under section 2.2(b)): (a) Owner shall remain bound by all contracts entered into by Manager in the name of Owner within the limitations contained in this Agreement and hereby agrees and acknowledges that it shall remain obligated to the Manager for all management fees earned by the Manager through the date of termination and for all reimbursements due to the Manager pursuant to this Agreement. (b) Manager shall remain obligated: (i) To render to Owner a final accounting of income and expenses of the Project as provided in this Agreement. (ii) To deliver to Owner all income and all security deposits from the Project which have been entrusted to Manager and not previously refunded after reimbursement of all expenses and payment of all management fees which Manager is entitled to receive. (iii) To deliver to Owner all keys, books and records, contracts, leases, receipts, unpaid bills and other documents relative to the Project which are in Manager’s 's possession or have otherwise been entrusted to Manager and have not been previously returned. (iv) To use reasonable efforts and to cooperate with Owner (and at no additional cost to Owner) to cause an orderly transition of the management of the Project without detriment to the rights of Owner or to the continued management of the Project.

Continuing Obligations Upon Termination. Upon the termination of this Agreement by any means (but subject to Owner’s rights of set off for any claims of Owner under section 2.2(b)): (a) Owner shall remain bound by all contracts entered into by Manager in the name of Owner within the limitations contained in this Agreement and hereby agrees and acknowledges that it shall remain obligated to the Manager for all management fees earned by the Manager through the date of termination and for all reimbursements due to the Manager pursuant to this Agreement. (b) Manager shall remain obligated: (i) To render to Owner a final accounting of income and expenses of the Project as provided in this Agreement. (ii) To deliver to Owner all income and all security deposits from the Project which have been entrusted to Manager and not previously refunded after reimbursement of all expenses and payment of all management fees which Manager is entitled to receive. (iii) To deliver to Owner all keys, books and records, contracts, leases, receipts, unpaid bills and other documents relative to the Project which are in Manager’s Managers possession or have otherwise been entrusted to Manager and have not been previously returned. (iv) To use reasonable efforts and to cooperate with Owner (and at no additional cost to Owner) to cause an orderly transition of the management of the Project without detriment to the rights of Owner or to the continued management of the Project.