Common use of Duties of Advisor Upon Termination Clause in Contracts

Duties of Advisor Upon Termination. The Advisor shall promptly upon termination: (i) pay over to the Company all money collected pursuant to this Agreement, if any, after deducting any accrued compensation and reimbursement for its expenses to which it is then entitled; (ii) 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; (iii) deliver to the Board all assets and documents of the Company then in the custody of the Advisor; and (iv) cooperate with the Company to provide an orderly transition of advisory functions.

Appears in 27 contracts

Samples: Advisory Agreement (Resource Real Estate Opportunity REIT II, Inc.), Advisory Agreement (Resource Real Estate Opportunity REIT, Inc.), Advisory Agreement (Hartman vREIT XXI, Inc.)

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Duties of Advisor Upon Termination. The Advisor shall promptly upon termination: (i) 12.4.1 pay over to the Company all money collected pursuant to this Agreement, if any, after deducting any accrued compensation and reimbursement for its expenses to which it is then entitled; (ii) 12.4.2 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; (iii) 12.4.3 deliver to the Board all assets and documents of the Company then in the custody of the Advisor; and (iv) 12.4.4 cooperate with the Company to provide an orderly transition of advisory functions.

Appears in 9 contracts

Samples: Advisory Agreement (Cottonwood Communities, Inc.), Advisory Agreement (Cottonwood Communities, Inc.), Advisory Agreement (Cottonwood Communities, Inc.)

Duties of Advisor Upon Termination. The Advisor shall promptly upon termination: (i) 13.4.1 pay over to the Company all money collected pursuant to this Agreement, if any, after deducting any accrued compensation and reimbursement for its expenses to which it is then entitled; (ii) 13.4.2 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; (iii) 13.4.3 deliver to the Board all assets and documents of the Company then in the custody of the Advisor; and (iv) 13.4.4 cooperate with the Company to provide an orderly transition of advisory functions.

Appears in 2 contracts

Samples: Advisory Agreement (Cottonwood Communities, Inc.), Advisory Agreement (Cottonwood Communities, Inc.)

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Duties of Advisor Upon Termination. The Advisor shall promptly upon termination: (i) pay over to the Company all money collected pursuant to this Agreement, if any, after deducting any accrued compensation and reimbursement for its expenses to which it is then entitled; (ii) 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; (iii) deliver to the Board all assets and documents of the Company then in the custody of the Advisor; and (iv) cooperate with the Company to provide an orderly transition of advisory functions.. EAST\50676375.5

Appears in 1 contract

Samples: Advisory Agreement (Resource Real Estate Opportunity REIT II, Inc.)

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