Common use of Duties on Termination Clause in Contracts

Duties on Termination. Upon any termination of this Agreement, Manager shall be entitled to receive the Management Fee, Pass-Through Amounts, reimbursements and other amounts payable to Manager through the date of termination, plus, if applicable, the Termination Fee. Within 30 days after any termination, Manager shall deliver to Owner’s Representative: (i) the reports required by Section 3.13(a) for any period not covered by such a report at time of termination, (ii) as required by Section 3.13(b), the statement of cash flow for the Fiscal Year or portion thereof ending on the date of termination, (iii) a bank account reconciliation and a list of accounts receivable and payable, and (iv) all of the cash and bank accounts of the Property (except monies needed for unpaid obligations incurred during the term of this Agreement), including, without limitation, the Security Deposit Account. Promptly after any termination, Manager shall deliver to Owner’s Representative: (x) all copies of all books and records kept for the Property (it being understood and agreed that if Manager desires to retain records of the Property, Manager must reproduce them at its own expense; provided however that Owner shall permit Manager access thereto for a period of three years following termination), (y) all keys to the Property, and (z) all items of personal property owned by Owner and in Manager’s possession. Any and all income and invoices for services incurred prior to such termination actually received by Manager after the items required in this Section 4.4 have been delivered by Manager shall be sent directly to Owner, and Manager shall have no further responsibility or liability in connection therewith or any duty to update any such reports.

Duties on Termination. Upon any termination of this Agreement, Manager shall be entitled to receive the Management Fee, Pass-Through Amounts, reimbursements and other amounts payable to Manager through the date of termination, plus, if applicable, the Termination Fee. Within 30 days after any termination, Manager shall deliver to Owner’s Representative: (i) the reports required by Section 3.13(a) for any period not covered by such a report at time of termination, (ii) as required by Section 3.13(b), the statement of cash flow for the Fiscal Year or portion thereof ending on the date of termination, (iii) a bank account reconciliation and a list of accounts receivable and payable, and (iv) all of the cash and bank accounts of the Property (except monies needed for unpaid obligations incurred during the term of this Agreement), including, without limitation, the Security Deposit Account. Promptly after any termination, Manager shall deliver to Owner’s Representative: (x) all copies of all books and records kept for the Property (it being understood and agreed that if Manager desires to retain records of the Property, Manager must reproduce them at its own expense; provided however that Owner shall permit Manager access thereto for a period of three years following termination), (y) all keys to the Property, and (z) all items of personal property owned by Owner and in Manager’s possession. Any and all income and invoices for services incurred prior to such termination actually received by Manager after the items required in this Section 4.4 have been delivered by Manager shall be sent directly to Owner, and Manager shall have no further responsibility or liability in connection therewith or any duty to update any such reports.this