Final Settlement with Owner Sample Clauses

Final Settlement with Owner. Within thirty (30) days of the completed Sale of the Unit, Manager and Owner shall complete a final settlement of any amounts owed to the other pursuant to the terms of this Agreement, at which time both parties shall be deemed to have fully discharged their respective obligations under this Agreement; and
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Final Settlement with Owner. Within thirty (30) days of the completed Sale of the Unit, Operator and Owner shall complete a final settlement of any amounts owed to the other pursuant to the terms of this Agreement, Unit Operator will have to right to approve any agreements between the Owner and a successor owner as to pro-rations, assignments of deposits, and confirmation of items of furniture or furnishings which are missing or need to be replaced, and, upon such agreement, both parties shall be deemed to have fully discharged their respective obligations under this Agreement; a notification period between owners selling an purchasing a Unit will be defined by the closing date of the Unit and the posting date of any FF&E upgrades purchased for the Unit.

Related to Final Settlement with Owner

  • The Settlement Following mediation with a neutral party, a Settlement has been reached. As part of the Settlement, a Qualified Settlement Fund of $39,500,000 will be established to resolve the Class Action. The Net Settlement Amount is $39,500,000 minus any Administrative Expenses (including taxes and tax expenses), Court-approved Attorneys’ Fees and Costs, and Class Representative Compensation. The Net Settlement Amount will be allocated to Class Members according to a Plan of Allocation to be approved by the Court.

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