Common use of Manager’s Obligations Upon Termination Clause in Contracts

Manager’s Obligations Upon Termination. Manager shall pay or reimburse Subcontractor for any sums of money due it under this Agreement for services and expenses prior to termination of this Agreement. All provisions of this Agreement that require Owner or Manager to have insured, or to protect, defend, save, hold and indemnify or to reimburse Subcontractor shall survive any expiration or termination of this Agreement and, if Subcontractor is or becomes involved in any claim, proceeding or litigation by reason of having been Subcontractor hereunder, such provisions shall apply as if this Agreement were still in effect.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Behringer Harvard Reit I Inc), Agreement of Purchase and Sale (Behringer Harvard Reit I Inc), Agreement of Purchase and Sale (Behringer Harvard Reit I Inc)

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Manager’s Obligations Upon Termination. Manager shall pay or reimburse Subcontractor for any sums of money due it under this Agreement for services and expenses prior to through the date of termination of this Agreement. All provisions of this Agreement that require Owner or Manager to have insured, or to protect, defend, save, hold harmless and indemnify or to reimburse Subcontractor shall survive any expiration or termination of this Agreement and, if Subcontractor is or becomes involved in any claim, proceeding or litigation by reason of having been Subcontractor hereunderduring the term of this Agreement, such provisions shall apply as if this Agreement were still in effect.

Appears in 1 contract

Samples: Property Management Subcontract (Behringer Harvard Opportunity REIT I, Inc.)

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