Common use of Payments Due on Termination Clause in Contracts

Payments Due on Termination. (a) On the effective date of termination of this Agreement for any reason other than an Event of Default, in addition to any other amounts which may be due under this Agreement, Owner shall pay to Manager: (i) the accrued and unpaid pro-rated undisputed amount of the Technical Services Fee, and (ii) all Reimbursable Expenses incurred through the date of termination. (b) On the effective date of termination of this Agreement for an Event of Default, the following remedies shall be the sole and exclusive remedies of each Party: (i) if Owner is the Defaulting Party, Owner shall pay to Manager the entire unpaid amount of the Technical Services Fee and all Reimbursable Expenses incurred prior to the termination date, and (ii) if Manager is the Defaulting Party, Manager shall refund to Owner the portion of the Technical Services Fee paid by Owner prior to the termination date.

Payments Due on Termination. (a) On the effective date of termination of this Agreement for any reason other than an Event of Default, in addition to any other amounts which may be due under this Agreement, Owner shall pay to Manager: (i) the accrued and unpaid pro-rated undisputed amount of the Technical Services Fee, and (ii) all Reimbursable Expenses incurred through the date of termination. (b) . On the effective date of termination of this Agreement for an Event of Default, the following remedies shall be the sole and exclusive remedies of each Party: (i) if Owner is the Defaulting Party, Owner shall pay to Manager the entire unpaid amount of the Technical Services Fee and all Reimbursable Expenses incurred prior to the termination date, and (ii) if Manager is the Defaulting Party, Manager shall refund to Owner the portion of the Technical Services Fee paid by Owner prior to the termination date.