Common use of Payments on Termination and Survival of Certain Rights and Obligations Clause in Contracts

Payments on Termination and Survival of Certain Rights and Obligations. (i) After the Termination Date, the Manager shall not be entitled to compensation for further services hereunder except it shall be entitled to receive from the Park View Entities within 30 days after the Termination Date all unpaid reimbursements of expenses and all earned but unpaid fees payable to the Manager prior to termination of this Agreement. (ii) The Manager shall promptly upon termination: (a) pay over to the Park View Entities all money collected and held for the account of the Park View Entities pursuant to this Agreement, if any, after deducting any accrued compensation and reimbursement for its expenses to which it is then entitled; (b) 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; (c) deliver to the Board all assets and documents of the Company then in the custody of the Manager; and (d) cooperate with the Company to provide an orderly transition of management and advisory functions.

Appears in 4 contracts

Samples: Management Agreement (Park View OZ REIT Inc), Management Agreement (Park View OZ REIT Inc), Management Agreement (Park View OZ REIT Inc)

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Payments on Termination and Survival of Certain Rights and Obligations. (i) After the Termination Date, the Manager Advisor shall not be entitled to compensation for further services hereunder except it shall be entitled to receive from the Park View Entities Company within 30 days after the Termination Date effective date of such termination all unpaid reimbursements of expenses and all earned but unpaid fees payable to the Manager Advisor prior to termination of this Agreement, subject to the 2%/25% Guidelines to the extent applicable. (ii) The Manager Advisor shall promptly upon termination: (a) pay over to the Park View Entities Company all money collected and held for the account of the Park View Entities Company pursuant to this Agreement, if any, after deducting any accrued compensation and reimbursement for its expenses to which it is then entitled; (b) 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; (c) deliver to the Board all assets and documents of the Company then in the custody of the ManagerAdvisor; and (d) cooperate with the Company to provide an orderly transition of management and advisory functions.

Appears in 2 contracts

Samples: Advisory Agreement (Terra Fixed Income Trust, Inc.), Advisory Agreement (Terra Secured Income Trust, Inc.)

Payments on Termination and Survival of Certain Rights and Obligations. (i) After the Termination Date, the Manager shall not be entitled to compensation for further services hereunder except it shall be entitled to receive from the Park View sxXXXX Entities within 30 days after the Termination Date effective date of such termination all unpaid reimbursements of expenses and all earned but unpaid fees payable to the Manager prior to termination of this Agreement. (ii) The Manager shall promptly upon termination: (a) pay over to the Park View sxXXXX Entities all money collected and held for the account of the Park View sxXXXX Entities pursuant to this Agreement, if any, after deducting any accrued compensation and reimbursement for its expenses to which it is then entitled; (b) 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; (c) deliver to the Board all assets and documents of the Company then in the custody of the Manager; and (d) cooperate with the Company to provide an orderly transition of management and advisory functions.

Appears in 2 contracts

Samples: Management Agreement (1st stREIT Office Inc.), Management Agreement (1st stREIT Office Inc.)

Payments on Termination and Survival of Certain Rights and Obligations. (i) After the Termination Date, the Manager shall not be entitled to compensation for further services hereunder except it shall be entitled to receive from the Park View Entities Company within 30 days after the Termination Date effective date of such termination all unpaid reimbursements of expenses and all earned but unpaid fees payable to the Manager prior to termination of this Agreement. (ii) The Manager shall promptly upon termination: (a) pay over to the Park View Entities Company all money collected and held for the account of the Park View Entities Company pursuant to this Agreement, if any, after deducting any accrued compensation and reimbursement for its expenses to which it is then entitled; (b) 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; (c) deliver to the Board all assets and documents of the Company then in the custody of the Manager; andand functions. (d) cooperate with the Company to provide an orderly transition of management and advisory functions.

Appears in 2 contracts

Samples: Management Agreement, Management Agreement (Multi-Housing Income REIT, Inc.)

Payments on Termination and Survival of Certain Rights and Obligations. (i) After the Termination Date, the Manager shall not be entitled to compensation for further services hereunder except it shall be entitled to receive from the Park View AHP Entities within 30 days after the Termination Date effective date of such termination all unpaid reimbursements of expenses and all earned but unpaid fees payable to the Manager prior to termination of this Agreement. (ii) The Manager shall promptly upon termination: (a) pay over to the Park View AHP Entities all money collected and held for the account of the Park View AHP Entities pursuant to this Agreement, if any, after deducting any accrued compensation and reimbursement for its expenses to which it is then entitled; (b) 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; (c) deliver to the Board all assets and documents of the Company then in the custody of the Manager; and (d) cooperate with the Company to provide an orderly transition of management and advisory functions.

Appears in 2 contracts

Samples: Management Agreement (American Hospitality Properties REIT II, Inc.), Management Agreement (American Hospitality Properties REIT, Inc.)

Payments on Termination and Survival of Certain Rights and Obligations. (ia) After the Termination Date, the Manager shall not be entitled to compensation for further services hereunder except it shall be entitled to receive from the Park View Entities Company Group within 30 15 days after the Termination Date all unpaid reimbursements of expenses and all earned but unpaid fees payable to the Manager prior to termination of this Agreement. (iib) The Manager shall promptly upon termination: (ai) pay over to the Park View Entities Company Group all money collected and held for the account of the Park View Entities Company Group pursuant to this Agreement, if any, after deducting any accrued compensation and reimbursement for its expenses to which it is then entitled; (bii) 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; (ciii) deliver to the Board all assets and documents of the Company Group then in the custody of the Manager; and (div) cooperate with the Company Group to provide an orderly transition of management and advisory functions.

Appears in 1 contract

Samples: Management Agreement (Belpointe PREP, LLC)

Payments on Termination and Survival of Certain Rights and Obligations. (i) After the Termination Date, the Manager shall not be entitled to compensation for further services hereunder except it shall be entitled to receive from the Park View NL Entities within 30 days after the Termination Date effective date of such termination all unpaid reimbursements of expenses and all earned but unpaid fees payable to the Manager prior to termination of this Agreement. (ii) The Manager shall promptly upon termination: (a) pay over to the Park View NL Entities all money collected and held for the account of the Park View NL Entities pursuant to this Agreement, if any, after deducting any accrued compensation and reimbursement for its expenses to which it is then entitled; (b) 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; (c) deliver to the Board all assets and documents of the Company then in the custody of the Manager; and (d) cooperate with the Company to provide an orderly transition of management and advisory functions.

Appears in 1 contract

Samples: Management Agreement (NOYACK Logistics Income REIT II, Inc.)

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Payments on Termination and Survival of Certain Rights and Obligations. (i) After the Termination Date, the Manager shall not be entitled to compensation for further services hereunder except it shall be entitled to receive from the Echo Park View Entities within 30 days after the Termination Date effective date of such termination all unpaid reimbursements of expenses and all earned but unpaid fees payable to the Manager prior to termination of this Agreement. (ii) The Manager shall promptly upon termination: (a) pay over to the Echo Park View Entities all money collected and held for the account of the Echo Park View Entities pursuant to this Agreement, if any, after deducting any accrued compensation and reimbursement for its expenses to which it is then entitled; (b) 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; (c) deliver to the Board all assets and documents of the Company then in the custody of the Manager; and (d) cooperate with the Company to provide an orderly transition of management and advisory functions.

Appears in 1 contract

Samples: Management Agreement (Nico Echo Park, Benefit Corp)

Payments on Termination and Survival of Certain Rights and Obligations. (i) After the Termination Date, the Manager shall not be entitled to compensation for further services hereunder except it shall be entitled to receive from the Park View Belpointe Entities within 30 days after the Termination Date all unpaid reimbursements of expenses and all earned but unpaid fees payable to the Manager prior to termination of this Agreement. (ii) The Manager shall promptly upon termination: (a) pay over to the Park View Belpointe Entities all money collected and held for the account of the Park View Belpointe Entities pursuant to this Agreement, if any, after deducting any accrued compensation and reimbursement for its expenses to which it is then entitled; (b) 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; (c) deliver to the Board all assets and documents of the Company then in the custody of the Manager; and (d) cooperate with the Company to provide an orderly transition of management and advisory functions.

Appears in 1 contract

Samples: Management Agreement (Belpointe REIT, Inc.)

Payments on Termination and Survival of Certain Rights and Obligations. (iA) After the Termination Date, the Manager Advisor shall not be entitled to compensation for further services hereunder except it the Advisor (and its assignees) shall be entitled to receive from the Park View Entities within 30 days after the Termination Date Company all unpaid reimbursements of expenses and all earned but unpaid fees payable to the Manager Advisor or its assignees prior to termination of this Agreement, payable within 30 days after the effective date of such termination. (iiB) The Manager Advisor shall promptly upon termination: (a1) pay over to the Park View Entities Company all money collected and held for the account on behalf of the Park View Entities Company pursuant to this Agreement, if any, after deducting any accrued compensation and reimbursement for its expenses to which it is then entitled; (b2) 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; (c3) deliver to the Board all assets and documents of the Company then in the custody of the ManagerAdvisor; and (d4) cooperate with the Company to provide an orderly transition of management and advisory functions.

Appears in 1 contract

Samples: Advisory Agreement (Phillips Edison Grocery Center Reit I, Inc.)

Payments on Termination and Survival of Certain Rights and Obligations. (i) After the Termination Date, the Manager shall not be entitled to compensation for further services hereunder except it shall be entitled to receive from the Park View Entities Company within 30 days after the Termination Date effective date of such termination all unpaid reimbursements of expenses and all earned but unpaid fees payable to the Manager prior to termination of this Agreement. (ii) The Manager shall promptly upon termination: : (a) pay over to the Park View Entities Company all money collected and held for the account of the Park View Entities Company pursuant to this Agreement, if any, after deducting any accrued compensation and reimbursement for its expenses to which it is then entitled; ; (b) 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; ; (c) deliver to the Board all assets and documents of the Company then in the custody of the Manager; and (d) cooperate with the Company to provide an orderly transition of management and advisory functions.

Appears in 1 contract

Samples: Management Agreement (Multi-Housing Income REIT, Inc.)

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