Payments on Termination and Survival of Certain Rights and Obligations. (i) After the Termination Date, the Sub-Advisor shall not be entitled to compensation for further services hereunder except it shall be entitled to receive from the Advisor within 30 days after the effective date of such termination all unpaid reimbursements of expenses and all earned but unpaid fees payable to the Sub-Advisor prior to termination of this Agreement. For purposes of this Section 8.03, a fee will be deemed to be “earned” if Plymouth acquires an Investment within 15 days of the date of termination of this Agreement. (ii) The Sub-Advisor shall promptly upon termination: (a) pay over to the Advisor all money collected 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 Advisor 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 Advisor; and (c) deliver to the Advisor all assets and documents of the Advisor then in the custody of the Sub-Advisor.
Appears in 4 contracts
Samples: Sub Advisory Agreement (Plymouth Opportunity REIT Inc.), Sub Advisory Agreement (Plymouth Opportunity REIT Inc.), Sub Advisory Agreement (Plymouth Opportunity REIT Inc.)
