Common use of Post-Termination Procedures Clause in Contracts

Post-Termination Procedures. In the event of termination, Developer shall continue to be responsible for those matters which survive termination identified in section 4 above, unless City takes over the Project and, in connection therewith, prospectively releases Developer from one or more specific responsibilities in writing. Additionally, at City's sole option, all property acquired by Developer with grant funds, all grant funds, program income, and mortgage loans originated with grant funds or by payments therefrom and payments received under such mortgage loans, held, owned or retained by Developer shall immediately become the sole and separate property of the City and Developer shall perform all acts and execute all instruments necessary to transfer and assign such property, funds, income, and mortgage loans to City. All finished or unfinished documents, data, studies, reports and work product prepared by Developer or its agents and assigns under this Agreement or with grant funds shall, at the option of the City, become its property and Developer shall be entitled to received just and equitable compensation only for satisfactory work completed and eligible costs for which compensation has not previously been paid nor reimbursement made.

Post-Termination Procedures. In the event of termination, Developer shall continue to be responsible for those matters which survive termination identified in section paragraph 4 above, unless City takes over the Project and, in connection therewith, prospectively releases Developer from one or more specific responsibilities in writing. Additionally, at City's sole option, all property acquired by Developer with grant funds, all grant funds, program income, and mortgage loans originated with grant funds or by payments therefrom and payments received under such mortgage loans, held, owned or retained by Developer shall immediately become the sole and separate property of the City and Developer shall perform all acts and execute all instruments necessary to transfer and assign such property, funds, income, and mortgage loans to City. All finished or unfinished documents, data, studies, studies reports and work product prepared by Developer or its agents and assigns under this Agreement or with grant funds shall, at the option of the City, become its property and Developer shall be entitled to received just and equitable compensation only for satisfactory work completed and eligible costs for which compensation has not previously been paid nor reimbursement made.

Post-Termination Procedures. In the event of termination, Developer shall continue to be responsible for those matters which survive termination identified in section 4 above, unless City takes over the Project and, in connection therewith, prospectively releases Developer from one or more specific responsibilities in writing. Additionally, at City's sole option, all property acquired by Developer with grant funds, all grant funds, program income, and mortgage loans originated with grant funds or by payments therefrom and payments received under such mortgage loans, held, owned or retained by Developer shall immediately become the sole and separate property of the City City, and Developer and Owner shall perform all acts and execute all instruments necessary to transfer and assign such property, funds, income, and mortgage loans to City. All finished or unfinished documents, data, studies, reports reports, and work product prepared by Developer or Owner or its agents and assigns under this Agreement or with grant funds shall, at the option of the City, become its property and Developer and shall be entitled to received receive just and equitable compensation only for satisfactory work completed and eligible costs for which compensation has not previously been paid nor reimbursement made.

Post-Termination Procedures. In the event of termination, Developer shall continue to be responsible for those matters which survive termination identified in section paragraph 4 above, unless City takes over the Project and, in connection therewith, prospectively releases Developer from one or more specific responsibilities in writing. Additionally, at City's sole option, all property acquired by Developer with grant funds, all grant funds, program income, and mortgage loans originated with grant funds or by payments therefrom and payments received under such mortgage loans, held, owned or retained by Developer shall immediately become the sole and separate property of the City City, and Developer shall perform all acts and execute all instruments necessary to transfer and assign such property, funds, income, and mortgage loans to City. All finished or unfinished documents, data, studies, reports and work product prepared by Developer or its agents and assigns under this Agreement or with grant funds shall, at the option of the City, become its property and Developer shall be entitled to received just and equitable compensation only for satisfactory work completed and eligible costs for which compensation has not previously been paid nor reimbursement made.