SURVIVING RIGHTS UPON TERMINATION. If either party exercises its option to terminate pursuant to this Article 8, each party shall forthwith, but in no event later than ten days after the termination date of this Agreement, account for and pay to the other all sums due and owing pursuant to the terms of this Agreement. All other rights and obligations of the parties under this Agreement shall terminate, except the obligations of the parties for damages caused by a breach of this Agreement, a duty of a party required under applicable law or regulation, or the indemnification provisions contained in this Agreement or as expressly stated herein.
Appears in 2 contracts
Samples: Management Agreement (Balanced Care Corp), Management Agreement (Emeritus Corp\wa\)
SURVIVING RIGHTS UPON TERMINATION. If either party exercises its option to terminate pursuant to this Article 8, each party shall forthwith, but in no event later than ten days after the termination date of this Agreement, account for and pay to the other all sums due and owing pursuant to the terms of this Agreement. All other rights and obligations of the parties under this Agreement shall terminate, except the obligations of the parties for damages caused by a breach of this Agreement, a duty of a party required under applicable law or regulation, or the indemnification provisions contained in this Agreement or as expressly stated herein. ARTICLE 9.
Appears in 2 contracts
Samples: Management Agreement (Emeritus Corp\wa\), Management Agreement (Emeritus Corp\wa\)
