Common use of Action Upon Termination Clause in Contracts

Action Upon Termination. The Business Manager shall not be entitled to compensation after the date of termination of this Agreement for further services hereunder, but shall be paid all compensation accruing to the date of termination. Upon termination of this Agreement, the Business Manager shall: (a) pay over to the Company all moneys collected and held for the account of the Company pursuant to this Agreement, after deducting any accrued compensation and reimbursement for expenses to which the Business Manager is entitled; (b) deliver to the Board of Directors a full accounting, including a statement showing all payments collected by the Business Manager and a statement of all money held by the Business Manager, covering the period following the date of the last accounting furnished to the Board of Directors; (c) deliver to the Board of Directors all property and documents of the Company then in the custody of the Business Manager; and (d) cooperate with the Company and take all reasonable steps requested by the Company to assist the Board of Directors in making an orderly transition of the functions performed by the Business Manager.

Action Upon Termination. The Business Property Manager shall not be entitled to compensation after the date of termination of this Agreement for further services hereunder, but shall be paid all compensation accruing to the date of termination. Upon termination of this Agreement, the Business Property Manager shall: (a) pay over to the Company all moneys collected and held for the account of the Company pursuant to this Agreement, after deducting any accrued compensation and reimbursement for expenses to which the Business Property Manager is entitled; (b) deliver to the Board of Directors of the Company a full accounting, including a statement showing all payments collected by the Business Property Manager and a statement of all money held by the Business Property Manager, covering the period following the date of the last accounting furnished to the Board of DirectorsDirectors of the Company; (c) deliver to the Board of Directors of the Company all property and documents of the Company then in the custody of the Business Property Manager; and (d) cooperate with the Company and take all reasonable steps requested by the Company to assist the Board of Directors it in making an orderly transition of the functions performed by the Business Property Manager.

Action Upon Termination. The Business Manager Advisor shall not be entitled to compensation after the date of termination of this Agreement for further services hereunder, but shall be paid all compensation accruing to the date of termination. Upon termination Subject to the provisions of this AgreementSections 13 and 14, the Business Manager shallAdvisor shall forthwith upon a termination: (a) pay Pay over to the Company all moneys monies collected and held for the account of the Company pursuant to this Agreement, after deducting any accrued compensation and reimbursement for its expenses to which the Business Manager it is then entitled; (b) deliver Deliver to the Board of Directors a full accounting, including a statement showing all payments collected by the Business Manager it and a statement of all money monies held by the Business Managerit, covering the period following the date of the last accounting furnished to the Board of Directors; (c) deliver Deliver to the Board of Directors all property and documents of the Company then in the custody of the Business ManagerAdvisor; and (d) cooperate Cooperate with the Company and take all reasonable steps requested by the Company to assist the Board of Directors in making an orderly transition of the functions performed by the Business Manageradvisory function.