Acts Upon Termination Clause Samples
The "Acts Upon Termination" clause defines the actions and obligations that parties must fulfill when a contract ends, whether by expiration or early termination. This may include returning confidential information, ceasing use of intellectual property, settling outstanding payments, or completing final deliverables. By clearly outlining these post-termination responsibilities, the clause ensures an orderly conclusion to the contractual relationship and helps prevent disputes over lingering obligations.
Acts Upon Termination. Upon termination of Executive’s employment with the Company, all computers, equipment, documents, records, notebooks, and similar repositories of or containing Confidential Information, including copies thereof, then in Executive’s possession, whether prepared by Executive or others, will be delivered to the Company within thirty (30) days of such termination. The obligations of Executive in Section 5 of this Agreement shall survive any termination of Executive.
Acts Upon Termination. Upon termination or expiration of this Agreement, Company shall immediately cease utilization of the U.S. Travel Trademarks in connection with the Company products or services, any Company activities, or for any other purpose. Any termination of this Agreement shall not release a Party from paying any fees owed to the other party for any periods prior to or after termination, except as described in Section 7, Cancellation; Cancellation Fees, below.
Acts Upon Termination. From and after the effective date of termination of this Agreement, the Manager shall not be entitled to compensation for further services to the Fund but shall be paid all compensation accruing to the effective date of termination. The Manager shall and is hereby authorized and directed to, forthwith upon termination:
a) pay over to the Fund any monies collected and held for the account of the Fund after deducting any accrued compensation to which the Manager is then entitled;
b) deliver to the Fund a full accounting, including a statement showing all payments collected by the Manager and a statement of all monies held by the Manager covering the period following the date of the last accounting furnished to the Manager; and
c) deliver to and where applicable transfer into the name of the Fund, or as the Trustee may direct in writing on behalf of the Fund, all property and documents of the Fund which may then be in the custody of the Manager.
Acts Upon Termination. Upon termination or expiration of this Agreement, Sponsor shall immediately cease utilization of the SHPE Trademarks in connection with the Sponsor products or services, any Sponsor activities,or for any other purpose. Any termination of this Agreement shall not release a party from paying any fees owed to the other party for any periods prior to or after termination.
Acts Upon Termination. On termination of the Agreement, CHAPTER shall promptly: cease using and authorizing the use of any name or trademark or any information relating to or discussed in this Agreement; and turn over to SCB all funds remaining in CHAPTER’S accounts as well as all CHAPTER files and materials, including records of meetings, program materials, financial records and governance documents.
Acts Upon Termination. Upon termination of this Agreement, Commerce shall deliver at its office all Securities and cash held by it to such bank or trust company eligible to serve as custodian as the Partnership may designate, unless the Partnership shall have furnished to Commerce an Officer's Certificate advising that a successor custodian cannot be found willing and able to act upon reasonable and customary terms and that there has been submitted to the limited partners of the Partnership the question of whether the Partnership shall be liquidated. In that event the said Securities and cash shall be delivered subject as aforesaid, in accordance with such action as has been approved by the requisite vote of limited partners upon receipt of a copy of the minutes of the meeting of limited partners at which such action was taken, certified by a General Partner of the Partnership.
Acts Upon Termination. If a party terminates this Agreement, Adviser will not recommend or take any action with regard to the securities, cash or other investments in Client’s account or liquidate any assets in Client’s account after the termination date.
Acts Upon Termination. Upon termination of this Agreement, Lockwood agrees that it sh▇▇▇ ▇▇▇tinue to supply all orders from any Retailers for a period of two (2) months (the "Continuation Period"). PCI shall be entitled to a Commission for all sales to Retailers during such Continuation Period.
Acts Upon Termination. Upon the expiration or sooner termination of this Agreement, KCRHA shall terminate its contracts with the Service Providers with respect to the Properties and cause the Service Providers to remove all persons and personal property from the Properties at the termination or expiration date, and shall leave the Properties in a reasonably neat and clean condition. If any personal property of a Service Provider or guest is not removed, the property shall be deemed abandoned and the City shall have the right to keep any property, remove and dispose of it, or sell it. KCRHA shall cause its Service Providers to pay the City its reasonable and direct costs incurred for the removal and disposal of any personal property remaining at any Property after the applicable termination or expiration date. Additionally, KCRHA shall cause its Service Providers to restore each license area at each applicable Property to the condition that existed as of the License Commencement Date for such Property, normal wear and tear excepted, or to such other condition specified in Appendix A or otherwise agreed-upon between the Parties and confirmed in writing. For any Property that is utilized for a tiny house village (or comparable temporary housing structures), KCRHA shall remove, or cause its Service Providers to remove, all tiny houses, offices, hygiene equipment, and additional supporting equipment from the Property by or before the applicable termination or expiration date. Utility infrastructure installed by KCRHA or its Service Providers or contractors may remain on site, but must be safely turned off and capped or disconnected in a manner satisfactory to the City. KCRHA’s obligations under this Article III, Section 3 shall survive expiration or termination of the license to use any specific Property and the expiration or termination of this Agreement.
Acts Upon Termination. Upon termination or expiration of this Agreement, Company shall: (i) immediately cease utilization of the ABC Trademarks in connection with the Company products or services, any Company activities, or for any other purpose. Any termination of this Agreement shall not release a party from paying any fees owed to the other party for any periods prior to or after termination.