Common use of Asset Manager Clause in Contracts

Asset Manager. In the event of the removal and replacement of the Asset Manager, it shall be entitled to receive all fees and compensation that are due and payable under the Asset Management Agreement as of the Removal Date, and it shall pay all Operating and Offering Expenses that are due and payable as of the Removal Date. The replacement Asset Manager (including the Liquidator as described below) shall be entitled to all fees and compensation, and shall pay all Operating and Offering Expenses, which become due and payable following the Removal Date. The indemnification and exculpation provisions of the Asset Management Agreement shall survive the Removal Date. The Asset Manager shall assist the replacement Asset Manager with the transition including providing actual or copies of all documents or agreements relating to the Series in its possession or control.