Common use of Final Remittance Clause in Contracts

Final Remittance. Upon the expiration or termination of this Agreement,all remaining amounts in (a) the Reserve and (b) the Operating Account, after payment of all Gross Operating Expenses for which bills were received to date and after payment of Operator’s Management Fee, shall be transferred forthwith to Owner by Operator. Except as provided in Section 22.1, Owner shall pay, or cause to be paid, and shall hold Operator harmless from and against all Gross Operating Expenses accrued in accordance with the Uniform System of Accounts and this Agreement and invoices related to Gross Operating Expenses received after Operator has transferred all funds to Owner.

Final Remittance. Upon the expiration or termination of this Agreement,, all remaining amounts in (a) the Reserve and (b) the Operating Agency Account, after payment of all Gross Operating Expenses for which bills were received to date date, and after payment of Operator’s 's Management FeeFee then due and payable, shall be transferred forthwith to Owner by Operator. Except as provided in Section 22.1, (Owner shall pay, or cause to be paid, and shall hold Operator harmless from and against all Gross Operating Expenses accrued in accordance with the Uniform System of Accounts and this Agreement generally accepted accounting principles and invoices related to Gross Operating Expenses received after Operator has transferred all funds to Owner.)