Owner Responsible for Payments. Upon termination, Owner shall pay Manager any fees, commissions, and expenses due to Manager for services already rendered or payments due through the month of termination. Owner shall assume and satisfy the obligations of any contract or outstanding xxxx incurred by Manager under this Agreement. Manager may withhold funds for up to 60 days after the end of the month in which this Agreement is terminated in order to pay bills previously incurred but not yet invoiced and to close accounts. Manager shall deliver to Owner, within 60 days after the end of the month in which this Agreement is terminated, any balance of monies due Owner, which were held by the manager with respect to the Property, as well as a final accounting reflecting the balance of income and expenses with respect to the Property as of the date of termination or withdraw.
Owner Responsible for Payments. Upon termination of or withdrawal from this Agreement, Owner shall assume the obligations of any contract or outstanding xxxx executed by Pinnacle under this Agreement for and on behalf of Owner, if such xxxx was incurred by Pinnacle in accordance with the Plan or as otherwise approved by Owner. In addition, Owner shall indemnify Pinnacle against any obligations or liabilities which Pinnacle may have properly incurred on Owner's behalf under this Agreement.
Owner Responsible for Payments. Upon Termination or withdrawal from this Agreement, Owner shall assume the obligations of any contract or outstanding xxxx executed by Agent under this Agreement for and on behalf of Owner and responsibility for payment of all unpaid bills. In addition, Owner shall furnish Agent security, in an amount satisfactory to Agent, against any obligations or liabilities with Agent may have properly incurred on Owner's behalf under this Agreement. Agent may withhold funds for ninety (90) days after the end of the month in which this Agreement is terminated, in order to pay bills previously incurred by not yet invoiced and to close accounts. Agent shall deliver to Owner, within ninety (90) days after the end of the month in which this Agreement is terminated, any balance of monies due Owner or of tenant security deposits, or both which were held by Agent with respect to the Premises, as well as a final accounting reflecting the balance of income and expenses with respect to the Premises as of the date of termination or withdrawal, and all records, contracts, leases, receipts for deposits, and other papers or documents which pertain to the Premises.
Owner Responsible for Payments. Upon termination of or withdrawal from this Agreement, Owner shall assume the obligations of any contract or outstanding xxxx executed by Agent under this Agreement for and on behalf of Owner and responsibility for payment of all unpaid bills. In addition, Owner shall furnish Agent security, in an amount satisfactory to Agent, against any obligations or liabilities which Agent may have properly incurred on Owner’s behalf under this Agreement. Agent may withhold funds for ninety (90) days after the end of the month in which this Agreement is terminated, in order to pay bills previously incurred but not yet invoiced and to close accounts. Agent shall deliver to Owner, within ninety (90) days after the end of the month in which this Agreement is terminated, any balance of monies due Owner or of tenant security deposits, or both, which were held by Agent with respect to the Premises, as well as a final accounting reflecting the balance of income and expenses with respect to the Premises as of the date of termination or withdrawal, and all records, contracts, leases, receipts for deposits, and other papers or documents which pertain to the Premises.
Owner Responsible for Payments. Owner will be responsible for the direct handling and payment of invoices received after notice of termination. Upon notice of termination, Manager will submit to Owner written notice of all obligations payable with respect to the Properties through the termination date.
Owner Responsible for Payments. Upon termination of this Agreement, Owner shall assume the obligations of any contract or outstanding costs incurred by Broker under this Agreement. Broker may withhold funds for thirty (30) days after the end of the month in which this Agreement is terminated in order to pay bills previously incurred but not yet invoiced and to close accounts. Broker shall deliver to Owner, within thirty (30) days after the end of the month in which this Agreement is terminated, any balance of monies due Owner or tenant security deposits, or both, which were held by the Broker with respect to the Property, as well as a final accounting reflecting the balance of income and expenses with respect to the Property as of the date of termination or withdrawal. If, after termination, Broker receives funds which are payable to the Owner, Broker may deduct an administration fee of $15, or 2%, whichever is greater, before delivering the balance of the funds to the Owner.
Owner Responsible for Payments. Upon termination of this Agreement, Owner shall assume 18 the obligations of any contract or outstanding costs incurred by Broker under this Agreement. Broker may 19 withhold funds for thirty (30) days after the end of the month in which this Agreement is terminated in order to 20 pay bills previously incurred but not yet invoiced and to close accounts. Broker shall deliver to Owner, within 21 thirty (30) days after the end of the month in which this Agreement is terminated, any balance of monies due 22 Owner or tenant security deposits, or both, which were held by the Broker with respect to the Property, as well as 23 a final accounting reflecting the balance of income and expenses with respect to the Property as of the date of 24 termination or withdrawal. If, after termination, Broker receives funds which are payable to the Owner, Broker 25 may deduct an administration fee of $ _-OR- %, whichever is greater, before delivering 26 the balance of the funds to the Owner. Owner Initials [ ] [ ]
Owner Responsible for Payments. Upon termination of this Agreement, Owner shall assume the 37 obligations of any contract or outstanding costs incurred by Broker/Designated Property Manager under this 38 Agreement. Broker/Designated Property Manager may withhold funds for thirty (30) days after the end of the 39 month in which this Agreement is terminated in order to pay bills previously incurred but not yet invoiced and to 40 close accounts. Broker/Designated Property Manager shall deliver to Owner, within thirty (30) days after the end 41 of the month in which this Agreement is terminated, any balance of monies due Owner or tenant security deposits, 42 or both, which were held by the Broker/Designated Property Manager with respect to the Property, as well as a final 43 accounting reflecting the balance of income and expenses with respect to the Property as of the date of termination 44 or withdrawal. If, after termination, Broker/Designated Property Manager receives funds which are payable to the 45 Owner, Broker/Designated Property Manager may deduct an administration fee of $ 50.00
Owner Responsible for Payments. Owner will be responsible for the direct handling and payment of invoices received after notice of termination, provided that to the extent of available operating funds in the Operating Account, Manager may, but shall not be required to do so, continue to pay obligations incurred by the Property through the termination date, but not including Manager’s fees and reimbursements. Upon notice of termination, Manager will submit to Owner an estimate of the additional funds required to pay all Operating Obligations incurred by the Property through the termination date. Owner will promptly remit all additional funds required by such estimate, and Manager will not be obligated to advance its own funds for payment of obligations incurred on behalf of the Property or Owner.
Owner Responsible for Payments. Upon termination of or withdrawal from this Agreement, Owner shall assume the obligations of any contract or outstanding bxxx executed by Agent in accordance with this Agreement for and on behalf of Owner and responsibility for payment of all unpaid bills. In addition, Owner shall furnish Agent security, in an amount satisfactory to Agent, against any obligations or liabilities that Agent may have properly incurred on Owner's behalf under this Agreement. MDA City Apartments (Recap) 16 Agent may withhold necessary funds for up to sixty (60) days after the end of the month in which this Agreement is terminated, in order to pay bills previously incurred but not yet invoiced and to close accounts. Agent shall deliver to Owner, (a) within sixty (60) days after the end of the month in which this Agreement is terminated, any balance of monies due Owner and (b) immediately after termination, any tenant security deposits which were held by Agent with respect to the Premises, and any excess funds not needed to be retained by Agent to pay such outstanding bills. As promptly as possible, but in no event later than sixty (60) days after termination, Agent shall provide Owner with a final accounting reflecting the balance of income and expenses with respect to the Premises as of the date of termination or withdrawal, and all records, contracts, leases, receipts for deposits, and other papers or documents which pertain to the Premises.
