Common use of Post-Termination Actions Clause in Contracts

Post-Termination Actions. 9.7.1 Within 45 days after the expiration or termination of this Agreement, whether or not in accordance with this Clause 9, Shurgard shall provide the Company with a final accounting of all transactions theretofore completed. Any amount then owing to Shurgard pursuant to the terms of this Agreement, whether for reimbursement of expenses or on account of its fees hereunder, shall be paid promptly to Shurgard. 9.7.2 Upon expiration or termination of this Agreement, Shurgard shall surrender to the Company and the Subsidiaries custody and possession of the Properties, as well as the books and records of the Company and the Subsidiaries and the books and records relating to the operations of the Properties. All signs utilizing Shurgard Marks (as defined below) and lighthouses shall be removed in accordance with Clause 10.1.

Appears in 2 contracts

Sources: Property and Asset Management Agreement, Property and Asset Management Agreement (Shurgard Storage Centers Inc)