Common use of Post-Termination Transition Clause in Contracts

Post-Termination Transition. Upon termination of this Agreement, Manager will: (a) provide to a successor Manager designated by EEP all original files and records in Manager's possession or under Manager's control relating to the Properties or the Services rendered by Manager hereunder, excluding, however, employee records (provided that Manager may retain a duplicate of files and records furnished to such successor Manager); (b) to the extent assignable, assign to EEP or its designee all permits and licenses, if any, held by Manager on behalf of Reserves that are necessary or desirable for the continued operation of the Properties in the manner in which they were operated upon termination of this Agreement; (c) cooperate with EEP's transfer of the management of the Properties in the manner provided under this Agreement and execute such instruments and take such further action as EEP may reasonably request to transfer the same; and (d) at EEP's request, provide transition services for up to 90 days after termination of this Agreement in order to facilitate the transfer of operations of the Properties to a new operator designated by Reserves; provided, however, that during such transition period, Reserves shall continue to pay Manager the Management Incentive Fee, prorated to the number of days of transition services provided by Manager and continue to reimburse Manager, as provided in Section 5.3, for costs and expenses incurred by Manager in connection with transition services.

Post-Termination Transition. Upon termination of this Agreement, Manager will: (a) provide to a successor Manager designated by EEP all original files and records in Manager's possession or under Manager's control relating to the Properties or the Services rendered by Manager hereunder, excluding, however, employee records (provided that Manager may retain a duplicate of files and records furnished to such successor Manager); (b) to the extent assignable, assign to EEP or its designee all permits and licenses, if any, held by Manager on behalf of Reserves EEP that are necessary or desirable for the continued operation of the Properties Business in the manner in which they were it was operated upon termination of this Agreement; (c) cooperate with EEP's transfer of the management of the Properties Business in the manner provided under this Agreement and execute such instruments and take such further action as EEP may reasonably request to transfer the same; and (d) at EEP's request, provide transition services for up to 90 days after termination of this Agreement in order to facilitate the transfer of operations of the Properties Business to a new operator designated by ReservesEEP; provided, however, that during such transition period, Reserves EEP shall continue to pay Manager the Management Incentive Fee, prorated to the number of days of transition services provided by Manager and continue to reimburse Manager, as provided in Section 5.3, for costs and expenses incurred by Manager in connection with transition services.