Common use of Orderly Transition Clause in Contracts

Orderly Transition. In the event of any termination or expiration of this Agreement, Agent shall use its best efforts to effect an orderly transition of the management and operation of the Property to an agent designated by Owner and to cooperate with such agent. Upon termination or expiration of this Agreement, Agent’s rights, if any, to withdraw funds from any account which contains funds collected in connection with the Property shall terminate. Agent shall remove all signs that it may have placed at the Property containing its name and repair any resulting damage. In addition, Agent shall deliver the following to Owner on or before thirty (30) days following the termination or expiration date:

Appears in 7 contracts

Samples: Management Accounting Services Agreement (KBS Legacy Partners Apartment REIT, Inc.), Account Services Agreement (KBS Legacy Partners Apartment REIT, Inc.), Account Services Agreement (KBS Legacy Partners Apartment REIT, Inc.)

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