Payments to and Duties of Advisor Upon Termination Clause Example with 33 Variations from Business Contracts

This page contains Payments to and Duties of Advisor Upon Termination clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Payments to and Duties of Advisor Upon Termination. (a) After the Termination Date, the Advisor shall not be entitled to compensation for further services hereunder except it shall be entitled to receive from the Company or the Operating Partnership within 30 days after the effective date of such Termination Date all unpaid reimbursements of expenses and all earned but unpaid fees payable to the Advisor prior to termination of this Agreement, subject to the 2%/25% Guidelines to the extent applicable. (b) The Advisor shall promptly upon terminatio...n: (i) pay over to the Company and the Operating Partnership all money collected and held for the account of the Company and the Operating Partnership pursuant to this Agreement, after deducting any accrued compensation and reimbursement for its expenses to which it is then entitled; (ii) deliver to the Board a full accounting, including a statement showing all payments collected by it and a statement of all money held by it, covering the period following the date of the last accounting furnished to the Board; (iii) deliver to the Board all assets, including all Investments, and documents of the Company and the Operating Partnership then in the custody of the Advisor; and (iv) reasonably cooperate with the Company and the Operating Partnership to provide an orderly management transition. View More Arrow
Found in Steadfast Income REIT, Inc. contract

Variations of a "Payments to and Duties of Advisor Upon Termination" Clause from Business Contracts

Payments to and Duties of Advisor Upon Termination. (a) After the Termination Date, the Advisor shall not be entitled to compensation for further services hereunder except it shall be entitled to receive from the Company or the Operating Partnership within 30 thirty (30) days after the effective date of such Termination Date all unpaid reimbursements of expenses and all earned but unpaid fees payable to the Advisor prior to termination of this Agreement, Expenses, subject to the 2%/25% Guidelines to the extent applicable. applicable, and all Mana...gement Fees earned but unpaid prior to termination of this Agreement. (b) The Advisor shall promptly upon termination: (i) pay over to the Company and the Operating Partnership all money collected and held for the account of the Company and the Operating Partnership pursuant to this Agreement, after deducting any accrued compensation and reimbursement for its expenses Expenses to which it is then entitled; entitled under Section 19(a); (ii) deliver to the Board a full accounting, including a statement showing all payments collected by it and a statement of all money held by it, covering the period following the date of the last accounting furnished to the Board; (iii) deliver to the Board all assets, including all Investments, and documents of the Company and the Operating Partnership then in the custody of the Advisor; and Adopted by the Board of Trustees Effective 1.1.16 (iv) reasonably cooperate with the Company and the Operating Partnership to provide an orderly management transition. View More Arrow
Found in Sterling Real Estate Trust contract
Payments to and Duties of Advisor Upon Termination. (a) After the Termination Date, the Advisor shall not be entitled to compensation for further services hereunder except it shall be entitled to receive from the Company or the Operating Partnership within 30 thirty (30) days after the effective date of such Termination Date all unpaid reimbursements of expenses and all earned but unpaid fees payable to the Advisor prior to termination of this Agreement, Expenses, subject to the 2%/25% Guidelines to the extent applicable. applicable, and all Mana...gement Fees earned but unpaid prior to termination of this Agreement. (b) The Advisor shall promptly upon termination: (i) pay over to the Company and the Operating Partnership all money collected and held for the account of the Company and the Operating Partnership pursuant to this Agreement, after deducting any accrued compensation and reimbursement for its expenses Expenses to which it is then entitled; entitled under Section 19(a); (ii) deliver to the Board a full accounting, including a statement showing all payments collected by it and a statement of all money held by it, covering the period following the date of the last accounting furnished to the Board; (iii) deliver to the Board all assets, including all Investments, and documents of the Company and the Operating Partnership then in the custody of the Advisor; and Adopted by the Board of Trustees Effective 1.1.14 (iv) reasonably cooperate with the Company and the Operating Partnership to provide an orderly management transition. View More Arrow
Found in Sterling Real Estate Trust contract
Payments to and Duties of Advisor Upon Termination. (a) After the Termination Date, the Advisor shall not be entitled to compensation for further services hereunder hereunder, unless otherwise provided by the Board, except it shall be entitled to receive from the Company or the Operating Partnership within 30 thirty (30) days after the effective date of such Termination Date all unpaid reimbursements of expenses and all earned but unpaid fees payable to the Advisor prior to termination of this Agreement, Expenses, subject to the 2%/25% Guidelines... to the extent applicable. applicable, and all Management Fees earned but unpaid prior to termination of this Agreement. (b) The Advisor shall promptly upon termination: (i) pay over to the Company and the Operating Partnership all money collected and held for the account of the Company and the Operating Partnership pursuant to this Agreement, after deducting any accrued compensation and reimbursement for its expenses Expenses to which it is then entitled; entitled under Section 19(a); (ii) deliver to the Board a full accounting, including a statement showing all payments collected by it and a statement of all money held by it, covering the period following the date of the last accounting furnished to the Board; (iii) deliver to the Board all assets, including all Investments, and documents of the Company and the Operating Partnership then in the custody of the Advisor; and (iv) reasonably cooperate with the Company and the Operating Partnership to provide an orderly management transition. View More Arrow
Found in Sterling Real Estate Trust contract