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

This example Payments to and Duties of Advisor Upon Termination clause appears in 4 contracts from 2 companies

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 Corporation or the Operating Partnership within 30 days after the effective date of such termination all unpaid reimbursements of expenses and all earned but unpaid fees payable to the Advisor prior to termination of this Agreement. In addition, in accordance with the provisions of Paragraph 12, the Advisor shall be entitled to receive a...ny Excess Amount (as defined in Paragraph 12) for which the Independent Directors determined (before or after the Termination Date) that there was justification based on unusual and nonrecurring factors. 15 (b) The Advisor shall promptly upon termination: (i) pay over to the Corporation and the Operating Partnership all money collected and held for the account of the Corporation 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 of Directors 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 of Directors; (iii) deliver to the Board of Directors all Assets and documents of the Corporation and the Operating Partnership then in the custody of the Advisor; and (iv) cooperate with the Corporation and the Operating Partnership to provide an orderly management transition. View More Arrow
Found in INDUSTRIAL PROPERTY TRUST INC. contract
INDUSTRIAL PROPERTY TRUST INC. Contracts

FOURTH AMENDED AND RESTATED ADVISORY AGREEMENT among INDUSTRIALPROPERTY TRUST INC., INDUSTRIAL PROPERTY OPERATING PARTNERSHIP LP and INDUSTRIALPROPERTY ADVISORS LLC 1 TABLE OF... (Filed With SEC on August 16, 2016)

SECOND AMENDED AND RESTATED ADVISORY AGREEMENT among INDUSTRIALPROPERTY TRUST INC., INDUSTRIAL PROPERTY OPERATING PARTNERSHIP LP and INDUSTRIALPROPERTY ADVISORS LLC TABLE OF... (Filed With SEC on July 22, 2015)

DC Industrial Liquidating Trust Contracts

SIXTH AMENDED AND RESTATED ADVISORY AGREEMENT among INDUSTRIALINCOME TRUST INC., INDUSTRIAL INCOME OPERATING PARTNERSHIP LP and INDUSTRIAL INCOMEADVISORS LLC (Filed With SEC on August 11, 2014)

SEVENTH AMENDED AND RESTATED ADVISORY AGREEMENT among INDUSTRIALINCOME TRUST INC., INDUSTRIAL INCOME OPERATING PARTNERSHIP LP and INDUSTRIAL INCOMEADVISORS LLC (Filed With SEC on May 13, 2015)