Common use of Fees Upon Termination Clause in Contracts

Fees Upon Termination. Upon termination of this Agreement, the Fee shall be adjusted as at the effective date of termination. Any overpayment shall forthwith be refunded to TKLP and any underpayment shall forthwith be paid to TK Bahamas.

Appears in 3 contracts

Sources: Administrative Services Agreement (Teekay Offshore Partners L.P.), Administrative Services Agreement (Teekay Offshore Partners L.P.), Administrative Services Agreement (Teekay LNG Partners L.P.)

Fees Upon Termination. Upon termination of this Agreement, the Fee shall be adjusted as at the effective date of termination. Any overpayment shall forthwith be refunded to TKLP OPERATING SUB and any underpayment shall forthwith be paid to TK Bahamas.

Appears in 1 contract

Sources: Advisory, Technical and Administrative Services Agreement (Teekay Offshore Partners L.P.)