Manager’s Obligations Upon Termination. Upon the termination of this Management Agreement, Manager shall have the following duties: (a) Manager shall deliver to Owner or its designee, all books and records with respect to the Properties. (b) Manager shall transfer and assign to Owner, or its designee, all service contracts and personal property relating to or used in the operation and maintenance of the Properties, except personal property paid for and owned by Manager. Manager shall also, for a period of sixty (60) days immediately following the date of such termination, make itself available to consult with and advise Owner, or its designee, regarding the operation, maintenance and leasing of the Properties. (c) Manager shall render to Owner an accounting of all funds of Owner in its possession and shall deliver to Owner a statement of all Management Fees claimed to be due to Manager and shall cause funds of Owner held by Manager relating to the Properties to be paid to Owner or its designee.
Appears in 28 contracts
Sources: Property Management and Leasing Agreement (Behringer Harvard Opportunity REIT I, Inc.), Property Management and Leasing Agreement (Carter Validus Mission Critical REIT, Inc.), Property Management & Leasing Agreement (Behringer Harvard Opportunity REIT I, Inc.)
Manager’s Obligations Upon Termination. Upon the termination of this Management Agreement, Manager shall have the following duties:
(a) Manager shall deliver to Owner or its designee, all books and records with respect to the Properties.
(b) Manager shall transfer and assign to Owner, or its designee, all service contracts and personal property relating to or used in the operation and maintenance of the Properties, except personal property paid for and owned by Manager. Manager shall also, for a period of sixty (60) days immediately following the date of such termination, make itself available to consult with and advise Owner, or its designee, regarding the operation, maintenance and leasing of the Properties.
(c) Manager shall render to Owner an accounting of all funds of Owner in its possession and shall deliver to Owner a statement of all Management Fees management and leasing fees claimed to be due Manager pursuant to Manager Section 5.1 hereof and shall cause funds of Owner held by Manager relating to the Properties to be paid to Owner or its designee.
Appears in 9 contracts
Sources: Property Management and Leasing Agreement (Behringer Harvard Mid Term Value Enhancement Fund I Lp), Property Management and Leasing Agreement (Behringer Harvard Short Term Opportunity Fund I Lp), Property Management and Leasing Agreement (Behringer Harvard Mid Term Value Enhancement Fund I Lp)
Manager’s Obligations Upon Termination. Upon the termination of this Management Agreement, Manager shall have the following duties:
(a) Manager shall deliver to Owner or its designee, all books and records with respect to the PropertiesProperty.
(b) Manager shall transfer and assign to Owner, or its designee, all service contracts and personal property relating to or used in the operation and maintenance of the PropertiesProperty, except personal property paid for and owned by Manager. Manager shall also, for a period of sixty (60) days immediately following the date of such termination, make itself available to consult with and advise Owner, or its designee, regarding the operation, maintenance and leasing of the PropertiesProperty.
(c) Manager shall render to Owner an accounting of all funds of Owner in its possession and shall deliver to Owner a statement of all Management Fees claimed to be due to Manager and shall cause funds of Owner held by Manager relating to the Properties Property to be paid to Owner or its designee.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Carter Validus Mission Critical REIT, Inc.)
Manager’s Obligations Upon Termination. Upon the termination of this Management Agreement, Manager shall have the following duties:
(a) Manager shall deliver to Owner or its designee, all books and records with respect to the Properties.
(b) Manager shall transfer and assign to Owner, or its designee, all service contracts and personal property relating to or used in the operation and maintenance of the Properties, except personal property paid for and owned by Manager. Manager shall also, for a period of sixty (60) days immediately following the date of such termination, make itself available to consult with and advise Owner, or its designee, regarding the operation, maintenance and leasing of the Properties.
(c) Manager shall render to Owner an accounting of all funds of Owner in its possession and shall deliver to Owner a statement of all Management Fees claimed to be due to Manager and shall cause funds of Owner held by Manager relating to the Properties to be paid to Owner or its designee.
Appears in 1 contract
Sources: Property Management and Leasing Agreement (Behringer Harvard Real Estate Investment Trust I Inc)