Common use of Manager’s Obligations Upon Termination Clause in Contracts

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 60 days immediately following the date of 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.