Common use of Responsibilities Upon Termination Clause in Contracts

Responsibilities Upon Termination. Upon termination of this Agreement, the Advisor shall forthwith deliver the following to the Company and/or the General Partner, as applicable, on the effective date of termination: (a) A final accounting reflecting the balance of funds held on behalf of the Company or the General Partner as of the date of termination; and (b) All files, records, documents and other property of any kind relating to the Company or the General Partner, including, but not limited to, computer records, contracts, leases, warranties, bank statements, rent rolls, employment records, plans and specifications, inventories, correspondence, tenant records, receipts, paid and unpaid bills or invoices, maintenance records.

Appears in 3 contracts

Sources: Advisory Agreement (Shelbourne Properties Iii Inc), Advisory Agreement (Shelbourne Properties Ii Inc), Advisory Agreement (Shelbourne Properties I Inc)