Ownership of Replacements. All repairs, alterations, improvements, renewals or replacements made pursuant to this Article V, and all amounts kept in the Reserve, shall be the property of Owner, subject to Manager's rights to such funds as otherwise provided in this Agreement.
Appears in 5 contracts
Samples: Management Agreement (Apple Hospitality Five Inc), Management Agreement (Apple Hospitality Five Inc), Management Agreement (Apple Hospitality Five Inc)
Ownership of Replacements. All repairs, alterations, improvements, renewals or replacements made pursuant to this Article V, and all amounts kept in the Reserve, shall be the property of Owner, subject to Manager's ’s rights to such funds as otherwise provided in this Agreement.
Appears in 2 contracts
Samples: Management Agreement (Apple Reit Six Inc), Management Agreement (Apple Reit Six Inc)
Ownership of Replacements. All repairs, alterations, improvements, renewals or replacements made pursuant to this Article V, and all amounts kept in the Reserve, shall be the property of Ownershall, subject to Manager's rights to such funds except as otherwise provided in this Agreement, be the property of Owner.
Appears in 2 contracts
Samples: Management Agreement (Apple Hospitality Five Inc), Management Agreement (Apple Hospitality Two Inc)
Ownership of Replacements. All repairs, alterations, improvements, renewals or replacements made pursuant to this Article V, and all amounts kept in the Capital Reserve, shall be the property of Ownershall, subject to Manager's rights to such funds except as otherwise provided in this Agreement, be the property of Owner.
Appears in 1 contract
Samples: Hotel Management Agreement (Strategic Hotel Capital Inc)
