AGENT AGREES Sample Clauses
AGENT AGREES. The Agent agrees to distribute the Company’s products in the Territory in accordance with the following obligations:
(a) To provide the Company with a six (6) month forecast of their projected product needs.
(b) To maintain sufficient Nauticon inventory in stock to satisfy the market’s projected demand.
(c) To provide the company with changing marketing information so it can adjust to new market conditions & requirements.
(d) To perform in accordance with all terms & conditions of this Agreement, including:
i. Issuing appropriate letters of credit in a timely manner.
ii. Issuing purchase orders with the proper lead-time
(e) To obtain and pay all costs associated with, and be in possession of all official approvals, licenses, registrations, and permits for the effective operation of its business and its performance under this Agreement.
(f) To conduct the Agent’s business in an efficient, responsible and ethical manner so as to enhance & support the reputation and goodwill of the Products in the Territory.
(g) To refrain from manufacturing and selling any or part of all products which are, in the Company’s judgment, directly competitive with the Company’s Products.
(h) To work with design and spec engineering, architect firms, and owners.
(i) To be actively involved in commissioning all projects involving Power Cold products they have sold and or installed.
(j) To provide scheduled maintenance and warranty service for all products sold and or installed by the Agent.
AGENT AGREES. A. To manage on Owner’s behalf the rental, lease and operation of the Property in accordance with all applicable federal, state and local laws concerning the leasing and operation of residential property. Said services specifically do not include the loaning of money or the advancing of money to meet financial obligations and maintenance costs incurred with respect to the Property.
B. To use its best efforts and diligence in securing tenants for rental of the Property, including advertising the Property and investigating employment, references and credit verification of prospective tenants at Agent’s expense. Agent will use its best efforts to get the highest possible rent for the Owner upon terms and price acceptable to Owner.
C. To use diligence in the management of the Property for the period and upon the terms provided, and agrees to furnish services of Agent's organization for the renting, leasing, operation and managing of the Property, and to inspect the Property periodically exclusive of initial and final inspections with Tenant, or inspections necessitated by problems with the Property. Inspections are at the discretion of the Agent.
D. At Owner’s expense, to make or cause to be made all ordinary repairs and replacements necessary to preserve the Property in its present condition for operating efficiency; to negotiate contracts for nonrecurring repair items not to exceed $ and to enter into agreements for all necessary repairs, maintenance, minor alterations, and utility services; and to purchase supplies and pay all bills. Agent shall secure the approval of the Owner for any single expenditure in excess of $ . If Owner elects to have major repairs and/or extensive renovations done while property is being managed by Agent, and Agent oversight is required, Owner and Agent must mutually agree to an additional fee to be paid by Owner to Agent for undertaking the responsibility of repair oversight.
E. To render monthly statements of receipts, expenses and charges, and to remit to Owner receipts less disbursements, including Agent's Management Fee. Agent may provide monthly statements by e-mail, fax, or regular mail service. In the event the disbursements shall be in excess of the rents collected by the Agent, the Owner agrees to pay such excess promptly upon demand by the Agent. Agent will render a calendar year-end statement of all funds received and disbursed.
F. To handle Tenants' security deposits in the manner described by law.
AGENT AGREES. (A) To accept the management of the above-described property and to provide the services of the organization for the rent, operation and management of said property.
(B) To verify employment, previous landlord, and credit report, concerning all references of prospective tenant, as available.
(C) To render a monthly accounting of receipts, charges and expenses and remit balance to owner, less maintenance & service charges if applicable, and Agent’s commission. INITIAL INITIAL
AGENT AGREES. A. To use reasonable skill and efforts to serve present tenants; to obtain suitable new tenants as vacancies occur; to furnish all services and to supervise all labor reasonably required for the management, operation and maintenance of the Owner’s property subject to the limitations and definitions of this Agreement and subject to the spending authorizations stated in Section 4B of this Agreement.
B. To advise the Owner promptly of circumstances that Agent may encounter which require attention, but which in the Agent’s opinion are beyond the regular operating scope of this Agreement. Such circumstances might include, but are not limited to: Unusual or large maintenance, repair or property damage issues; unusual or serious issues involving tenants; Issues involving local, state or federal regulatory authority; unusual, serious issues involving vendors providing services to the property and serious issues involving on-site employees.
C. All funds received on behalf of the Owner will be deposited to and disbursed from a non- interest bearing a 4 ELEMENTS PROPERTY MANAGEMENT, LLC Client’s Trust Account/ Property Name in accordance with Washington Statutes and Rules. Accounting is performed on a calendar month, cash basis. Agent may derive direct banking benefits (not including interest) which are hereby deemed permissible compensation to Agent in addition to that provided elsewhere in this Agreement. Bank where Agent shall hold Owner Funds in Trust:
D. To deposit, hold and disburse all tenant security deposit funds from a 4 ELEMENTS PROPERTY MANAGEMENT, LLC Client’s Trust Account/ Security Deposits in accordance with Washington Landlord Tenant Law and Washington Statutes and Rules. Non-refundable tenant fees shall be deposited in the Cleint Trust Account as property income. Security Deposit Funds shall be held at:
AGENT AGREES. 2.1 To accept the management of the Premises, to the extent, for the period, and upon the terms herein provided and agrees to furnish the services of its organization for the rental operation and management of the Premises.
2.2 To prepare a monthly statement of receipts and disbursements and to remit, on a monthly basis, the net cash flow generated by the Premises after payment of all operating expenses, debt service, and escrow payments, if applicable, to the following party: Secured Investment Resources Fund, L.P., III c/o David L. Johnson ▇04 Armour Road ▇.O. Box 34729 ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇al monthly disbursements are in excess of total monthly receipts, Owner shall promptly provide funds to cover such shortfalls. Nothing contained herein shall obligate Agent to advance its own funds on behalf of Owner to cover any shortfalls.
2.3 To cause all employees of Agent who handle or are responsible for the safekeeping of any monies of Owner to be covered by a fidelity bond in an amount and with a company determined by Agent.