Banking Accommodations. The Manager shall establish and maintain a separate checking account (the “Account”) for funds relating to the Properties. All monies deposited from time to time in the Account shall be deemed to be trust funds and shall be and remain the property of the Owner and shall be withdrawn and disbursed by the Manager for the account of the Owner only as expressly permitted by this Management Agreement for the purposes of performing the obligations of the Manager hereunder. No monies collected by the Manager on the Owner’s behalf shall be commingled with funds of the Manager. The Account shall be maintained, and monies shall be deposited therein and withdrawn therefrom, in accordance with the following:
Appears in 35 contracts
Samples: Management and Leasing Agreement (American Realty Capital New York City REIT, Inc.), Management and Leasing Agreement (Healthcare Trust, Inc.), Management and Leasing Agreement (American Finance Trust, Inc)
Banking Accommodations. The Manager shall establish and maintain a separate checking account (the “Account”) for funds relating to the Properties. All monies deposited from time to time in the Account shall be deemed to be trust funds and shall be and remain the property of the Owner and shall be withdrawn and disbursed by the Manager for the account of the Owner only as expressly permitted by this Management Agreement for the purposes of performing the obligations of the Manager hereunder. No monies collected by the Manager on the Owner’s behalf shall be commingled with funds of the Manager. The Account shall be maintained, and monies shall be deposited therein and withdrawn therefrom, in accordance with the following:
Appears in 22 contracts
Samples: Management and Leasing Agreement (Behringer Harvard Opportunity REIT I, Inc.), Management Agreement (Lightstone Value Plus Real Estate Investment Trust, Inc.), Management Agreement (Behringer Harvard Opportunity REIT II, Inc.)
Banking Accommodations. The Manager shall establish and maintain a separate checking account (the “"Account”") for funds relating to the Properties. All monies deposited from time to time in the Account shall be deemed to be trust funds and shall be and remain the property of the Owner and shall be withdrawn and disbursed by the Manager for the account of the Owner only as expressly permitted by this Management Agreement for the purposes of performing the obligations of the Manager hereunder. No monies collected by the Manager on the Owner’s 's behalf shall be commingled with funds of the Manager. The Account shall be maintained, and monies shall be deposited therein and withdrawn therefrom, in accordance with the following:
Appears in 19 contracts
Samples: Management and Leasing Agreement (Behringer Harvard Mid Term Value Enhancement Fund I Lp), Property Management Agreement (Hartman Commercial Properties Reit), Management and Leasing Agreement (Behringer Harvard Mid Term Value Enhancement Fund I Lp)
Banking Accommodations. The Manager shall establish and maintain a separate checking account (the “Account”) for funds relating to the Properties. All monies deposited from time to time in the Account shall be deemed to be trust funds and shall be and remain the property of the Owner and shall be withdrawn and disbursed by the Manager for the account of the Owner only as expressly permitted by this Management Agreement for the purposes of performing the obligations of the Manager hereunder. No monies collected by the Manager on the Owner’s behalf shall be commingled with funds of the Manager. The Account shall be maintained, and monies shall be deposited therein and withdrawn therefrom, in accordance with the following:
Appears in 6 contracts
Samples: And Asset Management Agreement, Management Agreement, And Asset Management Agreement (Wells Real Estate Investment Trust Iii Inc)
Banking Accommodations. The Manager shall establish and maintain a ---------------------- separate checking account (the “"Account”) for funds relating to the Properties"). All monies deposited from time to time in the Account shall be deemed to be trust funds and shall be and remain the property of the Owner and shall be withdrawn and disbursed by the Manager for the account of the Owner only as expressly permitted by this Management Agreement for the purposes of performing the obligations of the Manager hereunder. No monies collected by the Manager on the Owner’s 's behalf shall be commingled with funds of the Manager. The Account shall be maintained, and monies shall be deposited therein and withdrawn therefrom, in accordance with the following:
Appears in 5 contracts
Samples: Management Agreement (Wells Real Estate Investment Trust Inc), Management Agreement (Wells Real Eastate Investment Trust Inc), Management Agreement (Wells Real Estate Fd Xii L P & Wells Real Estate Fd Xiii Lp)
Banking Accommodations. The Manager shall establish and maintain a separate checking account in the Owner’s name and controlled by Manager subject to the provisions of this Management Agreement (the “Account”) for funds relating to the Properties. All monies deposited from time to time in the Account shall be deemed to be trust funds and shall be and remain the property of the Owner and shall be withdrawn and disbursed by the Manager for the account of the Owner only as expressly permitted by this Management Agreement for the purposes of performing the obligations of the Manager hereunder. No monies collected by the Manager on the Owner’s behalf shall be commingled with funds of the Manager. The Account shall be maintained, and monies shall be deposited therein and withdrawn therefrom, in accordance with the following:
Appears in 5 contracts
Samples: Property Management and Leasing Agreement (Carter Validus Mission Critical REIT, Inc.), Property Management and Leasing Agreement (Cole Credit Property Trust III, Inc.), Property Management and Leasing Agreement (Cole Credit Property Trust III, Inc.)
Banking Accommodations. The Manager shall establish and maintain a separate checking account in the Owner's name and controlled by Manager subject to the provisions of this Management Agreement, (the “"Account”") for funds relating to the Properties. All monies deposited from time to time in the Account shall be deemed to be trust funds and shall be and remain the property of the Owner and shall be withdrawn and disbursed by the Manager for the account of the Owner only as expressly permitted by this Management Agreement for the purposes of performing the obligations of the Manager hereunder. No monies collected by the Manager on the Owner’s 's behalf shall be commingled with funds of the Manager. The Account shall be maintained, and monies shall be deposited therein and withdrawn therefrom, in accordance with the following:
Appears in 4 contracts
Samples: Management and Leasing Agreement (Cole Credit Property Trust II Inc), Management and Leasing Agreement (Cole Credit Property Trust II Inc), Management and Leasing Agreement (Cole Credit Property Trust II Inc)
Banking Accommodations. The Manager shall establish and maintain a ---------------------- separate checking account (the “"Account”") for funds relating to the Properties. All monies deposited from time to time in the Account shall be deemed to be trust funds and shall be and remain the property of the Owner and shall be withdrawn and disbursed by the Manager for the account of the Owner only as expressly permitted by this Management Agreement for the purposes of performing the obligations of the Manager hereunder. No monies collected by the Manager on the Owner’s 's behalf shall be commingled with funds of the Manager. The Account shall be maintained, and monies shall be deposited therein and withdrawn therefrom, in accordance with the following:
Appears in 2 contracts
Samples: Management and Leasing Agreement (Wells Real Estate Fund Xiii L P), Management and Leasing Agreement (Wells Real Estate Investment Trust Inc)
Banking Accommodations. The Manager shall establish and maintain a separate checking account (the “Account”) for funds relating to the Properties. All monies deposited from time to time in the Account shall be deemed to be trust funds and shall be and remain the property of the Owner and shall be withdrawn and disbursed by the Manager for the account of the Owner only as expressly permitted by this Management Agreement for the purposes of performing the obligations of the Manager hereunder. No monies collected by the Manager on the Owner’s Owners behalf shall be commingled with funds of the Manager. The Account shall be maintained, and monies shall be deposited therein and withdrawn therefromthere from, in accordance with the following:
Appears in 2 contracts
Samples: Berkeley Income Trust, Inc., Berkeley Income Trust, Inc.
Banking Accommodations. The Manager shall establish and maintain a separate checking account (the “Account”) for funds relating to the PropertiesProperty. All monies deposited from time to time in the Account shall be deemed to be trust funds and shall be and remain the property of the Owner and shall be withdrawn and disbursed by the Manager for the account of the Owner only as expressly permitted by this Management Agreement for the purposes of performing the obligations of the Manager hereunder. No monies collected by the Manager on the Owner’s behalf shall be commingled with funds of the Manager. The Account shall be maintained, and monies shall be deposited therein and withdrawn therefrom, in accordance with the following:
Appears in 2 contracts
Samples: Management and Leasing Agreement (American Finance Trust, Inc), Management and Leasing Agreement (American Finance Trust, Inc)
Banking Accommodations. The Property Manager shall establish and maintain a separate checking account (the “Account”) for funds relating to the Properties. All monies deposited from time to time in the Account shall be deemed to be trust funds and shall be and remain the property of the Owner and shall be withdrawn and disbursed by the Property Manager for the account of the Owner only as expressly permitted by this Management Agreement for the purposes of performing the obligations of the Property Manager hereunder. No monies collected by the Property Manager on the Owner’s behalf shall be commingled with funds of the Property Manager. The Account shall be maintained, and monies shall be deposited therein and withdrawn therefrom, in accordance with the following:
Appears in 2 contracts
Samples: Property Management Agreement (Broadstone Net Lease, Inc.), Property Management Agreement (Broadstone Net Lease Inc)
Banking Accommodations. The Manager shall establish and maintain a separate checking account in the Owner’s name and controlled by Manager subject to the provisions of this Management Agreement (the “Account”) for funds relating to the PropertiesProperty. All monies deposited from time to time in the Account shall be deemed to be trust funds and shall be and remain the property of the Owner and shall be withdrawn and disbursed by the Manager for the account of the Owner only as expressly permitted by this Management Agreement for the purposes of performing the obligations of the Manager hereunder. No monies collected by the Manager on the Owner’s behalf shall be commingled with funds of the Manager. The Account shall be maintained, and monies shall be deposited therein and withdrawn therefrom, in accordance with the following:
Appears in 1 contract
Samples: Limited Liability Company Agreement (Carter Validus Mission Critical REIT, Inc.)
