Collection of Rents and Other Receipts. Manager shall collect, when due, all rents, charges and other amounts receivable on Owner’s account in connection with the management and operation of the Project and place such funds in the Project operating account (the “Operating Account”) for disbursement in accordance with Section 3.08. Manager shall also collect security deposits and place the same in a separate Project account (the "Security Deposit Account"). Funds in the Security Deposit Account shall be retained and disbursed in accordance with Section 3.08.
Appears in 5 contracts
Samples: Management and Supportive Services Agreement, Management and Supportive Services Agreement, Management and Supportive Services Agreement
