Common use of Deposits and Disbursements Clause in Contracts

Deposits and Disbursements. The Manager shall cause the establishment of bank accounts in the name of the Owner and shall establish and be responsible for administrating a policy for specifying the identity of signatories to such bank accounts. The Manager shall deposit or cause to be deposited in the Owner's bank accounts all receipts and monies arising from the operations of the Hotel or otherwise received for and on behalf of the Owner. The Manager shall be responsible for the disbursement of the Owner's funds in payment of all expenses incurred in connection with the operations of the Hotel.

Deposits and Disbursements. The Manager shall cause the establishment of bank accounts in the name of the Owner and shall establish and be responsible for administrating a policy for specifying the identity of signatories to such bank accounts. The Manager shall deposit or cause to be deposited in the Owner's bank accounts all receipts and monies arising from the operations of the Hotel Hotels or otherwise received for and on behalf of the Owner. The Manager shall be responsible for the disbursement of the Owner's funds in payment of all expenses incurred in connection with the operations of the HotelHotels.

Deposits and Disbursements. The Manager shall cause the establishment of bank accounts in the name of the Owner and shall establish and be responsible for administrating a policy for specifying the identity of signatories to such bank accounts. The Manager shall deposit or cause to be deposited in the Owner's bank accounts all receipts and monies arising from the operations of the Hotel Hotels or otherwise received for and an on behalf of the Owner. The Manager shall be responsible for the disbursement of the Owner's funds in payment of all expenses incurred in connection with the operations of the HotelHotels.