DISTRIBUTION TO OWNER. The Parties agree that the Agent shall make the following distributions to the Owner: (check one) ☐ - With each payment made by a tenant of the Property on a timely basis. ☐ - % of payments collected to be paid each ☐ week ☐ month with the full balance owed five (5) days before the end of each taxable quarter. ☐ - $ to be paid each ☐ week ☐ month with the full balance owed five (5) days before the end of each taxable quarter. ☐ - To be paid-in-full five (5) business days before the end of each taxable quarter. ☐ - Other. . Any unpaid amount from the Agent to the Owner shall be held by the Agent and designated for other fees, expenses, distributions, or other items related to the Property. Any such remaining amounts shall be distributed to the Owner upon the termination of this Agreement.
DISTRIBUTION TO OWNER. The Parties agree that the Agent shall make the following distributions to the Owner: (check one) ☐ - With each payment made by a tenant of the Property on a timely basis. ☐ - ____% of payments collected to be paid each ☐ week ☐ month with the full balance owed five (5) days before the end of each taxable quarter. ☐ - $______________ to be paid each ☐ week ☐ month with the full balance owed five (5) days before the end of each taxable quarter. ☐ - To be paid-in-full five (5) business days before the end of each taxable quarter. ☐ - Other. __________________________________________________________________. Any unpaid amount from the Agent to the Owner shall be held by the Agent and designated for other fees, expenses, distributions, or other items related to the Property. Any such remaining amounts shall be distributed to the Owner upon the termination of this Agreement.
DISTRIBUTION TO OWNER. The Parties agree that the Agent shall make the following distributions to the Owner: (check one) ☐ – With each payment made by a tenant of the Property on a timely basis. ☐ – [#]% of payments collected to be paid each ☐ week ☐ month with the full balance owed five (5) days before the end of each taxable quarter. ☐ – $[AMOUNT] to be paid each ☐ week ☐ month with the full balance owed five (5) days before the end of each taxable quarter. ☐ – To be paid in full five (5) business days before the end of each taxable quarter. ☐ – Other.
DISTRIBUTION TO OWNER. The Parties agree that the Agent shall make the following distributions to the Owner: (check one) ☐ – With each payment made by a tenant of the Property on a timely basis.
DISTRIBUTION TO OWNER. 11. The Parties agree that the Property Manager shall make the following distributions to the Owner with each payment made by a tenant of the Premises on a timely basis: Any unpaid amount from the Agent to the Owner shall be held by the Agent and designated for other fees, expenses, distributions, or other items related to the Property. Any such remaining amounts shall be distributed to the Owner upon the termination of this Agreement.
DISTRIBUTION TO OWNER. Consistent with Section 4.4 above, Operator shall remit all revenues in excess of the allowable Operator’s Fee and reimbursable expenses allowed pursuant to Section 4.2 periodically to Owner. The parties contemplate that Operator will bear the risk of loss associated with operation of the Golf Course Property. Therefore, notwithstanding anything to the contrary set forth in this Agreement, Operator represents, warrants and covenants that after all fees, costs, expenses and other payments, Owner shall receive a distribution from Operator of no less than [One Dollar ($1.00) OR GREATER AS BID] each fiscal year as a result of Golf Course operations (the “Guaranteed Annual Distribution”). Such Annual Distribution shall be remitted to Owner in four equal installments no later than the end of each calendar quarter and fully paid by December 31 of the subsequent fiscal year. Operator shall bear all risk of loss to the extent revenues are insufficient or excess expenses yield a net income insufficient to cover the Annual Distribution. For the avoidance of doubt, in addition to the Annual Distribution Operator shall promptly pay, transfer, and remit such additional consideration proposed in response to this RFP in such amounts, forms, and quantities as is set forth in its proposal.
DISTRIBUTION TO OWNER. P.O. Box 500380 Consistent with Section 4.4 above, Operator shall remit all revenues in excess of the allowable Operator’s Fee and reimbursable expenses allowed pursuant to Section 4.2 periodically to Owner. The parties contemplate that Operator will bear the risk of loss associated with operation of the Race Track, Swimming Pool, Golf Driving Range Property. Therefore, notwithstanding anything to the contrary set forth in this Agreement, Operator represents, warrants and covenants that after all fees, costs, expenses and other payments, Owner shall receive a distribution from Operator of no less than [One Dollar ($1.00) OR GREATER AS BID] each fiscal year as a result of Race Track, Swimming Pool, Golf Driving Range operations (the “Guaranteed Annual Distribution”). Such Annual Distribution shall be remitted to Owner in four equal installments no later than the end of each calendar quarter and fully paid by December 31 of the subsequent fiscal year. Operator shall bear all risk of loss to the extent revenues are insufficient or excess expenses yield a net income insufficient to cover the Annual Distribution. For the avoidance of doubt, in addition to the Annual Distribution Operator shall promptly pay, transfer, and remit such additional consideration proposed in response to this RFP in such amounts, forms, and quantities as is set forth in its proposal.
