FF&E Reserve. 11.1. If and to the extent directed by Owner, during each Fiscal Year there shall be allocated and paid on a monthly basis to the FF&E Reserve Account from Total Revenues or other funds provided by Owner an amount equal to a minimum of four percent (4%) of Total Revenues for such month.
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Samples: Hotel Management Agreement (Sunstone Hotel Investors, Inc.)
FF&E Reserve. 11.1. If and to the extent directed by Owner, during During each Fiscal Year there shall be allocated and paid on a monthly basis to the FF&E Reserve Account from Total Operating Revenues or other funds provided by Owner an amount equal to a minimum of four percent (4%) of Total Operating Revenues for such monthFiscal Year or such amount as may be required under the Major Agreements, whichever is greater.
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FF&E Reserve. 11.1. If and to the extent directed by Owner, during 11.1Establishing FF&E Reserve Account During each Fiscal Year there shall be allocated and paid on a monthly basis to the FF&E Reserve Account from Total Revenues or other funds provided by Owner an amount equal in accordance with the terms and amounts of the Owner’s lender or franchisor. The Owner may adjust the FF&E pursuant to a minimum requests of four percent (4%) of Total Revenues for such monththe Mortgage lender or Franchisor.
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Samples: Agreement of Purchase and Sale (Lodging Fund REIT III, Inc.)
FF&E Reserve. 11.1. If and to the extent directed by Owner, during During each Fiscal Year there shall be allocated to (and if so required under a Major Agreement, paid to) the FF&E Reserve Account on a monthly basis to the FF&E Reserve Account from Total Revenues or other funds provided by Owner an in such amount equal to a minimum of four percent (4%) of Total Revenues for such monthas may be required under the Major Agreements.
Appears in 1 contract
Samples: Hotel Management Agreement (American Realty Capital Hospitality Trust, Inc.)
