FF&E Reserve. A. Manager shall establish a book reserve account (the "FF&E Reserve") that will reflect additions (plus accrued interest based upon rates earned by other operating accounts maintained by the Resort) each Calendar Quarter, to cover the cost of: 1. replacements, renewals and additions to the FF&E at the Resort; and
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Sources: Management Agreement (Crescent Operating Inc), Management Agreement (Crescent Operating Inc)
FF&E Reserve. A. Beginning November 1, 2000, Manager shall establish a book reserve account (the "FF&E Reserve") that will reflect additions (plus accrued interest based upon rates earned by other operating accounts maintained by the ResortGolf Club) each Calendar Quarter, to cover the cost of:
1. replacements, renewals and additions to the FF&E at the ResortGolf Club; and
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