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Common use of Final Remittance Clause in Contracts

Final Remittance. Upon expiration or termination of this Agreement, subject to the other terms and provisions of this Agreement, all remaining amounts in the Reserve shall be remitted forthwith to Owner.

Appears in 5 contracts

Sources: Hotel Management Agreement (Procaccianti Hotel Reit, Inc.), Hotel Management Agreement (Procaccianti Hotel Reit, Inc.), Management Agreement (Procaccianti Hotel Reit, Inc.)

Related Clauses

  • Remittance
  • Remittance Date
  • Remittance Reports; P&I Advances
  • Remittance Reports
  • Remittance Reports; Advances

Parent Clauses

  • Working Capital and Bank Accounts Distributions
  • Reserve
  • Working Capital and Bank Accounts Distribution of Net Operating Income
  • Working Capital and Bank Accounts
  • Working Capital and Bank Accounts Distribution of Ebitda
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