Operating Profit. A. Operating Profit, to the extent available, shall be distributed to Owner and to Manager in the following order of priority, except as otherwise provided in this Agreement:
Appears in 20 contracts
Samples: Management Agreement (Apple REIT Ten, Inc.), Management Agreement (Apple REIT Ten, Inc.), Management Agreement (Apple REIT Ten, Inc.)
Operating Profit. A. Operating Profit, to the extent available, shall be distributed to Owner and to Manager in the following order of priority, except as otherwise provided in this Agreement:
Appears in 7 contracts
Samples: Management Agreement (Apple Reit Six Inc), Management Agreement (Apple Reit Six Inc), Management Agreement (Apple Hospitality Five Inc)
Operating Profit. A. Operating Profit, to the extent available, Profit shall be distributed to Owner and to Manager in the following order of priority, except as otherwise provided in this Agreement:
Appears in 4 contracts
Samples: Management Agreement (Apple Reit Six Inc), Management Agreement (Crescent Operating Inc), Management Agreement (Crescent Operating Inc)
Operating Profit. A. Operating Profit, to the extent availableif any, shall be distributed to Owner and to Manager in the following order of priority, except as otherwise provided in this Agreement:priority listed below.
Appears in 1 contract
Operating Profit. A. Operating Profit, to the extent availableif any, shall be distributed to Owner and to Manager in the following order of priority, except as otherwise provided in this Agreement:
Appears in 1 contract
