Common use of OWNER'S ADVANCES Clause in Contracts

OWNER'S ADVANCES. Promptly after receipt of the Manager's estimate under Section A of this Article or upon request by Manager, Owner may advance or cause to be advanced to the Owner's Account such funds as are necessary to pay Operating Expenses as they become due. Manager's obligation to pay the obligations of the Property and Owner under this Agreement is conditioned upon the availability of sufficient funds (from a Person other than Manager) to perform such obligation, and, Manager shall not be deemed in default of any provision of this Agreement for its failure to pay or discharge any Operating Expenses or other Property expenses to the extent the balance of the Owner's Account is insufficient to pay the same.

OWNER'S ADVANCES. Promptly after receipt of the Manager's estimate under Section A of this Article or upon request by Manager, Owner may advance or cause to be advanced to the Owner's Account such funds as are necessary to pay Operating Expenses as they become due. Manager's obligation to pay the obligations of the Property and Owner under this Agreement is conditioned upon the availability of sufficient funds (from a Person other than Manager) to perform such obligation, and, Manager shall not be deemed in default of any provision of this Agreement for its failure to pay or discharge any Operating Expenses or other Property expenses to the extent the balance of the Owner's Account is insufficient to pay the same.. C.