Owners’ Remittance definition
Owners’ Remittance means, with respect to any month, the amount to be distributed to “Owner” pursuant to Section 7.02 of the Management Agreements for such month.
Examples of Owners’ Remittance in a sentence
In addition during a Cash Sweep Condition caused by an Event of Default, Borrower Parties shall cause Manager to deposit the Owners’ Remittance into the Cash Collateral Account (in lieu of paying such amount to Borrower Parties).