Common use of Cash Flow Clause in Contracts

Cash Flow. Owner acknowledges that the budget prepared by Manager, pursuant to paragraph 3(k), will contain a category labeled "Cash Flow." Owner agrees, in the event that the budgeted cash flow for the Property is "negative" in any month covered by the budget, to place sufficient funds in a bank account, or to permit Manager to transfer Owner's funds to such account, to make up the budgeted operating deficit. These funds must be placed in such account at least forty-five (45) days before the budgeted deficit is to occur.

Appears in 31 contracts

Samples: Property Management Agreement (Apple Residential Income Trust Inc), Property Management Agreement (Apple Residential Income Trust Inc), Property Management Agreement (Apple Residential Income Trust Inc)

AutoNDA by SimpleDocs

Cash Flow. Owner acknowledges that the budget of expenses prepared by Manager, pursuant to paragraph 3(k), will shall contain a category labeled "Cash Flow." Owner agrees, in the event that the budgeted cash flow for the Property Properties is "negative" negative in any month covered by the budget, to place sufficient funds in a bank account, or to permit Manager to transfer Owner's funds to such account, to make up correct the budgeted operating deficit. These Such funds must shall be placed in such account at least forty-five (45) calendar days before the budgeted deficit is to occur.

Appears in 7 contracts

Samples: Property Management Agreement (Cornerstone Realty Income Trust Inc), Property Management Agreement (Cornerstone Realty Income Trust Inc), Property Management Agreement (Cornerstone Realty Income Trust Inc)

Cash Flow. Owner acknowledges that the budget of expenses prepared by --------- Manager, pursuant to paragraph 3(k), will shall contain a category labeled "Cash Flow." Owner agrees, in the event that the budgeted cash flow for the Property is "negative" negative in any month covered by the budget, to place sufficient funds in a bank account, or to permit Manager to transfer Owner's funds to such account, to make up correct the budgeted operating deficit. These Such funds must shall be placed in such account at least forty-five (45) calendar days before the budgeted deficit is to occur.

Appears in 2 contracts

Samples: Property Management Agreement (Cornerstone Realty Income Trust Inc), Property Management Agreement (Cornerstone Realty Income Trust Inc)

Cash Flow. Owner acknowledges that the budget of expenses prepared by --------- Manager, pursuant to paragraph 3(k), will shall contain a category labeled "Cash Flow." Owner agrees, in the event that the budgeted cash flow for the Property Properties is "negative" negative in any month covered by the budget, to place sufficient funds in a bank account, or to permit Manager to transfer Owner's funds to such account, to make up correct the budgeted operating deficit. These Such funds must shall be placed in such account at least forty-five (45) calendar days before the budgeted deficit is to occur.

Appears in 1 contract

Samples: Property Management Agreement (Cornerstone Realty Income Trust Inc)

AutoNDA by SimpleDocs

Cash Flow. Owner acknowledges that the budget prepared by Manager, pursuant to paragraph 3(k), will contain a category labeled "Cash Flow." Owner agrees, in the event that the budgeted cash flow for the Property is "negative" in any month covered by the budget, to place sufficient funds in a bank account, or to permit Manager to transfer Owner's funds to such account, to make up the budgeted operating deficit. These funds must be placed in such account at least forty-five (45) days before the budgeted deficit is to occur.

Appears in 1 contract

Samples: Management Agreement (Apple Residential Income Trust Inc)

Cash Flow. Owner acknowledges that the budget of expenses prepared --------- by Manager, pursuant to paragraph 3(k), will shall contain a category labeled "Cash Flow." Owner agrees, in the event that the budgeted cash flow for the Property Properties is "negative" negative in any month covered by the budget, to place sufficient funds in a bank account, or to permit Manager to transfer Owner's funds to such account, to make up correct the budgeted operating deficit. These Such funds must shall be placed in such account at least forty-five (45) calendar days before the budgeted deficit is to occur.

Appears in 1 contract

Samples: Property Management Agreement (Cornerstone Realty Income Trust Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.