Collection of Rents and Other Income. Unless otherwise required by any Loan Documents, Property Manager shall xxxx all Tenants for, when appropriate, and shall use commercially reasonable efforts to collect, all rent and other charges due and payable from all Tenants. Property Manager shall have the authority to use all commercially reasonable methods to collect such rent and other charges due, including, without limitation, pursuing litigation against any Tenant. Property Manager shall deposit all monies so collected in the Operating Account.
Collection of Rents and Other Income. Manager shall regularly xxxx all tenants and use its best efforts to collect all rent and other charges due and payable from all tenants or from others for services provided in connection with the Property. Manager is authorized on behalf of Owner to initiate legal action for the collection of all amounts due Owner under tenant leases and enforcements of the terms of said leases. Manager shall deposit promptly all monies so collected in the Operating Account.
Collection of Rents and Other Income. Subject to SECTION 2.13(b), Manager will use diligent efforts to collect all rents and other charges which may become due at any time from any tenant or from others in connection with or for the use of the Property and will use its best efforts to ensure tenants' compliance with their respective leases. Manager will collect and identify any income from miscellaneous services provided to tenants or the public from parking income, furniture rental, cleaning services, tenant storage and coin-operated machines of all types. All rents and other monies collected will be deposited in the Operating Account. Manager will not write off any income items without Owner's prior approval.
Collection of Rents and Other Income. The Property Manager shall xxxx all tenants and shall use its commercially reasonable efforts to collect all rent and other charges due and payable from any tenant or from others for services provided in connection with the Project. The Property Manager shall deposit all monies so collected in the Operating Account (as defined in Section 6.1). The Property Manager shall allocate all income, revenue and expense from the Project to the Tenants in Common as set forth in the Tenants in Common Agreement.
Collection of Rents and Other Income. Manager will use commercially reasonable efforts to collect all rents and other charges which may become due at any time from any tenant or from others in connection with or for the use of the Property and will use diligent efforts to ensure tenants’ compliance with their respective leases. Manager will collect and identify any income from miscellaneous services provided to tenants or the public from parking income, furniture rental, cleaning services, tenant storage and coin-operated machines of all types. Subject to the terms of any outstanding loan documents, all rents and other monies collected will be deposited in the Operating Account.
Collection of Rents and Other Income. Manager shall deposit into Manager’s trust account (“Property Account”) all rents, security deposits, income and any other monies payable to Owner under this Agreement (“Property Funds”) where such Property Funds are received by Manager.
Collection of Rents and Other Income. (a) Manager, at Owner's expense, shall bixx xll tenants and shall take all other proper and necessary action to enforce the terms of all leases and to collect all rent and other charges due from or payable by tenants or other users of the Property. Owner authorizes Manager to request, receive and receipt for all such rent and other charges, and subject in each instance to the prior approval of Owner, to settle or compromise the payment of such amounts.
Collection of Rents and Other Income. Broker shall use his best efforts to collect all rents and other charges that may become due at any time from Tenant. All monies so collected shall be transmitted to Owner with detail, net any fees or expenses as provided for herein. At the discretion of Broker, any lease may be terminated or legal suit instituted for rent or for use and occupancy or for recovery or possession of the Property. In connection with such suits or proceedings, Broker may retain legal counsel as necessary and appropriate. Broker shall use his best judgment in retaining such legal counsel. All legal expenses including, but not necessarily limited to, attorney’s fees, court costs and process service, incurred in bringing such suits or proceedings shall be at the expense of Owner.
Collection of Rents and Other Income. Manager shall cause all tenants to be billed and all rents and other charges to be collected (including security deposits, escalation xxxxxxxx resulting from increases in expenses or taxes or pursuant to any other rent escalation provision) and other charges which may become due at any time from any tenant or from others for services or materials provided in connection with or for the use of the Property or any portion thereof. Manager shall not terminate any lease, lock out a tenant, institute suit for rent or for use and occupancy, or proceedings for recovery or possession, without the prior approval of Owner. In connection with such suits or proceedings only legal counsel designated by Owner shall be retained. Manager shall not write off any income items without the prior approval of Owner. Property Management Agreement
Collection of Rents and Other Income. Manager shall cause Property Manager to use diligent efforts to collect, on behalf of and for the account of Operating Partnership, all rent, utility or maintenance charges or other sums payable by tenants under Leases (as defined in Section 2.5 below) and all other sums due to Operating Partnership pursuant to agreements related to the Properties. Manager may direct Property Manager to deposit promptly all amounts so collected by Property Manager in one or more separate bank accounts bearing Manager’s name and federal tax identification number. In addition, Manager may establish one or more checking accounts bearing Manager’s name and federal tax identification number (collectively and individually, the “Operating Account”) into which Operating Partnership may deposit funds in amounts necessary to pay all the Properties’ expenses required to be paid by Operating Partnership pursuant to the Property Management Agreement. The Operating Account shall be used exclusively for the deposit of the amounts so deposited by Operating Partnership and no funds of Manager shall be commingled therewith. Manager shall be entitled to designate one or more of the employees or other representatives of Property Manager as authorized signatories for withdrawals from the Operating Account, and Property Manager shall be entitled to make withdrawals from and expend the funds maintained in the Operating Account in accordance with the terms of the Property Management Agreement, without countersignature by Operating Partnership. Promptly upon obtaining knowledge thereof, Manager shall notify Operating Partnership of any deficiency in the Operating Account for the payment of current obligations in accordance with the terms of the Property Management Agreement, and Operating Partnership shall promptly fund the Operating Account with sufficient sums to cover such deficiency. Manager shall not be obligated to make any advance to or for the Operating Account, nor shall Manager be obligated to incur any liability or obligation for the account of Operating Partnership, without assurance that that necessary funds for the discharge thereof have been provided.
