Common use of Financial Controls Clause in Contracts

Financial Controls. Manager will ensure such control over accounting and financial transactions as is reasonably required to protect Owner’s assets from theft, negligence or fraudulent activity on the part of Manager’s employees or other agents. Uninsured losses arising from theft, gross negligence or fraud of Manager, its employees or agents are to be borne by Manager in its individual capacity and not as an operating expense of the Property.

Financial Controls. Manager will shall use commercially reasonable efforts to ensure such control over accounting and financial transactions as is reasonably required to protect Owner’s 's assets from theft, negligence or fraudulent activity on the part of Manager’s 's employees or other agents. Uninsured losses arising from theft, gross negligence or fraud of Manager, its employees or agents are to shall not be borne by Manager in its individual capacity and not as an operating expense of the Property.

Financial Controls. Manager will ensure such control over accounting and financial transactions as is reasonably required to protect OwnerCity’s assets from theft, gross negligence or fraudulent activity on the part of Manager’s employees or other agents. Uninsured losses arising from theft, gross negligence or fraud of Manager, its employees or agents are to be borne by Manager in its individual capacity and not as an operating expense of the PropertyStadium.