Initial Deposit and Contingency Reserve. Immediately upon commencement of this Agreement, Owner shall remit to Agent the sum of $ to be deposited in the Operating (and/or) Reserve Account(s) as an initial deposit representing the estimated disbursements to be made in the first month following the commencement of this Agreement, plus an additional sum of $ as a contingency reserve. Owner agrees to maintain the contingency reserve stated above at all times in Operating (and/or) Reserve Account(s) to enable Agent to pay the obligations of Owner under this Agreement as they become due. Owner and Agent shall review the amount of the contingency reserve from time to time and shall agree in writing on a new contingency reserve amount when such is required.
Initial Deposit and Contingency Reserve. Promptly upon commencement of this Agreement, Owner shall remit to Manager the sum of One Thousand Dollars ($1,000) to be deposited in the Depository Account as an initial deposit representing the estimated disbursements to be made in the first month following the commencement of this Agreement.
Initial Deposit and Contingency Reserve. Upon execution of this contract, Owner will deliver to Manager the sum of $500.00 per property as a contingency reserve. Owner agrees to maintain the reserve at all times in the Trust Account to enable Manager to pay the obligations of Owner under this Agreement. Manager is authorized to temporarily increase the reserve in preparation for anticipated costs relating to repairs, periodic expenses or tenancy turns. Owner and Manager shall review the amount of the reserve amount when such consideration is required; and
Initial Deposit and Contingency Reserve. Immediately upon commencement of this Agreement, the Landlord shall remit to the Agent the sum of $ to be deposited in the Operating and/or Reserve Escrow Account(s) as an initial deposit representing the estimated disbursements to be made in the first month following the commencement of this Agreement
Initial Deposit and Contingency Reserve. Immediately upon the Effective Date, Owner shall remit to Agent the sum of $10,000 to be deposited in the Operating Account as the “Initial Deposit”. Owner shall maintain the Initial Deposit balance in the Operating Account at all times during this Agreement. Agent shall refund the Initial Deposit to Owner within 60 days after termination of the Agreement as provided in Sections 21 or 27 herein upon satisfying any obligation of Owner not previously satisfied via available funds in the Operating Account.
Initial Deposit and Contingency Reserve. Immediately upon commencement of this Agreement, Owner shall remit to Manager the sum of $300.00 to be deposited in the Operating Account as a contingency reserve. Owner agrees to maintain the contingency reserve stated above at all times, and authorizes Manager to pay obligations of Owner from this reserve, as necessary. ( ) ( ) please initial indicating you understand and agree to section 2
Initial Deposit and Contingency Reserve. Immediately upon commencement of this Agreement, Owner shall remit to Agent the sum of $[ACCOUNT MINIMUM] to be deposited in the Operating (and/or) Reserve Account(s) as an initial deposit representing the estimated disbursements to be made in the first month following the commencement of this Agreement, plus an additional sum of $[ADDITIONAL DEPOSIT] as a contingency reserve. Owner agrees to maintain the contingency reserve stated above at all times in Operating (and/or) Reserve Account(s) to enable Agent to pay the obligations of Owner under this Agreement as they become due. Owner and Agent shall review the amount of the contingency reserve from time to time and shall agree in writing on a new contingency reserve amount when such is required. Security Deposit Account. Agent shall, if required by law, maintain a separate interest-bearing account for tenant security deposits and advance rentals. Such account shall be maintained in accordance with applicable state or local laws, if any. Fidelity Bond. Agent shall cause all personnel who handle or are responsible for the safekeeping of any monies of Owner to be covered by a fidelity bond in the amount of $[BOND AMOUNT] with a company determined by Agent. Such bond shall be secured at Agent’s expense. If a fidelity bond cannot be obtained, an arrest and conviction bond shall be obtained at Agent’s expense. Owner shall save Agent harmless from any loss or damages caused by such personnel if no bond can be obtained.
Initial Deposit and Contingency Reserve. Owner agrees to maintain a mutually acceptable “Contingency Reserve” at all times in the Operating Account to enable Manager to pay the obligations of Owner under this Agreement as they become due. Owner and Manager shall review and adjust the amount of the contingency reserve as circumstances warrant.
Initial Deposit and Contingency Reserve. Within the first two weeks of the commencement of this Agreement, Owner shall see that the Agent is remitted the sum of $25,000 to be deposited in the Operating (and/or) Reserve Account(s) as an initial deposit representing the estimated disbursements to be made in the first month following the commencement of this Agreement, plus an additional sum of $1,000 as a contingency reserve. If this contingency reserve is drawn down, then they shall be replenished from operations as soon as economically feasible. Owner and Agent shall review the amount of the contingency reserve from time to time and shall agree in writing on a new contingency reserve amount when such is required.
Initial Deposit and Contingency Reserve. Owner agrees to maintain a contingency reserve of $500.00 at all times in the Trust Account to enable Agent to pay the obligations of Owner under this Agreement. Owner and Agent shall review the amount of the contingency reserve amount when such is required.
