Remittances to Owner. On or before the fifteenth (15th) day of each calendar month of each Operating Year, subject to the requirements of any Mortgage or other applicable loan documents (with Owner to provide copies, of any such Mortgage or other applicable loan documents to Manager), Manager shall remit to Owner all sums in the Operating Accounts in excess of the then working capital requirements of the Project determined in accordance with Section 3.3 of this Agreement.
Remittances to Owner. From time to time, and at least monthly, Manager will remit all sums in the Operating Account in excess of the amount required for Working Capital to Owner.
Remittances to Owner. On each distribution Date, the Servicer shall remit to the Owner an amount equal to (i) all amounts credited to the Collection Account as of the close of business on the preceding Determination Date, net of charges against or withdrawals from the Collection Account pursuant to Section 2.03(b), other than Principal Prepayments received after the end of the preceding calendar month, minus (ii) any amounts attributable to Monthly Payments collected after the related Transfer Date but due on a Due Date or Dates subsequent to the last day of the related Due Period, which amounts shall be remitted on the related Distribution Date next succeeding the Due Period for such amounts, and minus (iii) any amounts to maintain the Servicing Advance Balance. Amounts payable to Owner shall be paid by ACH in next day funds to an account designated by Owner.
Remittances to Owner. On or before the fifteenth (15th) ----------- -------------------- day of each calendar month of each Operating Year, Manager shall remit to Owner all sums in the Operating Accounts in excess of the then working capital requirements of the Project determined in accordance with Section 3.2 of this ----------- Agreement.
Remittances to Owner. On or before the twentieth (20th) day of each calendar month of each Fiscal Year, Manager shall remit to Owner all sums in the Operating Accounts in excess of the then working capital requirements of the Hotel, as approved by Owner.
Remittances to Owner. Concurrently with delivery of the monthly Profit and Loss statement, Manager will remit to Owner an amount (“Owner’s Remittance Amount”) equal to any positive balance in the Hotel Operating Accounts that is attributable to the Hotels in excess of the amounts required to (i) pay all operating expenses, and reimbursements of expenses then due under this Agreement, and (ii) all advances made by Manager for Owner. Notwithstanding the foregoing, prior to payment of Owner’s Remittance Amount to Owner, Manager, at Owner’s request, shall pay on behalf of Owner, from the Hotel Operating Accounts, (i) any fixed charges, including real estate taxes and insurance premiums, and (ii) interest and debt service payments. All such remaining amounts due Owner will be transferred to Owner’s Account.
Remittances to Owner. Subject to the provisions of this Section 3.01, on each Servicer Remittance Date, the Servicer shall remit to the Owner all amounts on deposit in the Collection Account received during the preceding Collection Period (net of charges against or withdrawals from the Collection Account pursuant to Section 2.11(i) through (iv) and (viii)) (the "Available Amount").
Remittances to Owner. (d) On each Remittance Date and on such other Business Day as Owner requests at least one (1) Business Day in advance thereof, Servicer shall cause to be distributed to Owner all amounts on deposit in the Custodial Account as of the close of business on the preceding Determination Date (net of charges against or withdrawals from the Custodial Account pursuant to Section 3(d) of Exhibit F). All remittances made to Owner shall be made by wire transfer of immediately available funds to the account designated by Owner at a bank or other entity having appropriate facilities therefor identified by Owner to Servicer or by check mailed to the address of Owner.
Remittances to Owner. Contemporaneously with furnishing the monthly statement for each calendar month pursuant to Section 7.4 hereof, Hyatt shall remit to Owner out of the operating accounts an amount (the “Owner’s Remittance Amount”) by which the total funds then in the operating accounts exceed the amount then reasonably required to be maintained in the operating accounts in order to carry on the operation of the Hotel pursuant to a first-class standard and so that Hyatt may perform its obligations hereunder. Each remittance shall be paid to Owner at Owner’s address then in effect hereunder for receipt of notices hereunder by Owner, or at such other place as Owner may, from time to time, designate in a notice to Hyatt.
Remittances to Owner. Subject to the provisions of this Section 3.01, the Servicer shall cause to be remitted nightly from the applicable Lock-box to the Owner all amounts collected by the Servicer pursuant to the Mortgage Notes as follows:
