Access to Account Sample Clauses

Access to Account. As authorized by signature cards, representatives of Property Manager shall have access to and may draw upon all funds in the accounts described in Sections 11.1 and 11.2 without the approval of Company. Additionally, representatives of Property Manager shall have access to and may draw upon any funds escrowed or held in reserve for capital expenditures, without the approval of the Company, provided that the requirements of Section 7.2 and any additional Lender requirements with respect to such amounts are satisfied. Company may not withdraw funds from such accounts without the Property Manager’s prior written consent, except (a) following the Property Manager’s default, and then after expiration of all applicable notice and cure periods or (b) the expiration or earlier termination of this Agreement.
AutoNDA by SimpleDocs
Access to Account. Owner will have access to any and all funds in the accounts described in Sections 2.1(a) and 2.1(b). Pinnacle's authority to draw against such accounts may be terminated at any time by Owner without notice to Pinnacle. No borrowing authority shall be permitted on any accounts established on behalf of Owner. All funds in such accounts shall be the exclusive Project of Owner. Only such personnel specifically designated by Pinnacle and approved by Owner shall have access to such accounts. All of Pinnacle's personnel who have access to such accounts shall be bonded and insured to the benefit of Owner against theft or fraud. No accounts maintained pursuant to this Agreement shall contain funds from any source other than the Project.
Access to Account. Owner shall not be responsible for, and Manager shall defend, indemnify and hold Owner harmless for, from and against, any loss, liability, cost or expense, or other consequences of any kind, resulting from Manager’s loss of Operating Account funds (or funds that should have been deposited in the Operating Account by Manager) or use of Operating Account funds other than for the benefit of Owner or the Property, except for losses due to bank failure or any action of Owner.
Access to Account. Owner will have access to any and all funds in the accounts described in SECTIONS 6.1 and 6.2. Manager's authority to draw against such accounts may be terminated at any time by Owner without notice to Manager. No borrowing authority shall be permitted on any accounts established on behalf of Owner. All funds in such accounts shall be the exclusive property of Owner. Only such personnel specifically designated by Manager and approved by Owner shall have access to such accounts. All of Manager's personnel who have access to such accounts shall be bonded and insured to the benefit of Owner against theft or fraud. No accounts maintained pursuant to this Agreement shall contain funds from any source other than the Property, and no such accounts shall be commingled with the funds of Manager or any other person.
Access to Account. As authorized by signature cards, representatives of Property Manager shall have access to and may draw upon all funds in the accounts described in Sections 6.1, 6.2 and 6.3 without the approval of the Tenants in Common. The Tenants in Common may not withdraw funds from such accounts without Property Manager's prior written consent.
Access to Account. As authorized by signature cards, representatives of the Property Manager shall have access to and may draw upon all funds in the accounts described in Sections 6.1 and 6.2 without the approval of the Tenants in Common. Additionally, representatives of the Property Manager shall have access to and may draw upon any funds escrowed or held in reserves for capital expenditures without the approval of the Tenants in Common, provided that the requirements of Section 2.9 and any additional Lender requirements with respect to such amounts are satisfied. The Tenants in Common may not withdraw funds from such accounts without the Property Manager's signature except following the Property Manager's default beyond any applicable notice and cure period or the termination of this Agreement.
Access to Account. Through the use of signature cards, and subject to any relevant requirement of local law, authorized representatives of Owner shall be permitted access to any and all funds in the Operating Account and any separate security deposit account at any time, and Owner’s Representative shall promptly advise Manager of any withdrawal of funds by Owner from such Operating Account or the security deposit account. Owner can terminate Manager’s authority to draw against such accounts at any time without notice to Manager.
AutoNDA by SimpleDocs
Access to Account. As authorized by signature cards, representatives of Owner shall have access to all funds in the bank accounts described in Sections 8.1 and 8.2.
Access to Account. Owner will have access to any and all funds in the accounts described in Section 6.01 and Section 6.02. No borrowing authority shall be permitted on any accounts established on behalf of Owner. All funds in such accounts shall be the exclusive property of Owner. No accounts maintained pursuant to this Agreement shall contain funds from any source other than the Property, and no such accounts shall be commingled with the funds of Manager or any other person.
Access to Account. Through the use of signature cards, authorized representatives of the Owner shall be permitted access to any and all funds in the bank accounts described in Section 7.1. Manager’s authority to draw against such accounts may be terminated at any time by Owner upon five (5) days’ notice to Manager. In the event of such a termination, Owner will assume full liability for all existing financial obligations for the Property which were incurred prior to said termination by the Manager pursuant to, and in accordance with, the terms of this Agreement.
Time is Money Join Law Insider Premium to draft better contracts faster.