Common use of Access to Account Clause in Contracts

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.

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 6.1, 6.2 and 11.2 6.3 without the approval of Companythe Tenants in Common. Additionally, representatives of the Property Manager shall have access to and may draw upon any funds escrowed or held in reserve for capital expenditures, expenditures without the approval of the CompanyTenants in Common, provided that the requirements of Section 7.2 2.9 and any additional Lender requirements with respect to such amounts are satisfied. Company The Tenants in Common may not withdraw funds from such accounts without the Property Manager’s 's prior written consent, except (a) following the Property Manager’s default, and then default after expiration of all any applicable notice and cure periods or (b) the expiration or earlier termination of this Agreement.