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 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.

Appears in 2 contracts

Samples: Management Agreement (NNN 2002 Value Fund LLC), Management Agreement (NNN 2002 Value Fund LLC)

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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 consentCompany.

Appears in 1 contract

Samples: Management Agreement (Grubb & Ellis Healthcare REIT, Inc.)

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, except following the Property Manager's default after expiration of any applicable notice and cure periods or the termination of this Agreement.

Appears in 1 contract

Samples: Management Agreement (NNN 2003 Value Fund LLC)

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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, 6.1 and 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 the Property Manager's prior written consent’s signature except following the Property Manager’s default beyond any applicable notice and cure period or the termination of this Agreement.

Appears in 1 contract

Samples: Property Management Agreement

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