Accounts, Expenditures. A. All funds derived from operation of the Inn shall be deposited by Manager in bank accounts (the "Operating Accounts") established by Manager in a bank or banks designated by Manager. Withdrawals from said Operating Accounts shall be made solely by representatives of Manager whose signatures have been authorized. Reasonable xxxxx cash funds shall be maintained at the Inn.
Appears in 5 contracts
Samples: Management Agreement (Apple Hospitality Five Inc), Management Agreement (Apple Hospitality Five Inc), Management Agreement (Apple Hospitality Five Inc)
Accounts, Expenditures. A. All funds derived from operation of the Inn Inns shall be deposited by Manager in a bank accounts (the "Operating Accounts") established by Manager account in a bank or banks designated by Manager. Withdrawals from said Operating Accounts accounts shall be made solely only by representatives of Manager whose signatures have been authorized. Reasonable xxxxx cash funds shall be maintained at the each Inn.
Appears in 2 contracts
Samples: Management Agreement (Apple Hospitality Two Inc), Management Agreement (Marriott Residence Inn Ii Limited Partnership)
Accounts, Expenditures. A. All funds derived from operation of the Inn Inns shall be deposited by Manager Management Company, in accordance with Management Company's cash management procedures, in bank accounts (the "Operating Accounts"account(s) established by Manager in a bank or banks financial institution(s) designated by ManagerManagement Company. Withdrawals from said Operating Accounts account(s) shall be made solely by representatives of Manager Management Company whose signatures have been authorized. Reasonable xxxxx cash funds shall be maintained at the each Inn.
Appears in 2 contracts
Samples: Management Agreement (Fairfield Inn by Marriott LTD Partnership), Management Agreement (Fairfield Inn by Marriott LTD Partnership)
Accounts, Expenditures. A. All funds derived from operation of the Inn Inns shall be deposited by Manager in a bank account or accounts (the "Operating Accounts") established by Manager in a bank or banks designated by Manager. Withdrawals from said Operating Accounts accounts shall be made solely by representatives of Manager whose signatures have been authorizedauthorized by Manager. Reasonable xxxxx cash funds shall be maintained at the each Inn.
Appears in 1 contract
Accounts, Expenditures. A. All funds derived from operation of the Inn Inns shall be deposited by Manager in a bank accounts (the "Operating Accounts") established by Manager account in a bank or banks designated by Manager. Withdrawals from said Operating Accounts accounts shall be made solely by representatives of Manager whose signatures have been authorized. Reasonable xxxxx cash funds shall be maintained at the each Inn.
Appears in 1 contract
