Annual Adjustment. At the end of each Fiscal Year and following receipt by Manager of the annual accounting referred to in Article 10, an adjustment will be made to such annual account, if necessary and if available, so that the appropriate amount shall have been deposited in the Reserve.
Appears in 6 contracts
Samples: Hotel Management Agreement (Procaccianti Hotel Reit, Inc.), Hotel Management Agreement (Procaccianti Hotel Reit, Inc.), Management Agreement (Procaccianti Hotel Reit, Inc.)
Annual Adjustment. At the end of each Fiscal Year and following receipt by Manager Operator of the annual accounting statement referred to in Article 10ARTICLE 12, an adjustment will be made to such annual account, if necessary and if available, so that the appropriate amount shall have been deposited in the Reserve.
Appears in 2 contracts
Samples: Share Exchange Implementation Agreement, Share Exchange Implementation Agreement (Playa Hotels & Resorts N.V.)
Annual Adjustment. At the end of each Fiscal Year and following receipt by Manager receiptby Operator of the annual accounting referred to in Article 10, an adjustment will be made to such annual account, if necessary and if available, so that the appropriate amount shall have been deposited in the Reserve.
Appears in 2 contracts
Samples: Management Agreement (Portsmouth Square Inc), Management Agreement (Intergroup Corp)
