Common use of Approval of Owner Clause in Contracts

Approval of Owner. Anything herein to the contrary notwithstanding, the following decisions and actions of Manager shall be subject to the prior approval of Owner: Determination of the amount and type of insurance coverage and the company issuing the same; Independent certified accountants; Settlements with insurance companies or condemning authorities involving amounts in excess of $5,000 and the granting of any easements.

Appears in 12 contracts

Samples: Asset Management Agreement (Resource Real Estate Investors 7, L.P.), Asset Management Agreement (Resource Real Estate Investors 7, L.P.), Asset Management Agreement (Resource Real Estate Investors 7, L.P.)

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Approval of Owner. Anything herein to the contrary notwithstanding, the following decisions and actions of Manager shall be subject to the prior approval of Owner: Determination determination of the amount and type of insurance coverage and the company issuing the same; Independent independent certified accountants; Settlements settlements with insurance companies or condemning authorities involving amounts in excess of $5,000 and the granting of any easements.

Appears in 2 contracts

Samples: Asset Management Agreement (Resource Real Estate Investors 6 LP), Asset Management Agreement (Resource Real Estate Investors 6 LP)

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