Common use of Capital Replacements Clause in Contracts

Capital Replacements. A. An independent and segregated replacement reserve account will be created in the name of Owner (the "Capital Replacement Reserve Account"). The Capital Replacement Reserve Account will be funded by transferring on the tenth (10th) of each month a sum equal to the percentage identified on Schedule I of the Gross Revenue of the preceding month. HOTEL/MOTEL MANAGEMENT AGREEMENT - Page 2 --------------------------------

Capital Replacements. A. An independent and segregated replacement reserve account will be created in the name of Owner (the "Capital Replacement Reserve Account"'). The Capital Replacement Reserve Account will be funded by transferring on the tenth (10th) of each month a sum equal to the percentage identified on Schedule I of the Gross Revenue of the preceding month. HOTEL/MOTEL MANAGEMENT AGREEMENT - Page 2 --------------------------------.

Capital Replacements. A. An independent and segregated replacement reserve account will be created in the name of Owner (the "Capital Replacement Reserve Account"). The Capital Replacement Reserve Account will be funded by transferring on the tenth (10th) of each month a sum equal to the percentage identified on Schedule I of the Gross Revenue of the preceding month. HOTEL/MOTEL MANAGEMENT AGREEMENT - Page 2 --------------------------------.

Capital Replacements. A. An independent and segregated replacement reserve account will be created in the name of Owner (the "Capital Replacement Reserve Account."). ) The Capital Replacement Reserve Account will be funded by transferring on the tenth (10th) of each month a sum equal to the percentage identified on Schedule I of the Gross Revenue of the preceding month. HOTEL/MOTEL MANAGEMENT AGREEMENT - Page 2 --------------------------------All funds will be held in an interest bearing account.