Common use of Collection of Rents and Other Receipts Clause in Contracts

Collection of Rents and Other Receipts. 3.1 AGENT'S AUTHORITY Agent shall collect (and give receipts for, if necessary) all rents, charges and other amounts receivable on Owner's account in connection with the management and operation of the Premises. Such receipts (except tenants' security deposits and advance rentals, which shall be handled as specified in paragraphs 2.2 and 3.3 hereof; and special charges, which shall be handled as specified in paragraph 3.2 hereof) shall be deposited in the Operating (and/or) Reserve Account(s) maintained by Agent for the Premises.

Appears in 4 contracts

Samples: Management Agreement (Historic Preservation Properties 1990 Lp Tax Credit Fund), Management Agreement (Historic Preservation Properties 1989 Limited Partnership), Management Agreement (Historic Preservation Properties 1990 Lp Tax Credit Fund)

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Collection of Rents and Other Receipts. 3.1 AGENT'S AUTHORITY Agent shall collect (and give receipts for, if necessary) all rents, charges, special charges and other amounts receivable on Owner's account in connection with the management and operation of the Premises. Such receipts (except tenants' security deposits and advance rentalsdeposits, which shall be handled as specified in paragraphs 2.2 and 3.3 hereof; and special charges, which shall be handled as specified in paragraph 3.2 hereof) shall be deposited in the Operating (and/or) and Reserve Account(s) Account maintained by Agent for the Premises.

Appears in 2 contracts

Samples: Management Agreement (NHP Inc), Management Agreement (NHP Inc)

Collection of Rents and Other Receipts. 3.1 AGENT'S AUTHORITY 3.1. A gent’s Authority. Agent shall collect (and give receipts for, if necessary) all rents, charges and other amounts receivable on Owner's ’s account in connection with the management and operation of the Premises. Such receipts (except tenants' tenant’s security deposits and advance rentals, which shall be handled as specified specified in paragraphs 2.2 and 3.3 hereof; and special charges, which shall be handled as specified specified in paragraph paragraphs 3.2 hereof) shall be deposited in the Operating (and/or) Reserve Account(s) maintained by Agent for the Premises.

Appears in 1 contract

Samples: Property Management Agreement

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Collection of Rents and Other Receipts. 3.1 AGENT'S AUTHORITY Agent shall collect (and give receipts for, if necessary) all room income, rents, charges and other amounts receivable on Owner's account in connection with the management and operation of the Premises. Such receipts (except tenantstenants'/guests' security deposits and advance rentals, which shall be handled as specified in paragraphs paragraph 2.2 and 3.3 hereof; and special charges, which shall be handled as specified in paragraph 3.2 hereof) shall be deposited in the Operating (and/or) Reserve Account(s) maintained by Agent for the Premises.

Appears in 1 contract

Samples: Management Agreement (Historic Preservation Properties 1990 Lp Tax Credit Fund)

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