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

Collection of Rents and Other Receipts. The Agent will collect, when due, all rents, charges and other amounts receivable for the Owner's account in connection with the management and operation of the Shopping Center. Such receipts will be deposited in an account, separate from all other accounts and funds, with a bank whose deposits are insured by the Federal Deposit Insurance Corporation. This account will be carried in the Owner's name and designated of record as "CORAL PLAZA SHOPPING CENTER" (the "Shopping Center Rental Center Account"). Subject to compliance with Section 11 hereof, the Agent is, however, hereby authorized to make deposits to and withdrawals from the Shopping Center Rental Account as agent for the Owner.

Appears in 2 contracts

Samples: Property Management Agreement (Krupp Cash Plus Ii LTD Partnership), Property Management Agreement (Krupp Cash Plus Ii LTD Partnership)

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Collection of Rents and Other Receipts. The Agent will collect, when due, all rents, charges and other amounts receivable for the Owner's account in connection with the management and operation of the Shopping Center. Such receipts will be deposited in an account, separate from all other accounts and funds, with a bank whose deposits are insured by the Federal Deposit Insurance Corporation. This account will be carried in the Owner's name and designated of record as "CORAL PLAZA SHOPPING CENTERHIGH POINT NATIONAL FURNITURE MART" (the "Shopping Center Rental Center Account"). Subject to compliance with Section 11 hereof, the Agent is, however, hereby authorized to make deposits to and withdrawals from the Shopping Center Rental Account as agent for the Owner.

Appears in 1 contract

Samples: Property Management Agreement (Krupp Cash Plus LTD Partnership)

Collection of Rents and Other Receipts. The Agent will collect, when due, all rents, charges and other amounts receivable for the Owner's account in connection with the management and operation of the Shopping Center. Such receipts will be deposited in an account, separate from all other accounts and funds, with a bank whose deposits are insured by the Federal Deposit Insurance Corporation. This account will be carried in the Owner's name and designated of record as "CORAL PLAZA TRADEWINDS SHOPPING CENTER" (the "Shopping Center Rental Center Account"). Subject to compliance with Section 11 hereof, the Agent is, however, hereby authorized to make deposits to and withdrawals from the Shopping Center Rental Account as agent for the Owner.

Appears in 1 contract

Samples: Property Management Agreement (Krupp Cash Plus LTD Partnership)

Collection of Rents and Other Receipts. The Agent will collect, when due, all rents, charges and other amounts receivable for the Owner's account in connection with the management and operation of the Shopping Center. Such receipts will be deposited in an account, separate from all other accounts and funds, with a bank whose deposits are insured by the Federal Deposit Insurance Corporation. This account will be carried in the Owner's name and designated of record as "CORAL PLAZA SHOPPING CENTERLURIA'S PLAZA" (the "Shopping Center Rental Center Account"). Subject to compliance with Section 11 hereof, the Agent is, however, hereby authorized to make deposits to and withdrawals from the Shopping Center Rental Account as agent for the Owner.

Appears in 1 contract

Samples: Property Management Agreement (Krupp Cash Plus LTD Partnership)

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Collection of Rents and Other Receipts. The Agent will collect, when due, all rents, charges and other amounts receivable for the Owner's account in connection with the management and operation of the Shopping Center. Such receipts will be deposited in an account, separate from all other accounts and funds, with a bank whose deposits are insured by the Federal Deposit Insurance Corporation. This account will be carried in the Owner's name and designated of record as "CORAL PLAZA SHOPPING ALDERWOOD TOWNE CENTER" (the "Shopping Center Rental Center Account"). Subject to compliance with Section 11 hereof, the Agent is, however, hereby authorized to make deposits to and withdrawals from the Shopping Center Rental Account as agent for the Owner.

Appears in 1 contract

Samples: Property Management Agreement (Krupp Cash Plus Ii LTD Partnership)

Collection of Rents and Other Receipts. The Agent will collect, when due, all rents, charges and other amounts receivable for the Owner's account in connection with the management and operation of the Shopping Center. Such receipts will be deposited in an account, separate from all other accounts and funds, with a bank whose deposits are insured by the Federal Deposit Insurance Corporation. This account will be carried in the Owner's name and designated of record as "CORAL PLAZA ENCINO OAKS SHOPPING CENTER" (the "Shopping Center Rental Center Account"). Subject to compliance with Section 11 hereof, the Agent is, however, hereby authorized to make deposits to and withdrawals from the Shopping Center Rental Account as agent for the Owner.

Appears in 1 contract

Samples: Property Management Agreement (Krupp Cash Plus Ii LTD Partnership)

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