Common use of Costs Eligible for Payment from Operating Account Clause in Contracts

Costs Eligible for Payment from Operating Account. Subject to the limitations of Article 2 (including Sections 2.8(b) and 2.12), Section 7.2 and the Approved Annual Business Plan, and except as otherwise directed by Owner, the following expenses, to the extent incurred in accordance with this Agreement and the Approved Annual Business Plan, shall be paid by Manager directly from the Operating Account:

Appears in 3 contracts

Samples: Property Management Agreement (Boston Capital Real Estate Investment Trust Inc), Property Management Agreement (Boston Capital Real Estate Investment Trust Inc), Property Management Agreement (Boston Capital Real Estate Investment Trust Inc)

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Costs Eligible for Payment from Operating Account. Subject to the limitations of Article 2 II (including Sections 2.8(bSection 2.08(b) and 2.12Section 2.11), Section 7.2 7.02 and the Approved Annual Business Plan, and except as otherwise directed by Owner, the following expenses, to the extent incurred in accordance with this Agreement and the Approved Annual Business Plan, shall be paid by Manager directly from the Operating Account:

Appears in 2 contracts

Samples: Property Management Agreement (One Chestnut Realty LLC), Property Management Agreement (One Chestnut Realty LLC)

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