Covenants Concerning Payment of Operating Expenses. Owner covenants to pay all sums for reasonable operating expenses in excess of gross receipts required to operate the Property upon written notice and demand from Manager within five days after receipt of written notice for payment thereof.
Covenants Concerning Payment of Operating Expenses. If there are not sufficient funds in the Depository Account to move to the Disbursement Account in order to make any payment of operating expenses, Manager shall immediately notify Owner in writing. Owner will deposit funds within fifteen (15) days of written notification into the Disbursement Account. Owner further recognizes that the Projects may be operated in conjunction with other projects and that costs may be allocated or shared between such projects on a more efficient and less expensive method of operation in an effort to save costs and operate the Projects in a more efficient manner.
Covenants Concerning Payment of Operating Expenses. Owner covenants to pay all sums for operating expenses in excess of gross receipts required to operate the Project in accordance with the Annual Business Plan upon written notice and demand from Manager within ten (10) days after receipt of such written notice. Owner further recognizes that the Project may be operated in conjunction with other properties, and costs may be allocated or shared between such other properties on a more efficient or less expensive basis. In such regard, Owner consents to the allocation of costs and/or the sharing of any expenses in an effort to save costs or operate the Project in a more efficient manner so long as such allocation is done on an equitable basis and so long as the computations of such allocations are provided to Owner for its approval pursuant to Section 3.12 hereof.
Covenants Concerning Payment of Operating Expenses. If there are not sufficient funds in the Depository Account to move to the Disbursement Account in order to make any payment of operating expenses, Manager shall immediately notify RREM in writing. Upon receipt of written notice by RREM, RREM will notify Owner of the deficiency. Owner will deposit funds within fifteen (15) days of written notification to RREM into the Disbursement Account. Owner further recognizes that the Project may be operated in conjunction with other projects and that costs may be allocated or shared between such projects on a more efficient and less expensive method of operation in an effort to save costs and operate the Project in a more efficient manner.
Covenants Concerning Payment of Operating Expenses. If there are not sufficient funds in the Depository Account to make any payment of operating expenses, Manager shall immediately notify RREM in writing. Upon receipt of written notice by RREM, RREM will notify Owner of the deficiency. Owner will deposit funds within fifteen (15) days of written notification to RREM into the Depository Account. Owner further recognizes that the Project may be operated in conjunction with other projects and that costs may be allocated or shared between such projects on a more efficient and less expensive method of operation in an effort to save costs and operate the Project in a more efficient manner.
Covenants Concerning Payment of Operating Expenses. Except as otherwise provided herein, Owner covenants to pay all sums for operating expenses in excess of Gross Receipts required to operate the Project upon written notice and demand from Manager within ten (10) days after receipt of written notice. Owner further recognizes that the Project may be operated in conjunction with other phases and that costs may be allocated or shared between such phases on a more efficient and less expensive method of operation. In such regard, Owner consents to the allocation of costs and/or the sharing of any expenses in an effort to save costs and operate the Project in a more efficient manner.
Covenants Concerning Payment of Operating Expenses. Owner covenants to pay all sums for operating expenses in excess of Gross Receipts required to operate the Property upon written notice and demand from Manager within thirty (30) days after receipt of written notice. Owner further recognizes that the Property may be operated in conjunction with other phases and costs may be allocated or shared between such phases on a more efficient and less expensive method of operation. In such regard, Owner consents to the equitable allocation of costs and/or the sharing of any expenses in an effort to save costs and operate the Property in a more efficient manner.
Covenants Concerning Payment of Operating Expenses. Without limiting the provisions of Section 4.05, Owner covenants to pay all sums for operating expenses provided for in the Operating Budget in excess of Gross Receipts required to operate the Project upon written notice and demand from Manager within ten (10) days after receipt of written notice.
Covenants Concerning Payment of Operating Expenses. Owner covenants to pay all sums for operating expenses in excess of gross receipts required to operate the Apartments upon written notice and demand from Manager within ten (10) days after receipt of written notice but only to the extent such expenses are consistent with the Budget (defined below). Owner further recognizes that the Apartments may be operated in conjunction with other properties, and costs may be allocated or shared between such other properties on a more efficient or less expensive basis. In such regard, Owner consents to the allocation of costs and/or the sharing of any expenses in an effort to save cost or operate the Apartments in a more efficient manner so long as such allocation is done on an equitable basis and so long as the computations of such allocations are provided to Owner pursuant to Section 2.13 hereof.
Covenants Concerning Payment of Operating Expenses. County covenants to pay all sums for operating expenses in excess of Gross Receipts required to operate the Property within ten (10) days after receipt of written notice from Manager.
