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.
Appears in 44 contracts
Samples: Property Management Agreement (Steadfast Apartment REIT, Inc.), Assignment of Management Agreement and Subordination of Management Fees (Steadfast Income REIT, Inc.), Assignment of Management Agreement and Subordination of Management Fees (Steadfast Apartment REIT, Inc.)
Covenants Concerning Payment of Operating Expenses. Owner covenants to pay all sums for reasonable operating expenses in excess of gross receipts Gross Collections required to operate the Property upon written notice and demand from Manager within five days after receipt of written notice for payment thereofthereof from Manager.
Appears in 10 contracts
Samples: Property Management Agreement (Steadfast Income REIT, Inc.), Property Management Agreement (Steadfast Apartment REIT III, Inc.), Property Management Agreement (Steadfast Apartment REIT III, Inc.)
Covenants Concerning Payment of Operating Expenses. Owner covenants to pay all ail 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.
Appears in 2 contracts
Samples: Assignment of Management Agreement and Subordination of Management Fees, Assignment of Management Agreement and Subordination of Management Fees (Steadfast Apartment REIT, Inc.)
Covenants Concerning Payment of Operating Expenses. Owner covenants to pay all sums for reasonable expenses of maintaining and operating the Project to the extent that such expenses are properly incurred pursuant to the terms and conditions of this Agreement and exceed receipts from the Project available in excess of gross receipts required to operate the Property Operating Account. Such deposits shall be made upon written notice and demand from Manager within five (5) days after receipt by Owner of written notice for payment thereofnotice.
Appears in 1 contract
Samples: Limited Liability Company Agreement (KBS Strategic Opportunity REIT II, Inc.)
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.thereof Section
Appears in 1 contract
