Common use of Deposit and Disbursement of Funds Clause in Contracts

Deposit and Disbursement of Funds. (a) The Manager shall establish and administer the overall rate structure of the Facility and shall supervise the issuance of bills and the collection of accounts as the true and lawful attorney-in-fact for the Owner. The Manager shall take possession of and endorse the name of the Owner on all notes, checks, money orders, insurance payments, and any other instruments received in payment of accounts described below.

Appears in 8 contracts

Samples: Management Agreement (Carematrix Corp), Management Agreement (Carematrix Corp), Management Agreement (Carematrix Corp)

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