Distributable Cash. The Property Manager must provide a monthly calculation of excess cash available at the property indicating the cash available for distribution to Owner. The projection should include the existing cash balance at the end of the period and applicable adjustments for accounts payable, accrued expenses, including real estate tax accrual and non-cash accruals, less a reasonable working capital reserve. Future excess cash projections may also be required.
Appears in 9 contracts
Samples: Property Management Agreement, Master Property Management and Leasing Agreement (Global Growth Trust, Inc.), Master Property Management and Leasing Agreement (Global Income Trust, Inc.)
