Common use of DISTRIBUTION TO OWNER Clause in Contracts

DISTRIBUTION TO OWNER. The Parties agree that the Agent shall make the following distributions to the Owner: (check one) ☐ – With each payment made by a tenant of the Property on a timely basis. ☐ – [#]% of payments collected to be paid each ☐ week ☐ month with the full balance owed five (5) days before the end of each taxable quarter. ☐ – $[AMOUNT] to be paid each ☐ week ☐ month with the full balance owed five (5) days before the end of each taxable quarter. ☐ – To be paid in full five (5) business days before the end of each taxable quarter.

DISTRIBUTION TO OWNER. The Parties agree that the Agent shall make the following distributions to the Owner: (check one) ☐ – With each payment made by a tenant of the Property on a timely basis. ☐ – [#]% of payments collected to be paid each ☐ week ☐ month with the full balance owed five (5) days before the end of each taxable quarter. ☐ – $[AMOUNT] to be paid each ☐ week ☐ month with the full balance owed five (5) days before the end of each taxable quarter. ☐ – To be paid in full five (5) business days before the end of each taxable quarter. ☐ – Other.