Common use of Establishment of Reserves Clause in Contracts

Establishment of Reserves. The Managers shall have the right and obligation to establish reasonable reserves for maintenance, improvements, acquisitions, capital expenditures and other contingencies, such reserves to be funded with such portion of the operating revenues of the Company as the Managers may deem necessary or appropriate for that purpose.

Establishment of Reserves. The Managers Members shall have the right and obligation to establish reasonable reserves for maintenance, improvements, acquisitions, capital expenditures expenditures, and other contingencies, such reserves to be funded with such portion of the operating revenues of the Company as the Managers Members may deem necessary or appropriate for that purpose.

Establishment of Reserves. The Managers Manager shall have the right and obligation to establish reasonable reserves for maintenance, improvements, acquisitions, capital expenditures and other contingencies, such reserves to be funded fancied with such portion of the operating revenues of the Company as the Managers Manager may deem necessary or appropriate for that purpose.

Establishment of Reserves. The Managers shall have the right and obligation to establish reasonable reserves for maintenance, improvements, acquisitions, capital expenditures anticipated and other contingencies, such reserves to be funded with such portion of the operating revenues of the or contingent Company obligations as the Managers may deem reasonably necessary or appropriate for that purpose.

Establishment of Reserves. The Managers Managing Member shall have the right and obligation to establish reasonable reserves for maintenance, improvements, acquisitions, capital expenditures and other contingencies, such reserves to be funded with such portion of the operating revenues of the Company for any fiscal year as the Managers Managing Member may deem necessary or appropriate for that purpose.