FF&E Reserve. A. Manager shall establish a reserve account (the “FF&E Reserve”), in a bank or similar institution reasonably acceptable to both Manager and Owner, to cover the cost of:
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Samples: Management Agreement (Gaylord Entertainment Co /De), Management Agreement (DiamondRock Hospitality Co), Management Agreement (Apple Reit Six Inc)
FF&E Reserve. A. Manager shall establish a reserve account (the “FF&E Reserve”), ) in the name of Owner doing business as the Hotel (but on which representatives of Manager are sole signatories) in a bank or similar institution reasonably acceptable to both Manager and Owner, Owner to cover the cost ofof the following items, provided, however, that if a Qualified Lender that holds a Qualified Loan designates a one or more specific banks for any of such reserve account, then Manager shall establish such reserve account in the bank or banks so designated by such Qualified Lender:
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