Common use of Fixed Asset Accounting Clause in Contracts

Fixed Asset Accounting. For Properties in portfolios requiring maintenance of fixed asset accounting detail and related depreciation (as specified in the Accounting Policies set forth in Section 2.4.O), Manager will be required to maintain and submit to Owner on a monthly basis, a detailed schedule of all fixed asset additions and the related depreciation/amortization and accumulated depreciation/ amortization utilizing the useful lives and various depreciation methods specified within the Accounting Policies. All such schedules shall agree to the amounts posted within the general ledger. Manager shall not be responsible for any errors in data made prior to Manager’s involvement with the data.

Appears in 5 contracts

Samples: And Construction Management Agreement (Griffin Capital Essential Asset REIT, Inc.), And Construction Management Agreement (Griffin Capital Essential Asset REIT II, Inc.), And Construction Management Agreement (Gc Net Lease Reit, Inc.)

AutoNDA by SimpleDocs

Fixed Asset Accounting. For Properties in portfolios requiring maintenance of fixed asset accounting detail and related depreciation (as specified in the Accounting Policies set forth in Section 2.4.OPolicies), Manager will be required to maintain and submit to Owner on a monthly basis, a detailed schedule of all fixed asset additions and the related depreciation/amortization and accumulated depreciation/ amortization utilizing the useful lives and various depreciation methods specified within the Accounting Policies. All such schedules shall agree to the amounts posted within the general ledger. Manager shall not be responsible for any errors in data made prior to Manager’s involvement with the data.

Appears in 5 contracts

Samples: And Construction Management Agreement (Wells Core Office Income Reit Inc), And Construction Management Agreement (Wells Real Estate Investment Trust Inc), And Construction Management Agreement (Wells Real Estate Investment Trust Ii Inc)

Fixed Asset Accounting. For Xxxxx' Managed Properties in portfolios requiring maintenance of fixed asset accounting detail and related depreciation (as specified in the Accounting Policies set forth in Section 2.4.OPolicies), Manager will be required to maintain and submit to Owner on a monthly basis, a detailed schedule of all fixed asset additions and the related depreciation/amortization and accumulated depreciation/ amortization utilizing the useful lives and various depreciation methods specified within the Accounting Policies. All such schedules shall agree to the amounts posted within the general ledger. Manager shall not be responsible for any errors in data made prior to Manager’s 's involvement with the data.

Appears in 2 contracts

Samples: www.sec.gov, And Construction Management Agreement (Wells Real Estate Investment Trust Ii Inc)

Fixed Asset Accounting. For Properties in portfolios requiring maintenance of fixed asset accounting detail and related depreciation (as specified in the Accounting Policies set forth in Section 2.4.OPolicies), Manager will be required to maintain and submit to Owner on a monthly basis, a detailed schedule of all fixed asset additions and the related depreciation/amortization and accumulated depreciation/ depreciation/amortization utilizing the useful lives and various depreciation methods required by the Owner and specified within the Accounting Policies. All such schedules shall agree to the amounts posted within the general ledger. Manager shall not be responsible for any errors in data made prior to Manager’s involvement with the data.

Appears in 2 contracts

Samples: Management Agreement (Wells Mid-Horizon Value-Added Fund I LLC), Management Agreement (Wells Mid-Horizon Value-Added Fund I LLC)

AutoNDA by SimpleDocs

Fixed Asset Accounting. For Properties in portfolios Portfolios requiring maintenance of fixed asset accounting detail and related depreciation (as specified in the Real Estate Accounting Policies set forth in Section 2.4.OPolicies), Property Manager will be required to maintain and submit to Owner on a monthly basis, a detailed schedule of all fixed asset additions and the related depreciation/amortization and accumulated depreciation/ depreciation/amortization utilizing the useful lives and various depreciation methods required by the Owner and specified within the Real Estate Accounting Policies. All such schedules shall agree to the amounts posted within the general ledger. Property Manager shall not be responsible for any errors in data made prior to Property Manager’s involvement with the data.

Appears in 1 contract

Samples: Operating Agreement (Inland Real Estate Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.