Insufficient Funds in Bank Account. Manager shall not be required to expend any of its own funds for disbursements chargeable to Owner. If there are insufficient funds in the Bank Account for a disbursement, Manager may, after notifying Owner of such insufficiency in writing, defer making any disbursement until Owner has furnished the funds necessary for such disbursement.
Appears in 6 contracts
Samples: Consent and Subordination of Management Agreements (KBS Real Estate Investment Trust III, Inc.), Limited Liability Company Agreement, Limited Liability Company Agreement (KBS Strategic Opportunity REIT II, Inc.)
