Insufficient Income Sample Clauses
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Insufficient Income. If at any time the gross income (or cash in the Receipts Account and the Disbursement Account) from the Premises shall not be sufficient to pay the bills and charges which may be incurred with respect to the Premises, or if such gross income is insufficient to pay the combined sum of both bills and charges, Manager shall not be obligated to pay said expenses and charges from its own account. Manager shall notify Owner immediately upon first projection or awareness of a cash shortage or pending cash shortage and Owner and Manager shall jointly determine payment priority. After Manager has paid, to the extent of available gross income, all bills and charges based upon the ordered priorities set jointly by Owner and Manager, Manager shall submit to Owner a statement of all remaining unpaid bills. Owner shall thereafter and without undue delay provide sufficient monies to pay any unpaid expenses properly payable by Owner.
Insufficient Income. If at any time the cash in the Operating Account shall not be sufficient to pay the bills and charges which have been or may be incurred with respect to the Property and which are payable from the Operating Account, Manager shall notify Owner immediately upon first projection or awareness of a cash shortage or pending cash shortage.
Insufficient Income. If at any time the gross income (or cash in the Operating Account) from the Premises shall not be sufficient to pay the bills and charges which may by incurred with respect to the Premises, the Manager shall notify Owner immediately upon first projection or awareness of a cash shortage or pending cash shortage and Owner and Manager shall jointly determine payment priority. Manager shall not be obligated to pay said expenses and charges from its own account. After Manager has paid, to the extent of available funds, all bills and charges based upon the ordered priorities set jointly by Owner and Manager, Manager shall submit to Owner a statement of all remaining unpaid bills. Owner shall immediately and without delay make all reasonable efforts to provide sufficient monies to pay any unpaid expenses before they become delinquent.
Insufficient Income. If at any time the cash in the Operating Account for the Centers shall not be sufficient to pay the bills and charges incurred in connection with the operation of the Centers, Property Manager shall notify Owners immediately of such condition or the potential of such condition. Property Manager shall also provide to Owners a sources and uses statement to document such cash shortages and Owners shall provide sufficient monies to eliminate such cash shortage.
Insufficient Income. If at any time, the cash in the Operating Account shall not be sufficient to pay the bills and charges which may be incurred with respect to the Clubs, Famous shall not be obligated to pay said expenses and charges from its own account. Famous shall notify Client upon awareness of a cash shortage or pending cash shortage and Client shall determine payment priority, except that any Management Fee due shall have priority over any other bills or charges. After Famous has paid, to the extent of available cash, all Management Fees, bills and charges based upon the priorities established by Client, Famous shall submit to Client a statement of all remaining unpaid bills. Client shall thereafter and without undue delay provide sufficient monies to pay any unpaid expenses properly payable by Client.
Insufficient Income. If at any time the cash in the operating account of Owner is not sufficient to pay expenses and fees incurred with respect to the Property, Asset Manager shall notify Owner immediately of such condition or the potential of such condition and Owner may, at its option, provide sufficient monies to eliminate such cash shortage. Asset Manager shall not be required to advance any of its own funds to pay expenses and fees incurred with respect to the Property.