Common use of Insufficient Income Clause in Contracts

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, Agent shall notify Owner immediately upon first projection or awareness of a cash shortage or pending 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 have been or may be incurred with respect to the Property and which are payable from the Operating Account, Agent Manager shall notify Owner immediately upon first projection or awareness of a cash shortage or pending cash shortage.