Common use of Minimum Cash Balance Clause in Contracts

Minimum Cash Balance. At all times (subject to Manager's right, pursuant to Paragraph 1.8, above, to demand working capital from Owner in the event of a shortfall), Manager shall maintain a minimum cash balance in the Facility Checking Account equal to the sum of.. (a) All costs and expenses associated with the ownership or operation of the Facility (each a "Facility Expense" and any two or more or all the "Facility Expenses"), including, without limitation, any principal and interest payments due in connection with any loan secured by a mortgage on the Facility, payroll, insurance, supplies, services, taxes (but excluding all federal, state, and local income taxes assessed against Owner), and the Base Management Fee, all of which Facility Expenses are unpaid but will become due and payable within the ensuing forty-five (45) days; plus (b) An amount deemed necessary by Manager to be adequate for unanticipated contingencies, which amount initially shall be $5,000 and which amount shall be adjusted as reasonably determined by Manager.

Minimum Cash Balance. At all times (subject to Manager's right, pursuant to Paragraph 1.8, above, to demand working capital from Owner in the event of a shortfall), Manager shall maintain a minimum cash balance in the Facility Checking Account equal to the sum of..: (a) All costs and expenses associated with the ownership or operation of the Facility (each a "Facility Expense" and any two or more or all the "Facility Expenses"), including, without limitation, any principal and interest payments due in connection with any loan secured by a mortgage on the Facility, payroll, insurance, supplies, servicesseivices, taxes (but excluding all federal, state, and local income taxes assessed against Owner), and the Base Management Fee, all of which Facility Expenses are unpaid but will become due and payable within the ensuing forty-five (45) days; plusplus 8 (b) An amount deemed necessary by Manager to be adequate for unanticipated contingencies, which amount initially shall be $5,000 and which amount shall be adjusted as reasonably determined by Manager. 9.

Minimum Cash Balance. At all times (subject to Manager's right, pursuant to Paragraph 1.8, above, to demand working capital from Owner in the event of a shortfall), Manager shall maintain a minimum cash balance in the Facility Checking Account equal to the sum of..: (a) All costs and expenses associated with the ownership or operation of the Facility (each a "Facility Expense" and any two or more or all the "Facility Expenses"), including, without limitation, any principal and interest payments due in connection with any loan secured by a mortgage on the Facility, payroll, insurance, supplies, services, taxes (but excluding all federal, state, and local income taxes assessed against Owner), and the Base Management Fee, all of which Facility Expenses are unpaid but will become due and payable within the ensuing forty-five (45) days; plus (b) An amount deemed necessary by Manager to be adequate for unanticipated contingencies, which amount initially shall be $5,000 and which amount 12 shall be adjusted as reasonably determined by Manager.

Minimum Cash Balance. At all a11 times (subject to Manager's right, pursuant to Paragraph 1.8I.8, above, to demand working capital from Owner in the event of a shortfall), Manager shall maintain a minimum cash balance in the Facility Checking Account equal to the sum of..: (a) All costs and expenses associated with the ownership or operation of the Facility (each a "Facility Expense" and any two or more or all the "Facility Expenses"), including, without limitation, any principal and interest payments due in connection with any loan secured by a mortgage on the Facility, payroll, insurance, supplies, services, taxes (but excluding all federal, state, and local income taxes assessed against Owner), and the Base Management Fee, all of which Facility Expenses are unpaid but will become due and payable within the ensuing forty-five (45) days; plus (b) An amount deemed necessary by Manager to be adequate for unanticipated contingencies, which amount initially shall be $5,000 and which amount shall be adjusted as reasonably determined by Manager.