Common use of Monies Collected Clause in Contracts

Monies Collected. Manager shall collect all rent and other monies from tenants and any sums otherwise due Owner with respect to the Owner in the ordinary course of business. In collecting such monies, Manager shall inform tenants of the Owner that all remittances are to be in the form of a check, wire transfer or money order. Owner authorizes Manager to request, demand, collect and receipt for all such rent and other monies and to institute legal proceedings in the name of Owner for the collection thereof and for the dispossession of any tenant in default under its Lease. Manager shall not, however, compromise with any tenant or waive Owner’s rights under any Lease without Owner’s consent.

Appears in 8 contracts

Samples: Management Agreement (Industrial Logistics Realty Trust Inc.), Management Agreement (Logistics Property Trust Inc.), Management Agreement (Logistics Property Trust Inc.)

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Monies Collected. Manager shall collect all rent and other monies from tenants and any sums otherwise due Owner with respect to the Owner in the ordinary course of business. In collecting such monies, Manager shall inform tenants of the Owner that all remittances are to be in the form of a check, wire transfer check or money order. Owner authorizes Manager to request, demand, collect and receipt for all such rent and other monies and to institute legal proceedings in the name of Owner for the collection thereof and for the dispossession of any tenant in default under its Leaselease. Manager shall not, however, compromise with any tenant or waive Owner’s 's rights under any Lease lease without Owner’s 's consent.

Appears in 4 contracts

Samples: Management Agreement (Dividend Capital Trust Inc), Management Agreement (Dividend Capital Trust Inc), Management Agreement (Dividend Capital Trust Inc)

Monies Collected. Manager shall collect all rent and other monies ---------------- from tenants and any sums otherwise due Owner with respect to the Owner in the ordinary course of business. In collecting such monies, Manager shall inform tenants of the Owner that all remittances are to be in the form of a check, wire transfer check or money order. Owner authorizes Manager to request, demand, collect and receipt for all such rent and other monies and to institute legal proceedings in the name of Owner for the collection thereof and for the dispossession of any tenant in default under its Leaselease. Manager shall not, however, compromise with any tenant or waive Owner’s 's rights under any Lease lease without Owner’s 's consent.

Appears in 2 contracts

Samples: Management Agreement (Wells Real Estate Investment Trust Inc), Management Agreement (Wells Real Eastate Investment Trust Inc)

Monies Collected. Manager shall collect all rent and other monies from ---------------- tenants and any sums otherwise due Owner with respect to the Owner Partnership Properties in the ordinary course of business. In collecting such monies, Manager shall inform tenants of the Owner Partnership Properties that all remittances are to be in the form of a check, wire transfer check or money order. Owner authorizes Manager to request, demand, collect and receipt for all such rent and other monies and to institute legal proceedings in the name of Owner for the collection thereof and for the dispossession of any tenant in default under its Leaselease. Manager shall not, however, compromise with any tenant or waive Owner’s 's rights under any Lease lease without Owner’s 's consent.

Appears in 2 contracts

Samples: Management Agreement (Wells Real Estate Fd Xii L P & Wells Real Estate Fd Xiii Lp), Management Agreement (Wells Real Estate Fd Xii L P & Wells Real Estate Fd Xiii Lp)

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Monies Collected. Manager shall collect all rent and other monies from tenants and any sums otherwise due Owner with respect to the Owner in the ordinary course of business. In collecting such monies, Manager shall inform tenants of the Owner that all remittances are to be in the form of a check, wire transfer or money order. Owner authorizes Manager to request, demand, collect and receipt for all such rent and other monies and to institute legal proceedings in the name of Owner for the collection thereof and for the dispossession of any tenant in default under its Lease. Manager shall not, however, compromise with any tenant or waive Owner’s 's rights under any Lease without Owner’s 's consent.

Appears in 2 contracts

Samples: Management Agreement (Dividend Capital Total Realty Trust Inc.), Management Agreement (Dividend Capital Total Realty Trust Inc.)

Monies Collected. Manager shall collect all rent and other monies ---------------- from tenants and any sums otherwise due Owner with respect to the Owner Partnership Properties in the ordinary course of business. In collecting such monies, Manager shall inform tenants of the Owner Partnership Properties that all remittances are to be in the form of a check, wire transfer check or money order. Owner authorizes Manager to request, demand, collect and receipt for all such rent and other monies and to institute legal proceedings in the name of Owner for the collection thereof and for the dispossession of any tenant in default under its Leaselease. Manager shall not, however, compromise with any tenant or waive Owner’s 's rights under any Lease lease without Owner’s 's consent.

Appears in 1 contract

Samples: Management Agreement (Wells Real Estate Fund Xiii L P)

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