Common use of Operating Losses; Credit Clause in Contracts

Operating Losses; Credit. A. To the extent there is an Operating Loss for any Accounting Period, additional funds in the amount of any such deficiency shall be provided by Owner within twenty (20) days after Management Company has given written notice to Owner of such Operating Loss. If Management Company elects not to so notify Owner or if Owner does not so fund such deficiency on Management Company's request (but, in such latter case, without affecting Management Company's other remedies under this Agreement), Management Company shall have the right to withhold an amount equal to such deficiency from future disbursements of funds otherwise due to Owner. B. In no event shall either party borrow money in the name of or pledge the credit of the other. END OF ARTICLE IX

Operating Losses; Credit. A. To the extent there is an Operating Loss for any Accounting Period, additional funds in the amount of any such deficiency shall be provided by Owner Lessee within twenty (20) days after Management Company Manager has given written notice to Owner Lessee of such Operating Loss. If Management Company Manager elects not to so notify Owner Lessee or if Owner Lessee does not so fund such deficiency on Management CompanyManager's request (but, in such latter case, without affecting Management CompanyManager's other remedies under this Agreement), Management Company Manager shall have the right to withhold an amount equal to such deficiency from future disbursements of funds otherwise due to OwnerLessee. B. In no event shall either party borrow money in the name of or pledge the credit of the other. END OF ARTICLE IXVIII

Operating Losses; Credit. A. To the extent there is an Operating Loss for any Accounting Period, additional funds in the amount of any such deficiency shall be provided by Owner within twenty (20) days after Management Company has given written notice to Owner of such Operating Loss. If Management Company elects not to so notify Owner or if Owner does not so fund such deficiency on Management Company's request (but, in such latter case, without affecting Management Company's other remedies under this Agreement), Management Company shall have the right to withhold an amount equal to such deficiency from future disbursements of funds otherwise due to Owner. B. In no event shall either party borrow money in the name of or pledge the credit of the other. END OF ARTICLE IX.