Owner Contribution Sample Clauses
Owner Contribution. In the event Agent reasonably anticipates disbursements will exceed receipts, Owner shall, upon demand, remit such excess to the Agent for deposit in the PM Trust account. In the event Owner fails to provide the requested funds within three (3) business days of the demand, Agent shall have the sole and exclusive right to determine what expenses and disbursements shall be made from the available funds. Owner recognizes that Agent may choose to pay expenses other than debt service, which may result in default by Owner on its loan. Owner assumes full responsibility for the payment of any expenses and obligations incurred in connection with the exercise of the Agent’s duties set forth herein. In no event shall the Agent be required to use its own funds to pay any of the Owner’s obligations.
Owner Contribution. Within thirty (30) days following Tenant opening for business and upon substantial completion of all of Tenant's Work to the reasonable satisfaction of Owner, Owner shall reimburse Tenant an amount not to exceed Thirty Seven Thousand Eight Hundred Seventy Five and no/100's Dollars ($37,875.00) towards the cost of the installation of Tenant improvements, trade fixtures and a grease interceptor (the "Owner Contribution"), provided that (a) Tenant first received Owner's written approval of construction estimate(s) prior to commencement of such work, Owner shall have five (5) days to approve estimates, silence shall be deemed approval; (b) Tenant has submitted final invoices for reimbursement; (c) Work was completed in compliance with all applicable codes; (d) Tenant is not in uncured default of the Lease (or if Tenant is in default, Tenant Owner harmless from any costs, fees, claims or liabilities associated with any brokerage fees claimed on behalf of Tenant other than those payable by owner to ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ of Argent Retail Advisors..
Owner Contribution. In some situations Chorus may require a contribution towards the installation of the UFB Equipment. If a contribution is required, Chorus will not undertake any installation of UFB Equipment on the owner’s land until we have agreed the amount of any such contribution and that the contribution has been paid to us.
Owner Contribution. Upon enrolment into the Rental Association, which shall occur upon payment of the Enrollment Fee and execution of this document by the owner and the Rental Manager on behalf of the Rental Association. Eeach Participating Owner shall also pay to the Rental Manager their Owner Contribution which shall be an amount equal to the Notional Rent of the Participating Owner’s Managed Unit, and held on account for the benefit of the Participating Owner in the Rental Manager’s operating bank account. The Owner Contribution may be used by the Rental Manager to cover the Participating Owner’s cash shortfall. In the event that the Owner Contribution is drawn, the Participating Owner shall make a further Owner Contribution to replenish it. The Board, by resolution, may change the Owner Contribution required from each Participating Owner.