Owner's Obligation to Fund. If, for any respective month, funds in the Project Account or the respective reserves are not sufficient to cover expenses specified in the approved Operating Plan, or those which have been approved in writing by Owner, Owner shall, within ten (10) days after receipt of written notice from Manager of the amount of the estimated insufficiency, deposit in the Operating Account or contribute to the respective reserve an amount equal to such estimated shortfall.
Appears in 10 contracts
Samples: Management and Leasing Agreement (Education Realty Trust, Inc.), Management and Leasing Agreement (Education Realty Trust, Inc.), Management and Leasing Agreement (Education Realty Trust, Inc.)
