Owner's Obligation to Provide Funding Sample Clauses

Owner's Obligation to Provide Funding. If at any month end the funds in the Operating Account fall below $250,000.00, the Manager shall immediately notify the Owner in writing and the Owner will (1) advance sums necessary to restore the working capital to $250,000.00 and (2) indemnify the Manager against liability for payroll taxes or any other liability arising from such Operating Account shortfall.
Sample 1
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Owner's Obligation to Provide Funding. If at any time the available funds in the Operating Account (as described in Section 2.5) shall not be sufficient to pay all of the current expenses, fees, bills or other charges incurred in connection with the Single Family Home, including, without limiting the foregoing, the Manager's Fees, which are to be paid from the Operating Account, the Manager shall so advise the Owner, in writing, and shall provide the Owner with a statement of the amount of funds necessary to cure such insufficiencies. The failure of the Owner to provide such funds shall excuse the Manager from its duties-and obligations hereunder.
Sample 1
Owner's Obligation to Provide Funding. The following shall apply to the funding needs of the Hotel:
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Owner's Obligation to Provide Funding. The following shall apply to the funding needs of each Casino Operation:
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Owner's Obligation to Provide Funding. The following shall apply to the funding needs of The Cannery:
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Related to Owner's Obligation to Provide Funding

  • Owners’ Obligations 5.1 The Owners shall pay all sums due to the Managers punctually in accordance with the terms of this Agreement.

  • Managers’ Obligations 4.1 The Managers undertake to use their best endeavours to provide the agreed Management Services as agents for and on behalf of the Owners in accordance with sound ship management practice and to protect and promote the interests of the Owners in all matters relating to the provision of services hereunder. Provided, however, that the Managers in the performance of their management responsibilities under this Agreement shall be entitled to have regard to their overall responsibility in relation to all vessels as may from time to time be entrusted to their management and in particular, but without prejudice to the generality of the foregoing, the Managers shall be entitled to allocate available supplies, manpower and services in such manner as in the prevailing circumstances the Managers in their absolute discretion consider to be fair and reasonable.

  • CONDITIONS PRECEDENT TO THE BUYER’S OBLIGATION TO PURCHASE The obligation of the Buyer hereunder to purchase the Note at the Closing is subject to the satisfaction, at or before the Closing Date of each of the following conditions, provided that these conditions are for the Buyer’s sole benefit and may be waived by the Buyer at any time in its sole discretion:

  • CONDITIONS TO EACH PURCHASER'S OBLIGATION TO PURCHASE 7.1 The obligation of each Purchaser hereunder to purchase the Common Shares and Warrants to be purchased by it on the date of the Closing is subject to the satisfaction of each of the following conditions, provided that these conditions are for each Purchaser's sole benefit and may be waived by such Purchaser at any time in such Purchaser's sole discretion:

  • Conditions to The Purchaser’s Obligation to Purchase The obligation of the Purchaser hereunder to purchase the Note at the Closing is subject to the satisfaction, at or before the Closing Date of each of the following conditions, provided that these conditions are for the Purchaser’s sole benefit and may be waived by the Purchaser at any time in its sole discretion:

  • Conditions of the Company’s Obligations at the Closing The obligations of the Company owed to the Purchaser to consummate the Closing under Section 1 of this Agreement, unless otherwise waived in writing by the Company, are subject to the fulfillment at or before the Closing of each of the following conditions:

  • Seller's Obligation The obligation of Seller to sell and deliver the Shares to Buyer is subject to the satisfaction (or waiver by Seller) as of the Closing of the following conditions:

  • Conditions to Purchaser’s Obligation to Close The obligations of Purchaser to consummate the Transaction shall be subject to the satisfaction, on or prior to the Closing Date, of each of the following conditions, any of which may be waived by Purchaser in writing:

  • CONDITIONS TO THE PURCHASER’S OBLIGATION TO CLOSE The obligation of the Purchaser to acquire the Property shall be subject to the satisfaction of the following conditions precedent on and as of the Closing Date:

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