Priority of Disbursements. As and when received by Manager or the Hotel, all Gross Revenues shall be deposited into a Bank Account created pursuant to the requirements of Section 7.03. Manager shall in turn disburse on a monthly basis, for and on behalf of Owner, funds from such account in the following order of priority and to the extent available:
Appears in 6 contracts
Samples: Management Agreement (Capital Lodging), Management Agreement (Capital Lodging), Management Agreement (Capital Lodging)