Repairs, Maintenance and Equipment Replacements to be Paid from Reserve. A. At Owner’s option and request, a reserve account in the name of Owner (the “Reserve”) shall be established by Manager, in a bank or similar institution reasonably acceptable to both Manager and Owner, to cover the cost of:
Appears in 18 contracts
Samples: Management Agreement (Apple REIT Ten, Inc.), Management Agreement (Apple REIT Ten, Inc.), Management Agreement (Apple REIT Ten, Inc.)
Repairs, Maintenance and Equipment Replacements to be Paid from Reserve. A. At Owner’s option and request, Manager shall establish a reserve account in the name of Owner (the “"Reserve”) shall be established by Manager"), in a bank or similar institution reasonably acceptable to both Manager and Owner, to cover the cost of:
Appears in 5 contracts
Samples: Management Agreement (Apple Hospitality Five Inc), Management Agreement (Apple Hospitality Five Inc), Management Agreement (Apple Hospitality Five Inc)
Repairs, Maintenance and Equipment Replacements to be Paid from Reserve. A. At Owner’s option and request, a A reserve account in the name and under the control of Owner (the “Reserve”) shall be established by Manager, Manager in a bank or similar institution reasonably acceptable to both Manager and Owner, to cover the cost of:
Appears in 2 contracts
Samples: Management Agreement (Apple REIT Ten, Inc.), Management Agreement (Apple REIT Ten, Inc.)
Repairs, Maintenance and Equipment Replacements to be Paid from Reserve. A. At Owner’s option and request, Manager shall establish a reserve account in the name of Owner (the “Reserve”) shall be established by Manager), in a bank or similar institution reasonably acceptable to both Manager and Owner, to cover the cost of:
Appears in 2 contracts
Samples: Management Agreement (Apple Reit Six Inc), Management Agreement (Apple Reit Six Inc)
Repairs, Maintenance and Equipment Replacements to be Paid from Reserve. A. At Owner’s option Owner shall establish and request, maintain a reserve account in the name of Owner (the “Reserve”) shall be established by Manager), in a bank or similar institution reasonably acceptable to both Manager and Owner, to cover the cost of:
Appears in 1 contract
