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: 1. Replacements, renewals and additions to the FF&E at the Hotel; and
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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:
1. Replacements, renewals and additions to the FF&E at the HotelInn; and
Appears in 1 contract
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:
1. Replacements, renewals and additions to the FF&E at the Hotel; and
Appears in 1 contract
