Segregation of Accounts. In any instance where Manager manages several properties for Owner, Manager shall segregate the income and expenses of each property so that Total Operating Revenues from each property will be applied only to the bills and charges from that property.
Appears in 5 contracts
Samples: Hotel Management Agreement (Procaccianti Hotel Reit, Inc.), Management Agreement (Procaccianti Hotel Reit, Inc.), Management Agreement (Procaccianti Hotel Reit, Inc.)
Segregation of Accounts. In any instance where Manager manages several properties for Owner, Manager shall segregate the income and expenses of each property Property so that Total Operating Revenues Property Income from each property Property will be applied only to the bills and charges from that propertysuch Property.
Appears in 2 contracts
Samples: Management and Leasing Agreement, Management and Leasing Agreement (CNL Healthcare Properties, Inc.)
Segregation of Accounts. In any instance where If Manager manages several properties for Owner, or affiliates of Owner, Manager shall segregate into separate operating bank accounts the income and expenses of each property so that Total Operating Revenues as to apply gross income from each property will be applied only to the bills and charges from that property.
Appears in 2 contracts
Samples: Management and Leasing Agreement (Usf&g Legg Mason Realty Partners Limited Partnership), Management and Leasing Agreement (Usf&g Legg Mason Realty Partners Limited Partnership)
Segregation of Accounts. In any instance where Manager manages several properties for Owner, The Manager shall segregate the income and expenses of each property the Property so that Total Operating Revenues gross income from each property the Property will be applied only to in payment of the bills Approved Expenses associated with the Property and charges from that not any other property.
Appears in 1 contract
Samples: Contribution Agreement (Federal Realty Investment Trust)
Segregation of Accounts. In any instance where Manager manages several properties for Owner, Manager shall segregate the income and expenses of each property so that Total Operating Revenues from each property will be applied only to the bills and charges from that property.. Management Agreement - Page 20
Appears in 1 contract
Samples: Hotel Management Agreement (Procaccianti Hotel Reit, Inc.)
