SPECIFIC EXPENSES TO BE PAID BY. PINNACLE ON OWNER'S BEHALF: Pinnacle shall pay from the Project operating account, in accordance with the business plan or as otherwise directed by Owner, all utility and maintenance charges; all real property taxes and assessments; all premiums for liability and casualty insurance; all monthly payments upon underlying secured real property debt; Pinnacle's fees; all other operating and rental expenses set forth herein; postage, copying, long distance charges and other expenses directly associated with the property; the costs and expense of uniforms for employees (where applicable) and the costs and expenses directly associated with the training of Project employees. See Exhibit E for a schedule of fees, which shall be paid from the operating account.
Appears in 2 contracts
Samples: Property Management Agreement (Boston Capital Real Estate Investment Trust Inc), Property Management Agreement (Boston Capital Real Estate Investment Trust Inc)
SPECIFIC EXPENSES TO BE PAID BY. PINNACLE ON OWNER'S BEHALF: Pinnacle shall pay from the Project operating account, in accordance with the business plan or as otherwise directed by Owner, all utility and maintenance charges; all real property taxes and assessments; all premiums for liability and casualty insurance; all monthly payments upon underlying secured real property debt; Pinnacle's fees; all other operating and rental expenses set forth herein; postage, copying, long distance charges and other expenses directly associated with the property; the costs and expense of uniforms for employees (where applicable) and the costs and expenses directly associated with the training of Project employees. See Exhibit E for a schedule of fees, which shall be paid from the operating account.
Appears in 2 contracts
Samples: Property Management Agreement (Boston Capital Real Estate Investment Trust Inc), Property Management Agreement (Boston Capital Real Estate Investment Trust Inc)