Management Funds definition

Management Funds means all monies received, recovered or held by the Manager for the use and benefit of the Estate and the daily management of the Estate pursuant to this Deed other than the Special Funds. Such funds shall be established and maintained by the Manager including interest and charges to defray the cost of the exercise of the Manager’s powers and the performance of its duties under this Deed and the BMO and to pay the Management Expenses.
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Management Funds means all moneys held by the Manager under this Deed including payments on account of Monthly Management Fees, Advance Payments, Management Fees Deposits, Common Utilities Deposits, Debris Removal Charges and the Special Fund;
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Management Funds. All monies recovered or held by the Manager pursuant to this Deed except only the Manager’s Remuneration.
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Examples of Management Funds in a sentence

  • Application of damages recovered (7) All damages recovered in any such proceedings mentioned in Clause (6) of this Sub-Section (E) shall be credited into the management account for the benefit of all the Owners of the Units and held as part of the Management Funds for the management of the Development and be applied accordingly.

  • Manager's Remuneration exclusive of disbursements (2) The Manager's Remuneration shall not be subject to any requirement by the Manager to disburse or provide from such money such staff referred to in Clause (1)(aj) of Subsection (B) of Section V hereof, but not further or otherwise, facilities, accountancy services, or other professional supervision the cost for which shall be a direct charge upon the Management Funds.


More Definitions of Management Funds

Management Funds. All monies received, recovered or held by the Manager in respect of the management of the Development pursuant to this Deed.
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Management Funds. All monies received, recovered or held by the Manager pursuant to this Deed for the use and benefit of the Estate except only the Manager's Remuneration.
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Management Funds. All monies recovered or held by the Manager pursuant to this Deed except only the Manager’s Remuneration and for the avoidance of doubt shall not include the Special Fund.
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Related to Management Funds

  • Endowment fund means an institutional fund or part thereof that, under the terms of a gift instrument, is not wholly expendable by the institution on a current basis. The term does not include assets that an institution designates as an endowment fund for its own use.

  • Investment Fund has the same meaning as in National Instrument 81-106 Investment Fund Continuous Disclosure;

  • Settlement Fund means the Settlement Amount plus any and all interest earned thereon.

  • Grant Funds means any and all funds allocated or disbursed to Grantee under this Agreement.