Owner’s Disbursements definition

Owner’s Disbursements means all amounts required to be distributed by Manager to Borrower or Operating Lessee pursuant to Section 5.04.3 of the Management Agreement (or such similar amounts required to be disbursed to Borrower or Operating Lessee pursuant to any replacement Management Agreement).
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Examples of Owner’s Disbursements in a sentence

  • Owner’s Disbursements, if any, plus total construction for all four sites, shall not exceed the total construction budget.