Payments to Owner definition

Payments to Owner. To remit to the Owner on or about the fifteenth of each month any funds remaining from rents received after paying necessary disbursements. In the event that disbursements exceed receipts, Owner will immediately remit such excess to Agent. Owner will not receive rent payments until a signed lease or lease extension has been received by Agent. Litigation: To enter into litigation on behalf of Owner as Agent determines to be in Owner's best interest, to hire legal counsel, and to offer and accept settlements of disputes. AGENT TERMINATION CLAUSE: Agent may terminate the management agreement with 30 days written notice to Owner if the agent, in its sole discretion, deems the continuation of the agreement subjects itself to liability or is in breach of its duties to the tenants or any other persons. If so terminated, the Owner shall immediately pay back to Agent all monies of any nature expended by Agent on the Owner’s behalf. OWNER'S OBLIGATIONS: Financial Responsibility: To be personally responsible for the payment of any expenses or other obligation incurred by Agent in the proper exercise of his authority and duties hereunder; to be personally responsible for the payment to Agent of the amount of excess of expenditures over receipts. Owner hereby grants to Agent a lien against said property to insure the repayment to Agent of said excess and any other amounts that may be due hereunder. In the event that any or all of such an excess remains unpaid to Agent one month after Agent has delivered to Owner a statement showing the amount of the excess, Owner will incur a service charge equal to two percent (2%) of the amount of the excess unpaid each month. Agent's Liability: Owner agrees to fully indemnify and hold harmless Agent and all of its agents and employees from and against all claims, damages, losses, and expenses, including attorney’s fees actually incurred, arising out of, resulting from, or directly or indirectly connected with the performance of Agent’s work and services performed under this agreement, including, but not limited to, the Agent’s rental or management of the herein described property, and from any liability for any alleged injury, damage, or loss suffered by any tenant, applicant, or other person whatsoever. Owner agrees to carry, at his own expense, necessary public liability insurance in an amount not less than $300,000, which policy shall be so written as to protect Agent in the same manner and to the same extent they protect Owner a...
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Examples of Payments to Owner in a sentence

  • Should such condition precedent not be satisfied for each Computation Quarter, then City shall have no obligation under this Section 3.2 to make any Covenant Payments to Owner in such Computation Quarter.

  • Family Payments to Owner – The family is responsible for paying their monthly rent portion (as determined by the Tampa Housing Authority).

  • Payments to Owner During the Term of the HAP ContractDuring the term of the HAP Contract, the Tampa Housing Authority will make monthly Housing Assistance Payments to the owner, on behalf of the family, at the beginning of each month.

  • Notwithstanding anything herein to the contrary, while City may pay the Economic Development Grant from any lawful source other than Ad Valorem Tax Revenues or Hotel Occupancy Tax Revenues (except as specified in Section 5.4 hereof), City must pay the Chapter 380 Payments to Owner at the times and in the amounts set forth in this Agreement, provided Owner is in compliance with its obligations under this Agreement at the time such payments are due.

  • CKHA will administer payments to owners as outlined in the Administrative Plan, Chapter 17, Part V: Housing Assistance Payments Contract (HAP) and Part IX: Payments to Owner.

  • In the event that such legislation, or other legislation prohibiting or restricting the City’s ability to make Covenant Payments to Owner, is enacted, either Party may terminate this Agreement without liability to the other.

  • NELSON HALL HOMES LEASE GUARANTEE The undersigned, as guarantor, in consideration of Owner entering the above Lease with Resident hereby guarantees all Monthly Payments to Owner and performance of all other obligations of Resident under this Lease and all contemporaneous and future attachments and amendments thereto.

  • Family Payments to Owner – The family is responsible for paying their monthly rent portion (as determined by the Spokane Housing Authority).

  • Druk tijdens Sluimeren opnieuw op de knop om Sluimeren te deactiveren.

  • Architect will review, sign, and transmit complete and correct Application for Payments to Owner for processing.

Related to Payments to Owner

  • Payments has the meaning set forth in Section 8.11.

  • Payments in lieu of contributions means the money payments to

  • FILOT Payments means the amount paid or to be paid in lieu of ad valorem property taxes as provided herein.

  • Capitation Payment means a payment the STATE makes periodically to the MCO for each Enrollee covered under the Contract for the provision of services as defined in Article 6 regardless of whether the Enrollee receives these services during the period covered by the payment.

  • Payment Ahead means, with respect to a Precomputed Receivable and a Collection Period, any Excess Payment (not representing, when added to any Deferred Prepayment with respect to such Precomputed Receivable, a prepayment in full of such Precomputed Receivable) which the Servicer, in accordance with its customary servicing practices, will apply towards the payment of Scheduled Payments due in one or more future Collection Periods.

  • Debit Payment means a particular transaction where a debit is made.

  • Production Payments means, collectively, Dollar-Denominated Production Payments and Volumetric Production Payments.

  • Event Payments has the meaning set forth in Section 6.1(d).

  • Payment Requirement means the amount specified as being applicable to the Reference Entity in the Standard or its equivalent in the relevant Obligation Currency (or, if no such amount is specified, USD 1,000,000 or its equivalent in the relevant Obligation Currency) in either case as of the occurrence of the relevant Failure to Pay or Potential Failure to Pay, as applicable.

  • Permitted Payments to Parent means, without duplication as to amounts:

  • Loan Payments means the amounts required to be paid by the Company in repayment of the Loan pursuant to Section 4.1 hereof.

  • Policy Payments Account means a separate special purpose trust account that is an Eligible Account, for the benefit of Holders of the Notes and the Credit Enhancer over which the Indenture Trustee has exclusive control and sole right of withdrawal.

  • Transfer Payment Either or both of a Transfer Payment Made or a Transfer Payment Received.

  • Upfront Payment has the meaning set forth in Section 4.1.

  • Interim Payment has the meaning specified in Section 10.1.

  • Special Payments Account Means, with respect to the Class A Certificates, the account or accounts created and maintained for such series pursuant to Section 4.01(b) of the Basic Agreement (as modified by Section 7.01(c) of this Trust Supplement) and this Trust Supplement.

  • Monthly Service Fees means the monthly (or 1/12 of the annual fee) subscription fees paid for the affected Cloud Service which did not meet the SA SLA.

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).

  • Remittance As defined in Section 7.02(b) hereof.

  • Aggregate Payments as defined in Section 7.2.

  • Monthly Service Fee means a monthly charge to a member for continuing care and not as rent, or a daily prorated portion thereof.

  • Service payments means payments to the private entity of a qualifying project pursuant to a service contract.

  • Lease Payments means the rental payments described in Exhibit A hereto.

  • Rental Payments means the rental payments paid by the occupant of a unit, excluding any supplemental rental assistance to the occupant from the State, the federal government, or any other public agency, but including any mandatory fees or charges imposed on the occupant by the Owner as a condition of occupancy of the unit.

  • Volumetric Production Payments means production payment obligations recorded as deferred revenue in accordance with GAAP, together with all undertakings and obligations in connection therewith.