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

  • Payments to Owner hereunder will be made by check(s) drawn on Purchaser’s (or its assignee’s) bank account.

  • 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.

  • 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.

  • Payments to Owner Trustee/Lessor: Payments made to Owner Trustee pursuant to the terms of the Operative Documents shall be made to the following account of Lessor: or to such other account of Lessor in the United States as may be specified in a notice delivered by Owner Trustee to Lessee and Owner Participant in accordance with Section 10.1 at least 10 Business Days prior to the due date after which payments are to be made pursuant to such notice.

  • Payments to Owner; Fixed Annuity Payments; Amount of Fixed Annuity Payments; Amount of Variable Annuity Payments ANNUITY PAYMENT OPTIONS .

  • 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.

  • Payments to Owner Trustee...............................................

  • The following is the list of agreed titles for undergraduate and taught postgraduate programmes .

  • Payments to Owner Trustee....................................33 SECTION 3.07.

  • Owners 161 Owner Responsibilities 161 Owner Qualifications 162 Owner Actions that May Result in Disapproval of a Tenancy Request 163 Legal Ownership of Unit 164 Non-Discrimination 164 Housing Assistance Payments Contract 164 HAP Contract Term 165 Termination of HAP Contract and Payments to Owner 165 Notification of HAP Contract and Payment Termination 166 Owner Breach of HAP Contract 166 Change in Ownership and Assignment of the HAP Contract 166 20.

Related to Payments to Owner

  • Payments to Party A: Citibank, N.A., New York SWIFT BIC Code: CITIUS33 ABA No. 021 000 089 FAO: Morgan Stanley & Co. Internationax Limited Account No. 3042-1519

  • Payments refers to anything of value, including cash, gifts, travel expenses, entertainment, offers of employment, provision of free services, and business meals. It may also include event sponsorships, consultant contracts, fellowship support, job offers, and charitable contributions made at the request of, or for the benefit of, an individual, his or her family, or other relations, even if made to a legitimate charity.

  • 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).

  • 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.

  • 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 the Eligible Deposit Account created pursuant to Section 2.2 as a sub-account to the Collection Account.

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

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

  • Aggregate Payments means, with respect to a Contributing Guarantor as of any date of determination, an amount equal to (1) the aggregate amount of all payments and distributions made on or before such date by such Contributing Guarantor in respect of this Guaranty (including in respect of this Section 7.2), minus (2) the aggregate amount of all payments received on or before such date by such Contributing Guarantor from the other Contributing Guarantors as contributions under this Section 7.2. The amounts payable as contributions hereunder shall be determined as of the date on which the related payment or distribution is made by the applicable Funding Guarantor. The allocation among Contributing Guarantors of their obligations as set forth in this Section 7.2 shall not be construed in any way to limit the liability of any Contributing Guarantor hereunder. Each Guarantor is a third party beneficiary to the contribution agreement set forth in this Section 7.2.

  • 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.

  • Royalty Payments has the meaning set forth in Section 7.3.1.

  • Late Payment means any amount that is due and payable by law under a written procurement contract, without deferral, delay, or set-off under COMAR 21.02.07.03, and remains unpaid more than 45 days after an agency receives a Proper Invoice.

  • Advance Payments means the payments made by Customer in advance of delivery with respect of an Aircraft pursuant to Section 4.2 of the Purchase Agreement.

  • Production Payment means a production payment obligation (whether volumetric or dollar denominated) of the Borrower or any of its Restricted Subsidiaries which are payable from a specified share of proceeds received from production from specified Oil and Gas Properties, together with all undertakings and obligations in connection therewith.