Common use of Accounts, Expenditures Clause in Contracts

Accounts, Expenditures. A. All funds derived from operation of the Inns shall be deposited by Management Company, in accordance with Management Company's cash management procedures, in bank account(s) in a financial institution(s) designated by Management Company. Withdrawals from said account(s) shall be made by representatives of Management Company whose signatures have been authorized. Reasonable ▇▇▇▇▇ cash funds shall be maintained at each Inn. B. All payments made by Management Company hereunder shall be made from authorized bank accounts, ▇▇▇▇▇ cash funds, or from Working Capital provided pursuant to Section 7.01. Management Company shall not be required to make any advance or payment to or for the account of Owner except out of such funds, and Management Company shall not be obligated to incur any liability or obligation for Owner's account without assurances that necessary funds for the discharge thereof will be provided by Owner. Debts and liabilities incurred by Management Company as a result of its operation and management of the Inns pursuant to the terms hereof, whether asserted before or after the Termination of this Agreement, will be paid by Owner to the extent funds are not available for that purpose from the operation of the Inns.