Common use of Miscellaneous Duties Clause in Contracts

Miscellaneous Duties. Asset Manager shall: (a) maintain at Asset Manager’s office and readily accessible to Owner, orderly files containing rent records, insurance certificates, Space Leases and subleases, correspondence, receipted bills and vouchers, bank statements, canceled checks, deposit slips, debit and credit memos, and all other documents and papers pertaining to each constituent part of the Property and the operation thereof; (b) provide information about the Property necessary for the preparation and filing by Owner of its income or other tax (including real estate taxes) returns or protests of any of them required by any governmental authority, including annual statements, identifying Owner’s undivided percentage of all expenses paid and income received by Owner; (c) check all bills received for the services, work and supplies ordered in connection with maintaining and operating the Property and, except as otherwise provided in this Agreement, pay such bills when due and payable; (d) not knowingly permit the use of the Property for any purpose that might violate applicable law or that might void any policy of insurance or which might render any material loss thereunder uncollectible. (e) cause all license and similar fees to be paid and periodic reports filed as may be required to keep Owner in good standing in the jurisdiction of its organization and each other jurisdiction wherein Owner conducts business or owns property and maintaining good standing is required; and (f) adjust and settle insurance claims and eminent domain proceedings.

Miscellaneous Duties. Asset Property Manager shall: (a) maintain at Asset Property Manager’s office and readily accessible to Owner, orderly files containing rent records, insurance certificates, Space Leases and subleases, correspondence, receipted bills and vouchers, bank statements, canceled cancelled checks, deposit slips, debit and credit memos, and all other documents and papers pertaining to each constituent part of the Property and the operation thereof; (b) provide information about the Property necessary for the preparation and filing by Owner of its income or other tax (including real estate taxes) returns or protests of any of them required by any governmental authority, including annual statements, identifying Owner’s undivided percentage of all expenses paid and income received by Owner; (c) check all bills received for the services, work and supplies ordered in connection with maintaining and operating the Property and, except as otherwise provided in this Agreement, pay such bills when due and payable; (d) not knowingly permit the use of the Property for any purpose that might violate applicable law or that might void any policy of insurance or which might render any material loss thereunder uncollectible. (e) cause all license and similar fees to be paid and periodic reports filed as may be required to keep Owner in good standing in the jurisdiction of its organization and each other jurisdiction wherein Owner conducts business or owns property and maintaining good standing is required; and (f) adjust and settle insurance claims and eminent domain proceedings.