Common use of Monthly Accounting Statements Clause in Contracts

Monthly Accounting Statements. Subsidiary through Manager shall furnish Owner with monthly accounting statements, on or before the twentieth (20th) day of each month, identifying, for the previous month: (a) fulfilled rental reservations; (b) the Residence’s Net Rental Proceeds (as defined in Section 3.1); (c) the total Rental Management Fee (as defined in Section 3.1); (d) the total Owner’s Proceeds (as defined in Section 3.1); and (e) any amounts that may be due to Subsidiary or Manager pursuant to this Agreement or otherwise. If the accounting statements reflect a balance due to Subsidiary or Manager, Owner shall remit the amount due within thirty (30) days, following date of the accounting statements. If the statements reflect a balance owed to Owner, Subsidiary through Manager shall include with the statement, a check made payable to Owner for any amounts due to Owner for the previous month. Payments shall be issued in US dollar currency.

Monthly Accounting Statements. Subsidiary through Manager shall furnish Owner with monthly accounting statements, on or before the twentieth fifteen (20th15th) day of each month, identifying, for the previous month: (a) fulfilled rental reservations; (b) the Residence’s Net Rental Proceeds (as defined in Section 3.1); (c) the total Rental Management Fee (as defined in Section 3.1); (d) the total Owner’s Proceeds (as defined in Section 3.1); and (e) any amounts that may be due to Subsidiary or Manager pursuant to this Agreement or otherwise. If the accounting statements reflect a balance due to Subsidiary or Manager, Owner shall remit the amount due within thirty (30) days, following date of the accounting statements. If the statements reflect a balance owed to Owner, Subsidiary through Manager shall include with the statement, a check made payable to Owner for any amounts due to Owner for the previous month. Payments shall be issued in US dollar currency.