Common use of Operating Losses Clause in Contracts

Operating Losses. Credit ------------------------ A. To the extent there is an Operating Loss for any Accounting Period, additional funds in the amount of any such deficiency shall be provided by Lessee within twenty (20) days after Manager has given written notice to Lessee of such Operating Loss. If Manager elects not to so notify Lessee or if Lessee does not so fund such deficiency on Manager's request (but, in such latter case, without affecting Manager's other remedies under this Agreement), Manager shall have the right to withhold an amount equal to such deficiency from future disbursements of funds otherwise due to Lessee. B. In no event shall either party borrow money in the name of or pledge the credit of the other. END OF ARTICLE VIII

Operating Losses. Credit ------------------------ A. To the extent there is an Operating Loss for any Accounting Period, additional funds in the amount of any such deficiency shall be provided by Lessee Owner within twenty (20) days after Manager has given written notice to Lessee Owner of such Operating Loss. If Manager elects not to so notify Lessee Owner or if Lessee Owner does not so fund such deficiency on Manager's request (but, in such latter case, without affecting Manager's other remedies under this Agreement), Manager shall have the right to withhold an amount equal to such deficiency from future disbursements of funds otherwise due to LesseeOwner. B. In no event shall either party borrow money in the name of or pledge the credit of the other. END OF ARTICLE VIII