Reasonable Reserves. The Manager shall establish and maintain out of Company funds reasonable reserves for working capital, capital expenditures and to pay other costs and expenses incident to ownership of the Properties and for such other Company purposes as the Manager deems appropriate, all as provided for and in accordance with the Annual Plan.
Appears in 1 contract
Sources: Operating Agreement (Lexington Corporate Properties Trust)
Reasonable Reserves. The Manager shall establish and maintain out of Company funds reasonable reserves for working capital, capital expenditures and to pay other costs and expenses incident to ownership of the Tranche II Properties and for such other Company purposes as the Manager deems appropriate, all as provided for and in accordance with the Annual Plan.
Appears in 1 contract
Sources: Operating Agreement (Lexington Corporate Properties Trust)
Reasonable Reserves. The Manager shall establish and maintain out of Company funds reasonable reserves for working capital, capital expenditures and to pay other costs and expenses incident to ownership of the Qualified Properties and for such other Company purposes as the Manager deems appropriate, all as provided for and in accordance with the Annual Plan.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Lexington Corporate Properties Trust)