Wash. Court of Appeals published opinion — D2 60254-7-II Published Opinion.pdf

Citation: Wash. Court of Appeals published opinion — D2 60254-7-II Published Opinion.pdf
Jurisdiction: Washington (state)
Source: Official source
Original Source: https://www.courts.wa.gov/opinions/pdf/D2%2060254-7-II%20Published%20Opinion.pdf ↗

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4.3 SPECIFIC EXPENSES TO BE PAID BY MANAGER: [AMC]
shall pay from the Project operating account . . . all utility and maintenance charges;
all real property taxes and assessments; all premiums for liability and property
insurance; all monthly payments upon underlying secured real property debt;
[AMC’s] fees; all other operating and rental expenses set forth herein and as may
be necessary for the continued operation of the Project; employee salaries, wages,
and related employee expenses; the costs and expense of uniforms for employees
(if applicable); legal fees related to the operation of the Project; the costs and
expenses directly associated with the training of Project employees; and such other
expenses as contemplated by the [business plan] or as stated in this agreement.

CP at 360. After the Project costs have been paid, AMC transmits the net cash, except for a cash

contingency reserve, to the Owner on at least a monthly basis.

Regarding onsite employees, the PMA provides:

3
For the current opinion, go to https://www.lexisnexis.com/clients/wareports/.

No. 60254-7-II