Common use of Budgets and Leasing Plans Clause in Contracts

Budgets and Leasing Plans. Not later than November 15 of each calendar year, Manager shall prepare and submit to Owner for its approval an operating budget and a marketing and leasing plan on each Property for the calendar year immediately following such submission. In connection with any acquisition of a Property by Owner, Manager shall prepare a budget and marketing and leasing plan for the remainder of the calendar year. The budget and marketing and leasing plan shall be in the form of the budget and plan approved by Owner prior to the date thereof. As often as reasonably necessary during the period covered by any such budget, Manager may submit to Owner for its approval an updated budget or plan incorporating such changes as shall be necessary to reflect cost over-runs and the like during such period. If Owner does not disapprove any such budget within 30 days after receipt thereof by Owner, such budget shall be deemed approved. If Owner shall disapprove any such budget or plan, it shall so notify Manager within said 30-day period and explain the reasons therefor. If Owner disapproves of any budget or plan, Manager shall submit a revised budget or plan, as applicable, within 10 (ten) days of receipt of the notice of disapproval, and Owner shall have 10 (ten) days to provide notice to Manager if it disapproves of any such revised budget or plan. Manager will not incur any costs other than those estimated in any budget except for:

Budgets and Leasing Plans. Not later than November 15 of each calendar year, Manager shall prepare and submit to Owner for its approval an operating budget and a marketing and leasing plan on each Property for the calendar year immediately following such the submission. In connection with any acquisition of a Property by Owner, Manager shall prepare a budget and marketing and leasing plan for the remainder of the calendar year. The budget and marketing and leasing plan shall be in the form of the budget and plan approved by Owner prior to the date thereof. As often as reasonably necessary during the period covered by any such budget, Manager may submit to Owner for its approval an updated budget or plan incorporating such any changes as shall be necessary to reflect cost over-runs and the like during such the period. If Owner does not disapprove any such budget within 30 days after receipt thereof by Owner, such the budget shall be deemed approved. If Owner shall disapprove any such budget or plan, it shall so notify Manager within said 30-day period and explain the reasons therefor. If Owner disapproves of any budget or plan, Manager shall submit a revised budget or plan, as applicable, within 10 (ten) days of receipt of the notice of disapproval, and Owner shall have 10 (ten) days to provide notice to Manager if it disapproves of any such revised budget or plan. Manager will not incur any costs other than those estimated included in, and only to the extent provided for (subject to reasonable deviation for changes in market costs), in any budget except for:

Budgets and Leasing Plans. Not later than November 15 of each calendar year, Manager shall prepare and submit to Owner for its approval an operating budget and a marketing and leasing plan on each Property for the calendar year immediately following such submission. In connection with any acquisition of a Property by Owner, Manager shall prepare a budget and marketing and leasing plan for the remainder of the calendar year. The budget and marketing and leasing plan shall be in the form of the budget and plan approved by Owner prior to the date thereof. As often as reasonably necessary during the period covered by any such budget, Manager may submit to Owner for its approval an updated budget or plan incorporating such changes as shall be necessary to reflect cost over-runs and the like during such period. If Owner does not disapprove any such budget within 30 days after receipt thereof by Owner, such budget shall be deemed approved. If Owner shall disapprove any such budget or plan, it shall so notify Manager within said 30-day period and explain the reasons therefor. If Owner disapproves of any budget or plan, Manager shall submit a revised budget or plan, as applicable, within 10 (ten) days of receipt of the notice of disapproval, and Owner shall have 10 (ten) days to provide notice to Manager if it disapproves of any such revised budget or plan. Manager will not incur any costs other than those estimated included in, and only to the extent provided for (subject to reasonable deviation for changes in market costs), in any budget except for:

Budgets and Leasing Plans. Not later than November 15 October 1 of each calendar year, Manager Subcontractor shall prepare and submit to Manager and Owner for its approval an operating budget and a marketing and leasing plan on each with respect to the Property for the calendar year immediately following such submission. In connection with any acquisition of a Property by Owner, Manager shall prepare a budget and marketing and leasing plan for the remainder of the calendar year. The budget and marketing and leasing plan shall be in the form of the budget and plan approved by Owner prior to the date thereof. As often as reasonably necessary during the period covered by any such budget, Manager Subcontractor may submit to Manager and Owner for its approval an updated budget or plan incorporating such changes as shall be necessary to reflect cost over-runs and the like during such period. If Manager or Owner does not fails to disapprove any such budget within 30 thirty (30) days after receipt thereof by Manager and Owner, such budget shall be deemed approved. If Manager or Owner shall disapprove any such budget or plan, it shall so notify Manager Subcontractor within said thirty (30-) day period and explain the reasons therefor. If Manager or Owner disapproves of any budget or plan, Manager Subcontractor shall submit a revised budget or plan, as applicable, plan within 10 ten (ten10) days of after receipt of the notice of disapproval, and Manager and Owner shall have 10 ten (ten10) days to provide notice to Manager Subcontractor if it disapproves of any such revised budget or plan. Manager Subcontractor will not incur any costs other than those estimated in any budget or plan except for:

Budgets and Leasing Plans. Not later than November 15 of each calendar year, Manager shall prepare and submit to Owner for its approval an operating budget and a marketing and leasing plan on each the Property for the calendar year immediately following such submission. In connection with any acquisition of a Property by Owner, Manager shall prepare a budget and marketing and leasing plan for the remainder of the calendar year. The budget and marketing and leasing plan shall be in the form of the budget and plan approved by Owner prior to the date thereof. As often as reasonably necessary during the period covered by any such budget, Manager may submit to Owner for its approval an updated budget or plan incorporating such changes as shall be necessary to reflect cost over-runs and the like during such period. If Owner does not disapprove any such budget within 30 days after receipt thereof by Owner, such budget shall be deemed approved. If Owner shall disapprove any such budget or plan, it shall so notify Manager within said 30-day period and explain the reasons therefor. If Owner disapproves of any budget or plan, Manager shall submit a revised budget or plan, as applicable, within 10 (ten) days of receipt of the notice of disapproval, and Owner shall have 10 (ten) days to provide notice to Manager if it disapproves of any such revised budget or plan. Manager will not incur any costs other than those estimated in any budget except for:

Budgets and Leasing Plans. Not later than November 15 of each calendar year, Manager shall prepare and submit to Owner for its approval an operating budget and a marketing and leasing plan on each Property for the calendar year immediately following such submission. In connection with any acquisition of a Property by Owner, Manager shall prepare a budget and marketing and leasing plan for the remainder of the calendar year. The budget and marketing and leasing plan shall be in the form of the budget and plan approved by Owner prior to the date thereof. As often as reasonably necessary during the period covered by any such budget, Manager may submit to Owner for its approval an updated budget or plan incorporating such changes as shall be necessary to reflect cost over-runs and the like during such period. If Owner does not disapprove any such budget within 30 thirty (30) days after receipt thereof by Owner, such budget shall be deemed approved. If Owner shall disapprove any such budget or plan, it shall so notify Manager within said 30-day period and explain the reasons therefor. If Owner disapproves of any budget or plan, Manager shall submit a revised budget or plan, as applicable, within 10 ten (ten10) days of receipt of the notice of disapproval, and Owner shall have 10 ten (ten10) days to provide notice to Manager if it disapproves of any such revised budget or plan. Manager will not incur any costs other than those estimated in any budget except for:

Budgets and Leasing Plans. Not later than November 15 of each calendar year, Manager Subcontractor shall prepare and submit to Manager and Owner for its approval an operating budget and a marketing and leasing plan on each for the Property for the calendar year immediately following such submission. In connection with any the acquisition of a the Property by Owner, Manager Subcontractor shall prepare a budget and marketing and leasing plan for the remainder of the 2005 calendar yearyear within twenty (20) days after the date hereof. The budget and marketing and leasing plan shall be in the form of the budget and plan approved by Owner prior to the date thereofOwner. As often as reasonably necessary during the period covered by any such budget, Manager Subcontractor may submit to Manager and Owner for its approval an updated budget or plan incorporating such changes as shall be necessary to reflect cost over-runs and the like during such period. If Manager and Owner does do not disapprove any such budget within 30 days after receipt thereof by Manager or Owner, as the case may be, such budget shall be deemed approved. If Manager or Owner shall disapprove any such budget or plan, it shall so notify Manager Subcontractor within said 30-day period and explain the reasons therefor. If Manager or Owner disapproves of any budget or plan, Manager Subcontractor shall submit a revised budget or plan, as applicable, within 10 (ten) days of receipt of the notice of disapproval, and Manager and Owner shall have 10 (ten) days to provide notice to Manager Subcontractor if it disapproves of any such revised budget or plan. Manager Subcontractor will not incur any costs other than those estimated in any budget except for:

Budgets and Leasing Plans. Not later than November 15 of each calendar year, Manager Subcontractor shall prepare and submit to Manager and Owner for its approval an operating budget and a marketing and leasing plan on each with respect to the Property for the calendar year immediately following such submission. In connection with any acquisition of a Property by Owner, Manager shall prepare a budget and marketing and leasing plan for the remainder of the calendar year. The budget and marketing and leasing plan shall be in the form of the budget and plan approved by Owner prior to the date thereof. As often as reasonably necessary during the period covered by any such budget, Manager Subcontractor may submit to Manager and Owner for its approval an updated budget or plan incorporating such changes as shall be necessary to reflect cost over-runs and the like during such period. If neither Manager nor Owner does not disapprove disapproves any such budget within 30 days after receipt thereof by Manager and Owner, such budget shall be deemed approved. If Manager or Owner shall disapprove any such budget or plan, it shall so notify Manager Subcontractor within said 30-day period and explain the reasons therefor. If Manager or Owner disapproves of any budget or plan, Manager Subcontractor shall submit a revised budget or plan, as applicable, within 10 (ten) days of after receipt of the notice of disapproval, and Manager and Owner shall have 10 (ten) days to provide notice to Manager Subcontractor if it disapproves of any such revised budget or plan. Manager Subcontractor will not incur any costs other than those estimated in any budget except for: