Business Development. The Manager will use reasonable commercial efforts to identify Property Acquisitions for Owner to directly or indirectly acquire that the Manager believes fall within the acquisition parameters established from time to time by agreement between Parent and Manager. The Manager shall provide quarterly reports to Owner regarding its activities in connection with identifying Property Acquisitions. If Owner elects in accordance with Section 9.1 to pursue a Property Acquisition, Manager will use its commercially reasonable efforts to negotiate with the Seller and submit to Owner for execution, a Purchase and Sale Agreement and other applicable transaction documents which, to the extent reasonably possible, shall comply with the General Parameters. The Manager will provide Owner with each Proposal for any Property Acquisition the information specified in Section 9.1(c), copies of all title reports and environmental reports obtained by the Manager with respect to such Property Acquisitions and other such information that is available to the Manager and that is reasonably requested by Owner regarding such Property Acquisition, and will meet with management of Owner and its advisors to discuss the evaluation any Property Acquisition pursued by Owner.
Appears in 4 contracts
Samples: Management Services Agreement (Energy 11, L.P.), Management Services Agreement (Energy 11, L.P.), Management Services Agreement (Energy 11, L.P.)
