Common use of Business Development Clause in Contracts

Business Development. The Manager will use reasonable commercial efforts to identify Property Acquisitions for the Owner to directly or indirectly acquire that the Manager believes may be an appropriate opportunity for the Owner. If the 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 such other information that is available to the Manager and that is reasonably requested by the Owner regarding such Property Acquisition, and upon the Owner’s request will meet with the Owner and its advisors to discuss the evaluation any Property Acquisition pursued by the Owner.