Deemed Approval by Owner. Whenever Developer shall be required under the terms of this Agreement to obtain the approval of Owner with respect to a matter, Owner shall be deemed to have approved such matter if Owner fails to send Developer written notice of Owner’s disapproval of such matter within ten (10) business days after Developer submits in writing such matter to Owner for consideration.
Appears in 3 contracts
Samples: Development Agreement (Behringer Harvard Opportunity REIT I, Inc.), Development Agreement (Behringer Harvard Opportunity REIT I, Inc.), Development Agreement (Behringer Harvard Opportunity REIT I, Inc.)
Deemed Approval by Owner. Whenever Developer shall be required under the terms of this Agreement to obtain the approval of Owner with respect to a matter, Owner shall be deemed to have approved such matter if Owner fails to send Developer written notice of Owner’s 's disapproval of such matter within ten (10) business days after Developer submits in writing such matter to Owner for consideration.
Appears in 1 contract
Samples: Development Management Agreement (Behringer Harvard Short Term Opportunity Fund I Lp)
