Development Budget. “Development Budget” means the Development Budget with respect to the Project included as part of the Development Plan approved as provided in Section 8.4, as such budget may, from time to time, be amended in accordance with this Agreement and the Development Management Agreement.
Appears in 4 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Winter Sports Inc /New), Limited Liability Company Agreement (Winter Sports Inc /New)
Development Budget. The term “Development Budget” means shall mean the Development Budget with respect to development budget for the Project included approved by Owner and Lender, if applicable, in the form attached hereto as Exhibit “B” and made a part of the Development Plan approved hereof for all purposes, to be proposed by Developer pursuant to Section 2.2 hereof, and as provided in Section 8.4, as such budget mayupdated and revised, from time to time, be amended in accordance with this Agreement and the Development Management AgreementOwner’s approval.
Appears in 2 contracts
Samples: Mutual Exclusivity Agreement (Ashford Hospitality Trust Inc), Mutual Exclusivity Agreement (Ashford Hospitality Prime, Inc.)
Development Budget. “Development Budget” means the Development Budget with respect to the a Project included as part of the Development Plan approved as provided in Section 8.4, as such budget may, from time to time, be amended in accordance with this Agreement and the Development Management Agreement.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Winter Sports Inc /New)
