Common use of OF ANNUAL PLAN Clause in Contracts

OF ANNUAL PLAN. Manager shall use its diligent good faith efforts to implement the terms of each approved Annual Plan and shall exercise control over and shall expend or otherwise transfer rents and other sums received on behalf of Owner in accordance with the terms hereof. Manager shall not take any actions which are inconsistent with the Annual Plan and are not otherwise authorized in writing by Owner, PROVIDED that Manager may exceed the annual Operating Budget with respect to the payment of Operating Expenses as set forth in Article VIII.A.

OF ANNUAL PLAN. Manager shall use its diligent good faith efforts to implement the terms of each approved Annual Plan and shall exercise control over and shall expend or otherwise transfer rents and other sums received on behalf of Owner in accordance with the terms hereof. Manager shall not take any actions which are inconsistent with the Annual Plan and are not otherwise authorized in writing by Owner, PROVIDED that Manager may exceed the annual Operating Budget with respect to the payment of Operating Expenses as set forth in Article VIII.A.VIII.A. E.