Common use of Operating Supplies Clause in Contracts

Operating Supplies. The Working Capital Balance shall be inclusive of funds necessary to supply the Managed Properties with Operating Supplies, Operating Consumables, operating systems, services and equipment to the extent the same are provided for in the Approved Annual Plan and Operating Budget, or as otherwise approved in advance by Owner. Manager shall, on behalf of Owner, use commercially reasonable efforts to obtain and maintain such Operating Supplies and Operating Consumables as it deems reasonably necessary for the operation of the Managed Properties subject to the provisions of this Agreement and the then-current Approved Annual Plan and Operating Budget. In purchasing goods, supplies, equipment and services for the Managed Properties (including, without limitation, Operating Supplies, Operating Consumables and long distance telephone services and other telecommunications), Manager may utilize purchasing procurement services of Affiliates of Manager and/or other group buying techniques involving other properties managed by Manager, provided that the cost thereof shall be no more than that which would be charged by non-affiliated third-party vendors in an arm’s length transaction for goods and services of comparative quality. Manager shall afford each of the Managed Properties the benefit of and any savings (without xxxx-up or fees), rebates, reimbursements or other payments resulting from any purchasing procurement services and/or group buying techniques. Owner shall have the right, from time to time, to “opt-out” of or “opt-in” to any such purchasing procurement services for any one or more groups or categories of goods and services by delivering written notice to Manager.

Operating Supplies. The Working Capital Balance shall be inclusive of funds necessary to supply the Managed Properties with Operating Supplies, Operating Consumables, operating systems, services and equipment to the extent the same are provided for in the Approved Annual Plan and Operating Budget, or as otherwise approved in advance by Owner. Manager shall, on behalf of Owner, use commercially reasonable efforts to obtain and maintain such Operating Supplies and Operating Consumables as it deems reasonably necessary for the operation of the Managed Properties subject to the provisions of this Agreement and the then-current Approved Annual Plan and Operating Budget. In purchasing goods, supplies, equipment and services for the Managed Properties (including, without limitation, Operating Supplies, Operating Consumables and long distance telephone services and other telecommunications), Manager may utilize purchasing procurement services of Affiliates of Manager and/or other group buying techniques involving other properties managed by Manager, provided that the cost thereof shall be no more than that which would be charged by non-affiliated third-party vendors in an arm’s length transaction for goods and services of comparative quality. Manager shall afford each of the Managed Properties the benefit of and any savings (without xxxx-up or fees), rebates, reimbursements or other payments resulting from any purchasing procurement services and/or group buying techniques. Owner shall have the right, from time to time, to “opt-out” of or “opt-in” to any such purchasing procurement services for any one or more groups or categories of goods and services by delivering written notice to Manager.

Operating Supplies. The Working Capital Balance shall be inclusive of funds necessary to supply the Managed Properties Property with Operating Supplies, Operating Consumables, operating systems, services and equipment to the extent the same are provided for in the Approved Annual Plan and Operating Budget, or as otherwise approved in advance by Owner. Manager shall, on behalf of Owner, use commercially reasonable efforts to obtain and maintain such Operating Supplies and Operating Consumables as it deems reasonably necessary for the operation of the Managed Properties Property subject to the provisions of this Agreement and the then-current Approved Annual Plan and Operating Budget. In purchasing goods, supplies, equipment and services for the Managed Properties Property (including, without limitation, Operating Supplies, Operating Consumables and long distance telephone services and other telecommunications), Manager may utilize purchasing procurement services of Affiliates of Manager and/or other group buying techniques involving other properties managed by Manager, provided that the cost thereof shall be no more than that which would be charged by non-affiliated third-party vendors in an arm’s length transaction for goods and services of comparative quality. Manager shall afford each of the Managed Properties Property the benefit of and any savings (without xxxx-up or fees), rebates, reimbursements or other payments resulting from any purchasing procurement services and/or group buying techniques. Owner shall have the right, from time to time, to “opt-out” of or “opt-in” to any such purchasing procurement services for any one or more groups or categories of goods and services by delivering written notice to Manager.