Common use of Preparation of Budget, Management Records and Accounts Clause in Contracts

Preparation of Budget, Management Records and Accounts. (3:07:01) (a) For the purpose of fixing the Management Fee and other monies payable by the Owners, the Manager shall prepare an annual budget showing the estimated Management Expenses and Manager’s Remuneration for the ensuing financial year (as defined in Clause (3:07:02) of this Deed); such budgets (except the annual budget for the first financial year as defined in Clause (3:07:02) of this Deed) shall be prepared in consultation with the Owners or the Owners’ Committee or the Owners’ Corporation (if formed).

Preparation of Budget, Management Records and Accounts. (3:07:01) (a) For the purpose of fixing the Management Fee and other monies payable by the Owners, the Manager shall prepare an annual budget showing the estimated Management Expenses and Manager’s Remuneration for the ensuing financial year (as defined in Clause (3:07:02) of this Deed); such budgets (except the annual budget for the first financial year as defined in Clause (3:07:02) of this Deed) one shall be prepared in consultation with the Owners or the Owners’ Committee or the Owners’ Corporation (if formed).

Preparation of Budget, Management Records and Accounts. (3:07:01) (a) For the purpose of fixing the Management Fee and other monies payable by the Owners, the Manager shall prepare an annual budget showing the estimated Management Expenses and Manager’s Remuneration for the ensuing financial year (as defined in Clause (3:07:02) of this Deed); such budgets (except the annual budget for the first financial year as defined in Clause (3:07:02) of this Deed) one shall be prepared in consultation with the Owners or the Owners’ Committee or the Owners’ Corporation (if formed).

Preparation of Budget, Management Records and Accounts. (3:07:01) (a) For the purpose of fixing the Management Fee and other monies payable by the Owners, the Manager shall prepare an annual budget showing the estimated Management Expenses and Manager’s Remuneration for the ensuing financial year (as defined in Clause (3:07:02) of this Deed); such budgets (each annual budget except the annual budget for the first financial year as defined in Clause (3:07:02) of this Deed) one shall be prepared in consultation with the Owners or the Owners’ Committee or the Owners’ Corporation (if formed).