Common use of Preparation of Budget Clause in Contracts

Preparation of Budget. Manager shall prepare and submit to Owner a business plan and proposed budget for the operation, repair and maintenance of the Project for the forthcoming fiscal year. The business plan and proposed budget for the 2004 fiscal year shall be delivered to Owner by not later than October 15, 2003. Thereafter, each subsequent business plan and proposed annual budget shall be delivered to Owner by no later than October 15 of the then immediately preceding year. Owner will consider each proposed budget and will consult with Manager in the period prior to the commencement of the forthcoming fiscal year in order to agree upon an “Approved Budget.”

Preparation of Budget. Manager shall prepare and submit to Owner a business plan and proposed budget for the promotion, operation, repair and maintenance of the Project for the forthcoming fiscal year. The business plan and proposed budget for the 2004 1998 fiscal year shall be delivered to Owner by not later than October 15April 1, 20031998. Thereafter, each subsequent business plan and proposed annual budget shall be delivered to Owner by no later than October 15 November 1 of the then immediately preceding each year. Owner will consider each proposed budget and will consult with Manager in the period prior to the commencement of the forthcoming fiscal year in order to agree upon an “"Approved Budget.”"

Preparation of Budget. Manager shall prepare and submit to Owner a business plan and proposed budget in a form approved by Owner for the promotion, leasing, operation, repair and maintenance of the Project Property for the forthcoming fiscal year. The business plan and Each proposed budget for the 2004 forthcoming fiscal year shall be delivered to Owner by not later than October 15, 2003. Thereafter, each subsequent business plan and proposed annual budget shall be delivered at least 90 days prior to Owner by no later than October 15 the expiration of the then immediately preceding current fiscal year, provided Owner has provided Manager with the information necessary to complete the budget. Owner will consider each proposed budget and will consult with Manager in the period prior to the commencement of the forthcoming fiscal year in order to agree upon an “Approved Budget.”