Common use of Property Review, Tax Review and Other Programs Clause in Contracts

Property Review, Tax Review and Other Programs. (a) Co-Manager shall participate in Owner’s property review programs to the extent reasonably requested by Owner. Such review shall include asset, investment, financial and strategy profiles in form and substance satisfactory to Owner and such assistance as Owner may request in connection with appraisals of the Premises. Co-Manager shall respond, within ten (10) days, to Owner’s management evaluation reports concerning actions to be taken by Co-Manager to correct or modify its management standards for the operations or financial services provided for the Premises. (b) Co-Manager shall participate in Owner’s tax review program. Co-Manager shall check tax assessments and assist Owner, when requested by Owner, in efforts to reduce such taxes. Co-Manager shall promptly furnish Owner with copies of all assessment notices and receipted tax bills. (c) Co-Manager shall comply with Owner’s energy conservation and Hazardous Materials policies, as communicated by Owner to Co-Manager, and submit energy consumption and Hazardous Materials reports for the Premises in accordance with Owner’s program for energy and Hazardous Materials audits and reviews.