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

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

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (KBS Strategic Opportunity REIT, Inc.)

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Property Review, Tax Review and Other Programs. (a) Manager shall participate in Owner’s 's property review programs to the extent 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. Manager shall respond, within 10 days, to Owner’s 's management evaluation reports concerning reasonable actions to be taken by Manager to correct or modify its management standards for the operations or financial services provided for the Premises. (b) Manager shall participate in Owner’s 's tax review program. Manager shall check tax assessments and assist Owner, when requested by Owner, in efforts to reduce such taxes. Manager shall promptly furnish Owner with copies of all assessment notices and receipted tax billsbills received by Manager. (c) Manager shall comply with Owner’s 's reasonable energy conservation and Hazardous Wastes policies, as communicated by Owner to Manager, policies and submit energy consumption and Hazardous Wastes reports for the Premises in accordance with Owner’s 's program for energy and Hazardous Wastes audits and reviews.

Appears in 1 contract

Samples: Limited Liability Company Agreement (KBS Strategic Opportunity REIT II, Inc.)

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Property Review, Tax Review and Other Programs. (a) Manager shall participate in Owner’s 's property review programs to the extent 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. Manager shall respond, within 10 days, to Owner’s 's management evaluation reports re­ ports concerning actions to be taken by Manager to correct or modify its management standards for the operations or financial services provided for the Premises. (b) Manager shall participate pa1ticipate in Owner’s 's tax review program. Manager shall check tax assessments and assist Owner, when requested by Owner, in efforts to reduce such taxes. Manager shall promptly furnish Owner with copies of all assessment notices and receipted tax bills. (c) Manager shall comply with Owner’s 's energy conservation and Hazardous Wastes policies, as communicated by Owner to Manager, and submit energy consumption and Hazardous Wastes reports for the Premises in accordance with Owner’s 's program for energy and Hazardous Wastes audits and reviews.

Appears in 1 contract

Samples: Consent and Subordination of Management Agreements (KBS Real Estate Investment Trust III, Inc.)

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