Revision. Manager may revise the Operating Budget from time to time, as necessary, to reflect any unpredicted significant changes, variables or events or to include significant additional, unanticipated items of revenue and expense. Any such revision shall be submitted to Owner for approval, which approval shall not be unreasonably withheld, delayed or conditioned.
Appears in 45 contracts
Samples: Property Management Agreement (Steadfast Apartment REIT, Inc.), Assignment of Management Agreement and Subordination of Management Fees (Steadfast Income REIT, Inc.), Assignment of Management Agreement and Subordination of Management Fees (Steadfast Apartment REIT, Inc.)
Revision. Manager may revise the Operating Budget and/or Capital Budget from time to time, as necessary, to reflect any unpredicted significant changes, variables or events or to include significant additional, unanticipated items of revenue and expense, in Manager’s commercially reasonable discretion employing the standard of care set forth in Section 2.4. Any such revision shall be submitted to Owner for approval, which approval shall not be unreasonably withheld, conditioned or delayed or conditionedto the extent relating to items necessary to continue to operate the Property in substantially the same manner as previously operated.
Appears in 10 contracts
Samples: Property Management Agreement (Steadfast Income REIT, Inc.), Property Management Agreement (Steadfast Apartment REIT III, Inc.), Property Management Agreement (Steadfast Apartment REIT III, Inc.)
Revision. Manager may revise the Operating Budget from time to time, as necessary, to reflect any unpredicted significant changes, variables or events or to include significant additional, unanticipated items of revenue and expense. , Any such revision shall be submitted to Owner for approval, which approval shall not be unreasonably withheld,vithheld, delayed or conditioned.
Appears in 2 contracts
Samples: Assignment of Management Agreement and Subordination of Management Fees, Assignment of Management Agreement and Subordination of Management Fees (Steadfast Apartment REIT, Inc.)
Revision. Manager may revise the Operating Budget from time to time, as necessary, to reflect any unpredicted significant changes, variables vaiiables or events or to include significant additional, unanticipated items of revenue and expense. Any such revision shall be submitted to Owner for approval, which approval shall not be unreasonably withheld, delayed or conditioned.
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