Standard of Performance; Acting within Budget. In performing its obligations under this Agreement, Manager shall use its reasonable best efforts and act in good faith and with professionalism in accordance with the Annual Budgets and the prevailing standards of the senior and assisted living industry in the geographic area in which the Facility is located.
Appears in 4 contracts
Samples: Assignment and Assumption Agreement (Brookdale Living Communities Inc), Management Agreement (Brookdale Living Communities Inc), Management Agreement (Brookdale Living Communities Inc)
Standard of Performance; Acting within Budget. In performing its obligations under this Agreement, Manager shall use its commercially reasonable best efforts and act in good faith and with professionalism in accordance with the Annual Budgets and the prevailing standards of the senior and assisted living office building industry in the geographic area in which the Facility is located.
Appears in 2 contracts
Samples: Management Agreement (Prime Group Realty Trust), Management Agreement (Prime Group Realty Trust)
Standard of Performance; Acting within Budget. In performing its obligations under this Agreement, Manager shall use its reasonable best efforts and act in good faith and with professionalism in accordance with the Annual Budgets and the prevailing standards of the senior and assisted living adult-care facilities industry in the geographic each area in which the a Facility is locatedlocated and in accordance with applicable law.
Appears in 1 contract
Samples: Interim Management Services Agreement (Kapson Senior Quarters Corp)
