Common use of Annual Budget; Business Plan Clause in Contracts

Annual Budget; Business Plan. Subject to Section 2.01(c)(xi) cause the Company or its Subsidiaries deviate from, amend or replace the Business Plan or deviate from, amend or replace the Annual Budget (including the Renovation Budget), except as provided in Section 2.10 below. A failure by the Hotel Manager to comply with or exceed the Annual Budget shall not be deemed to be a breach by Manager under this Section 2.02(a).

Annual Budget; Business Plan. Subject to Section 2.01(c)(xi) 2.01(b)(xi), cause the Company or its Subsidiaries to deviate from, amend amend, update or replace the Business Plan or deviate from, amend amend, update or replace the Annual Budget (including the Renovation Budget), except as provided in Section 2.10 below. A failure by the Hotel Manager to comply with or exceed the Annual Budget shall not be deemed to be a breach by Manager under this Section 2.02(a).

Annual Budget; Business Plan. Subject to Section 2.01(c)(xi2.01(c)(iv) cause the Company or its Subsidiaries to deviate from, amend amend, update or replace the Business Plan or deviate from, amend amend, update or replace the Annual Budget (including subject to the Renovation BudgetPermitted Variance), except as provided in Section 2.10 below. A failure by the Hotel Manager to comply with or exceed the Annual Budget shall not be deemed to be a breach by Manager under this Section 2.02(a).

Annual Budget; Business Plan. Subject to Section 2.01(c)(xi2.01(c)(iii) cause the Company or its Subsidiaries to deviate from, amend amend, update or replace the Business Plan or deviate from, amend amend, update or replace the Annual Budget (including subject to the Renovation BudgetPermitted Budget Variance), except as provided in Section 2.10 below. A failure by the Hotel Manager to comply with or exceed the Annual Budget shall not be deemed to be a breach by Manager under this Section 2.02(a).

Annual Budget; Business Plan. Subject to Section 2.01(c)(xi2.01(b)(xi) cause the Company or its Subsidiaries to deviate from, amend amend, update or replace the Business Plan or deviate from, amend amend, update or replace the Annual Budget (including the Renovation Budget), except as provided in Section 2.10 below. A failure by the Hotel Manager to comply with or exceed the Annual Budget shall not be deemed to be a breach by Manager under this Section 2.02(a).