Common use of Budget Updates Clause in Contracts

Budget Updates. The Annual Budget for a year shall be updated on or about the first day of July of such year by Consultant to reflect any changes indicated by the actual results of operations, and such update shall be submitted to the Manager promptly thereafter. Manager shall provide Consultant with such information as Consultant reasonably requires concerning Manager's operations in order to satisfy Consultant's obligations under this Section 4.2.

Budget Updates. The Annual Budget for a year shall be updated on or about the first day of July of such year by Consultant Manager to reflect any changes indicated by the actual results of operations, and such update shall be submitted to the Manager Owner promptly thereafter. Manager shall provide Consultant with such information as Consultant reasonably requires concerning Manager's operations in order to satisfy Consultant's obligations under this Section 4.2.