Development Management. Generally, and so long as the T-9 Developer Member shall be a Member of the Company, but at all times subject to the terms hereof and to the direction of the Board, the day-to-day management of the development of the T-9 Project shall be vested with the T-9 Developer Member (also referred to as the “Day-to-Day Manager”) who shall be responsible for the implementation of, and execution of, the development plans of the Company for the T-9 Project at the expense of the Company, and its Subsidiaries, in each case pursuant to and in accordance with the Approved Business Plan(s) and Approved Budget(s) prepared by the Manager and approved by the Board.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (First Capital Real Estate Trust Inc), Interest Contribution Agreement (First Capital Real Estate Trust Inc)