Common use of General Operations Clause in Contracts

General Operations. Tenant shall, or Manager, at Tenant's direction shall, furnish to Landlord, not less than seventy-five (75) days after the commencement of any Fiscal Year (or thirty (30) days after the Commencement Date in the case of the first Fiscal Year during the Term), or at such earlier time as Manager may be obligated to furnish to any other owner of a Marriott managed property, proposed annual budgets in a form consistent with the then standards for the same brand of hotels as the Hotel setting forth projected income and costs and expenses projected to be incurred by Tenant in managing, leasing, maintaining and operating the Hotel during the then current Fiscal Year or portion thereof if this Agreement commences or ends during a Fiscal Year. In addition, at Landlord's request, Tenant, and Manager at Tenant's direction, shall meet with Landlord on a quarterly basis to discuss the Reserve Estimate, the Building Estimate, the annual budgets and any other items related to the operation of the Hotel, which Landlord wishes to discuss.