Common use of Owner and Operator Clause in Contracts

Owner and Operator. acknowledge and agree the Management Agreement shall be extended for a period of twelve (12) months, such extension shall commence on January 1, 1995 and expire on December 31, 1995.

Owner and Operator. acknowledge and agree the Management Agreement shall be extended for a period of twelve (12) months, such extension shall commence on January 1, 1995 1996 and expire on December 31, 19951996.