Reasonable Estimate Only Sample Clauses

Reasonable Estimate Only. The Authority recognizes that the Pre-Opening Budget will be prepared well in advance of the Commencement Date and is intended only to be a reasonable estimate, subject to variation due to a number of factors, some of which will be outside of Manager’s control (e.g. the time of completion, inflationary factors and varying conditions for the goods and services required). The Authority agrees that the Pre-Opening Budget may be modified from time to time, subject to approval of the Operations Board in accordance with the procedure established by Section 4.11.3 of this Agreement for adjustments to the Annual Business Plan, Annual Operating Budget and Annual Capital Budget.

Reasonable Estimate Only. Owner recognizes that the Pre-Opening Budget will be prepared well in advance of the Commencement Date and is intended only to be a reasonable estimate, subject to variation due to a number of factors, some of which will be outside of Project Manager’s control (e.g. the time of completion, inflationary factors and varying conditions for the goods and services required). Owner agrees that the Pre-Opening Budget may be modified from time to time, subject to approval of Owner in accordance with the procedure established by Section V.C.5 of this Agreement for adjustments to the Annual Operating Plan.