Owner's Decisions definition
Owner's Decisions means events over which Owner has control, either by being able to direct Manager's decisions or by having rights of approval, including by way of example and not by way of limitation, decisions and approvals respecting Budgets and capital spending, rejection of lease proposals and strategic decisions about lease terms.
Examples of Owner's Decisions in a sentence
In addition to the termination rights in the preceding paragraph, Owner shall have the right to terminate this Agreement if (i) for any period of 14 consecutive months, the Properties are Underperforming, and (ii) the principal reason that the Properties are Underperforming is the Manager's Dereliction rather than either the Owner's Decisions or Market Events.