Annual Plan. (a) At least forty-five (45) days prior to the commencement of each Operating Year (except the first Operating Year), Manager shall submit to Owner for Owner’s written approval the Annual Plan for the following Operating Year. Manager shall submit an interim operating budget for the first Operating Year within thirty (30) days after the Effective Date, with such interim operating budget to include a cash forecast and Manager’s estimate of the Gross Revenues and operating expenses of the Project for the first Operating Year.
Appears in 4 contracts
Samples: Management Agreement (Capital Lodging), Management Agreement (Capital Lodging), Management Agreement (Capital Lodging)
Annual Plan. (a) At least forty-five thirty (4530) days prior to the commencement of each Operating Year (except the first Operating Year), Manager shall submit to Owner for Owner’s 's written approval the Annual Plan for the following Operating Year. Manager shall submit an interim operating budget the Annual Plan for the first Operating Year not less than sixty (60) days prior to the Opening Date. Manager shall submit a preliminary estimate of its Annual Plan for the first Operating Year within thirty (30) days after the Effective Date, with such interim operating budget to include a cash forecast and Manager’s estimate of the Gross Revenues and operating expenses of the Project for the first Operating Yearexecution hereof.
Appears in 2 contracts
Samples: Management Agreement (Wyndham Hotel Corp), Management Agreement (Homegate Hospitality Inc)
Annual Plan. (a) At least forty-five thirty (4530) days prior to the commencement of each Operating Year (except the first Operating Year), Manager shall submit to Owner for Owner’s 's written approval the Annual Plan for the following Operating Year. Manager shall submit an interim operating budget the Annual Plan for the first Operating Year within thirty sixty (3060) days after the Effective Date, with such interim operating budget to include a cash forecast and Manager’s estimate of the Gross Revenues and operating expenses of the Project for the first Operating Year.
Appears in 1 contract
Samples: Management Agreement (El Conquistador Partnership Lp Se)
Annual Plan. (a) At least forty-five sixty (4560) days prior to the commencement of each Operating Year (except the first Operating Year), Manager shall submit to Owner for Owner’s 's written approval the Annual Plan for the following Operating Year. Manager shall submit an interim operating budget the Annual Plan for the first Operating Year within thirty sixty (3060) days after the Effective Date, with such interim operating budget to include a cash forecast and Manager’s estimate of the Gross Revenues and operating expenses of the Project for the first Operating Year.
Appears in 1 contract
