Common use of Approval of Owner Clause in Contracts

Approval of Owner. Notwithstanding anything contained in this Agreement to the contrary, where any matter set forth in this Agreement requires the “approval of Owner” (or words of similar meaning), then (A) so long as General Partner is the general partner of Owner, such approval shall be deemed given unless Owner notifies Development Manager in writing that such approval is not given, and (B) in the event General Partner is no longer the general partner of Owner, then such matter shall be deemed approved by Owner if approved by Owner’s then-current general partner.