Common use of Approval of the Development Plan Clause in Contracts

Approval of the Development Plan. Within 15 days of the acknowledged receipt of the Development Plan, the FCRE OP Member shall provide to the Day-to-Day Manager with either their approval of the Development Plan, or comments and proposed changes to the Development Plan; (i) In the event that FCRE OP Member provides the Day-to-Day Manager with comments and changes to the Development Plan, FCRE OP Member and Day-to-Day Manager shall have 10 days from receipt of such comments and proposed changes to, in good faith and through the use of commercially reasonable efforts, negotiate a mutually agreed upon Development Plan, and such process shall continue until such time as the Board shall approve the mutually agreed upon Development Plan;