Common use of Budget for First Operating Year Clause in Contracts

Budget for First Operating Year. Owner has received a copy of ------------------------------- Agent's Budget Summary for 1998 ("1998 Budget"). Agent shall manage the Property consistent with and subject to the cost limitations set forth in such 1998 Budget.

Budget for First Operating Year. Owner has received a copy of ------------------------------- Agent's Budget Summary for 1998 1999 ("1998 1999 Budget"). Agent shall manage the Property consistent with and subject to the cost limitations set forth in such 1998 1999 Budget.