Revision of Development Budget. Any revision to the Development Budget shall require the prior written approval of Owner in Owner’s sole discretion; provided, however, that Developer is authorized, without approval of Owner, to reallocate savings in any Budget Category to another Budget Category and to revise the Development Budget accordingly.
Appears in 3 contracts
Sources: Development Agreement, Development Agreement (Bluerock Residential Growth REIT, Inc.), Development Agreement (Bluerock Residential Growth REIT, Inc.)