Annual Budget
Annual Budget. Shall mean, for any period, the budget submitted to Lender and in effect for such period as provided in Section 12 hereof.
Annual Budget. An annual budget detailing all reasonable operating expenses of the Property, including, without limitation, those for maintenance, repairs, annual taxes, insurance, utilities and other annual expenses (including capital expenditures) that are standard and customary for properties similar to the Property
Annual Budget. The annual budget for the Property prepared and approved in accordance with the Management Agreement (as defined in the Mortgage) and delivered to Lender in accordance with the terms hereof
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Found in
LaSalle Hotel Properties contract