Administration Expense Sample Clauses
The Administration Expense clause defines which costs incurred in managing and administering a contract or project are considered reimbursable or allowable. Typically, this clause outlines specific types of administrative expenses, such as office supplies, salaries of administrative staff, or overhead charges, and may set limits or conditions for their reimbursement. Its core practical function is to clarify which administrative costs can be charged to the contract, thereby preventing disputes and ensuring transparency in financial management.
Administration Expense. Seller agrees to reimburse Pinnacle, on demand for all Administrative Expenses incurred by Pinnacle in connection with (i) protecting Pinnacle’s interest in the Contract and the Finance Vehicle; and (ii) enforcement of the provisions of this Agreement, including, without limitation, (a) to commence, defend or intervene in any litigation or to file a petition, complaint, motion, answer, or other pleadings; and (b) to take any other action in or with respect to any suit or proceeding, including, without limitation, any bankruptcy proceeding.
Administration Expense. The Participant shall pay the District an administration fee (“Annual Fee”) determined by a unit assessment of $2,264.00 for each acre-foot of Replacement Credit. The Annual Fee of $24,904.00 is due and payable with the Rental. The Annual Fee may be increased annually based on the United States Bureau of Labor Statistics Consumer Price Index for Denver/Aurora/Lakewood or successor index. Additionally, the Annual Fee may also be adjusted from time to time at the discretion of the District. The Parties acknowledge that the Annual Fee will change over time and that the intent of this Lease is that the Participant shall reimburse the District for the reasonable costs incurred by the District in the administration of this Lease and the Augmentation Plan, including without limitation, costs incurred in accounting for the delivery of Replacement Water