Common use of Administrative Fees and Other Expenses Clause in Contracts

Administrative Fees and Other Expenses. In addition to the Management Fee payable hereunder to Pemcorp, the Company agrees to reimburse Pemcorp for all traveling and other direct expenses actually and properly incurred by any employee or agent of Pemcorp in connection with fulfilling the duties and responsibilities of Pemcorp hereunder. The Company shall pay such amounts to Pemcorp on a monthly basis, forthwith upon receipt of an invoice therefore plus all related statements and vouchers.

Administrative Fees and Other Expenses. In addition to the Management Fee payable hereunder to Pemcorp, the Company agrees to reimburse Pemcorp for all traveling travelling and other direct expenses actually and properly incurred by any employee or agent of Pemcorp in connection with fulfilling the duties and responsibilities of Pemcorp hereunder. The Company shall pay such amounts to Pemcorp on a monthly basis, forthwith upon receipt of an invoice therefore therefor plus all related statements and vouchers.