Common use of BUYER'S OVERHEAD COSTS Clause in Contracts

BUYER'S OVERHEAD COSTS. As consideration for the grant of the Option, Buyer is responsible for paying its own overhead expenses associated with the Development Management Services furnished to Seller pursuant to this Section. Overhead as used herein specifically includes salaries and payroll expenses of Buyer's employees in directing, administering and supervising development of the Property; all employee bonuses; the services of the project manager and support staff necessary to process and implement the Development Plan; general legal and accounting fees; all transportation costs; and the operating expenses of Buyer's home and branch offices such as rent, utilities, insurance, stationery, office machines and supplies and other office related expenses. Buyer is not entitled to any fee or compensation for performing the Development Management Services, even if Buyer does not exercise the Option or Close on any Lots.

BUYER'S OVERHEAD COSTS. As consideration for the grant of the Option, Buyer is responsible for paying its own overhead expenses associated with the Development Management Services furnished to Seller pursuant to this Section. Overhead as used herein specifically includes salaries and payroll expenses of Buyer's employees in directing, administering and supervising development of the Property; all employee bonuses; the services of the project manager and support staff necessary to process and implement the Development Plan; general legal and accounting fees; all transportation costs; and the operating expenses of Buyer's home and branch offices such as rent, utilities, insurance, stationery, office machines and supplies and other office related expenses. Buyer is not entitled to any fee or compensation for performing the Development Management Services, even if Buyer does not exercise the Option or Close on any LotsLots or Development Outlots.