CALCULATIONS OF EXPENSES. The Manager shall prepare a statement documenting the Expenses during each fiscal quarter, and shall deliver such statement to the Company within 30 days after the end of each fiscal quarter. Expenses shall be reimbursed by the Company and the TRS to the Manager no later than the 15th Business Day immediately following the date of delivery of such statement; provided, however, that such reimbursements may be offset by the Manager against amounts due to the Company and the Subsidiaries. The provisions of this Section 11 shall survive the expiration or earlier termination of this Agreement.
Appears in 5 contracts
Samples: Management Agreement (Colony Financial, Inc.), Management Agreement (Colony Financial, Inc.), Management Agreement (Colony Financial, Inc.)
CALCULATIONS OF EXPENSES. The Manager shall prepare a statement documenting the Expenses during each fiscal quarter, and shall deliver such statement to the Company within 30 days after the end of each fiscal quarter. Expenses shall be reimbursed by the Company and the TRS Subsidiaries to the Manager no later than the 15th Business Day immediately following the date of delivery of such statement; statement; provided, however, that such reimbursements may be offset by the Manager against amounts due to the Company and or the Subsidiaries. The provisions of this Section 11 shall survive the expiration or earlier termination of this Agreement.
Appears in 4 contracts
Samples: Management Agreement (Jernigan Capital, Inc.), Management Agreement (Jernigan Capital, Inc.), Management Agreement (Jernigan Capital, Inc.)
CALCULATIONS OF EXPENSES. The Manager shall prepare a statement documenting the Expenses during each fiscal quarter, and shall deliver such statement to the Company within 30 days after the end of each fiscal quarter. Expenses shall be reimbursed by the Company and the TRS to the Manager no later than the 15th Business Day fifth business day immediately following the date of delivery of such statement; provided, however, that such reimbursements may be offset by the Manager against amounts due to the Company and the Subsidiaries. The provisions of this Section 11 10 shall survive the expiration or earlier termination of this Agreement.
Appears in 2 contracts
Samples: Management Agreement (Invesco Mortgage Capital Inc.), Form of Management Agreement (Invesco Mortgage Capital Inc.)
CALCULATIONS OF EXPENSES. The Manager shall prepare a statement documenting the Expenses of the Company and the Expenses incurred by the Manager on behalf of the Company during each fiscal quarter, and shall deliver such statement to the Company within 30 60 days after the end of each fiscal quarter. Expenses incurred by the Manager on behalf of the Company shall be reimbursed by the Company and the TRS to the Manager no later than the 15th Business Day in cash 15 days immediately following the date of delivery of such statement; provided, however, that such reimbursements may be offset by the Manager against amounts due to the Company and the SubsidiariesCompany. The provisions of this Section 11 10 shall survive the expiration or earlier termination of this Agreement.
Appears in 2 contracts
Samples: Management Agreement (GSC Capital Corp), Management Agreement (GSC Capital Corp)
CALCULATIONS OF EXPENSES. The Manager shall prepare a statement documenting the Expenses during each fiscal quarter, and shall deliver such statement to the Company within 30 days after the end of each fiscal quarter. Expenses shall be reimbursed by the Company and the TRS Subsidiaries to the Manager no later than the 15th Business Day immediately following the date of delivery of such statement; provided, however, that such reimbursements may be offset by the Manager against amounts due to the Company and or the Subsidiaries. The provisions of this Section 11 shall survive the expiration or earlier termination of this Agreement.
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