Common use of CALCULATIONS OF EXPENSES Clause in Contracts

CALCULATIONS OF EXPENSES. The Manager shall prepare a statement documenting the expenses of the Company and those incurred by the Manager on behalf of the Company during each quarter and shall deliver such statement to the Company within 45 days after the end of each quarter. Expenses incurred by the Manager on behalf of the Company shall be reimbursed quarterly to the Manager within 60 days after the end of each quarter. All expenses incurred by the Manager and submitted to the Company for reimbursement shall be reviewed by the Independent Trust Managers on a quarterly basis.

CALCULATIONS OF EXPENSES. The Manager shall prepare a statement documenting the expenses Expenses of the Company and those the Expenses incurred by the Manager on behalf of the Company during each quarter calendar month, and shall deliver such statement to the Company Board of Directors within 45 20 days after the end of each quartercalendar month. Expenses incurred by the Manager on behalf of the Company shall be reimbursed quarterly by the Company to the Manager within 60 days after on the end first business day of each quarterthe month immediately following the date of delivery of such statement. All expenses incurred by The provisions of this Section 10 shall survive the Manager and submitted to the Company for reimbursement shall be reviewed by the Independent Trust Managers on a quarterly basisexpiration or earlier termination of this Agreement.