Common Investor Reporting Reimbursement Sample Clauses

Common Investor Reporting Reimbursement. In the event that the Common Investor is required to be a “public reporting company” pursuant to the Exchange Act, and the Company is not required a “public reporting company”, then the Company shall reimburse, as an expense reimbursement and not as a distribution, the Common Investor an amount equal to $200,000 annually (the “Common Investor Reporting Reimbursement”) prior to making any distributions pursuant to Section 4.1.
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Common Investor Reporting Reimbursement. In the event that the Common Investor is required to register a class of securities pursuant to Section 12(b) or Section 12(g) of the Exchange Act or to register as an investment company under the Investment Company Act, the Company shall reimburse the Common Investor, as an expense reimbursement and not as a distribution, (i) if the Company has not registered a class of its securities pursuant to Section 12(b) or Section 12(g) of the Exchange Act , an amount equal to $400,000 annually, or (ii) if the Company has registered a class of its securities pursuant to Section 12(b) or Section 12(g) of the Exchange Act, an amount of up to $400,000 annually based on expenses actually incurred by the Common Investor in connection with its status as a public reporting entity, with reasonably satisfactory evidence thereof provided to the Company (as applicable, the “Common Investor Reporting Reimbursement”) prior to making any distributions pursuant to Section 4.1. Such Common Investor Reporting Reimbursement shall be paid to the Common Investor on or before December 31, of each calendar year. 57
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Related to Common Investor Reporting Reimbursement

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  • Business Expense Reimbursement During the Term of employment, the Executive shall be entitled to receive proper reimbursement for all reasonable, out-of-pocket expenses incurred by the Executive (in accordance with the policies and procedures established by the Company for its senior executive officers) in performing services hereunder, provided the Executive properly accounts therefore.

  • Monthly Disbursements On or before the fifth (5th) day of each calendar month, during the design and construction of the Tenant Improvements (or such other date as Landlord may designate), Tenant shall deliver to Landlord: (i) a request for reimbursement of amounts paid to the “Contractor,” as that term is defined in Section 4.1.1 of this Tenant Work Letter, approved by Tenant, in a commercially reasonable form to be provided by Landlord, showing the schedule, by trade, of percentage of completion of the Tenant Improvements in the Premises, detailing the portion of the work completed and the portion not completed; (ii) invoices from all of “Tenant’s Agents,” as that term is defined in Section 4.1.2 of this Tenant Work Letter, for labor rendered and materials for the Premises; (iii) executed mechanic’s lien releases, as applicable, from all of Tenant’s Agents which shall comply with the appropriate provisions, as reasonably determined by Landlord, of California Civil Code Section 3262(d); and (iv) all other information reasonably requested by Landlord. Tenant’s request for payment shall be deemed Tenant’s acceptance and approval of the work furnished and/or the materials supplied as set forth in Tenant’s payment request. Within forty-five (45) days thereafter, Landlord shall deliver a check to Tenant made payable to Tenant in payment of the lesser of: (A) the amounts so requested by “tenant as set forth in this Section 2.2.3.1, above (or, subject to the terms of Section 4.2.1, below, a percentage thereof), and (B) the balance of any remaining available portion of the Tenant Improvement Allowance, provided that Landlord does not dispute any request for payment based on non-compliance of any work with the “Approved Working Drawings,” as that term is defined in Section 3.5 below, or due to any substandard work. Landlord’s payment of such amounts shall not be deemed Landlord’s approval or acceptance of the work furnished or materials supplied as set forth in Tenant’s payment request.

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