Company Formation Expenses. Buyer shall pay or cause to be paid on behalf of the Company, the Company Formation Expenses pursuant to invoices or payoff letters in form and substance acceptable to Buyer.
Company Formation Expenses. A. All fees incurred in the formation of the Company, the Company’s Articles of Organization, and the Operating Agreement shall be deemed Company expenses and shall be paid out of Company funds. To the extent that any Member has incurred such Company expenses, Company shall reimburse such Member out of Company funds upon approval by the Members.
B. All fees, costs, and expenses incurred in obtaining the approval of the Company for the issuance of a non-restricted gaming license and such fees, costs and expenses for the licensing of the individual Members for non-restricted gaming shall be an expense of the Company, up to the sum of $5,000.00 for each Member. Each individual Member shall be responsible for and pay its individual gaming fees, costs, and expenses, including attorneys’ fees, incurred in obtaining licensing to the extent that the same exceed $5,000.00 for each Member. To the extent that the Company shall have advanced any such expenses for any Member, the Member shall promptly, upon demand by Manager, reimburse the Company for all such expenses.
Company Formation Expenses. All fees incurred in the formation of the Company, the Company’s Articles of Organization, and the Operating Agreement shall be deemed Company expenses and shall be paid out of Company funds. To the extent that the Member has incurred such Company expenses, Company shall reimburse the Member out of Company funds.
