Consortium Expenses Clause Samples

The Consortium Expenses clause defines how costs incurred by the consortium as a whole are managed and allocated among its members. Typically, this clause outlines which types of expenses are considered consortium expenses—such as administrative fees, joint project costs, or shared resources—and specifies the method for dividing these costs, whether equally or based on each member's participation or benefit. Its core function is to ensure transparency and fairness in cost-sharing, preventing disputes and clarifying financial responsibilities within the consortium.
Consortium Expenses. All expenses applicable to the Consortium as a whole, as set forth in Section 11.3.
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Consortium Expenses. The Parties shall bear the Consortium expenses jointly taking the expenses detailed under paragraph (2) into consideration.
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Consortium Expenses. Consortium Expenses, including but not limited to expenses for independent contractors, legal counsel, in-service trainings, and similar costs and expenses shall be shared equally between the Members. The Chair shall obtain the Board’s approval before incurring any expenses exceeding $500.00 per member or some other amount as approved by the Board. Consortium Expenses may be incurred and paid as follows: (a) The Chair may authorize a Member or multiple Members to pay a Consortium Expense in its entirety, and then have said Member(s) issue invoices or requests for reimbursement to the other Members that did not pay the Consortium Expense directly in their proportionate share. The Member(s) that pays the Consortium Expense shall issue invoices or requests for reimbursement within sixty (60) days of paying the Consortium Expense, and shall attach sufficient backup information to support the payment, including the total amount paid and the amount of the Members’ proportionate shares. (b) The Chair may issue invoices or requests for payment from each Member and collect said payments before incurring the Consortium Expense. The Chair should support all invoices and requests for payment with the vendor’s quote or estimate for the total cost, along with the Members’ proportionate shares of said Consortium Expense. Upon receiving all payments, the Chair can issue payment directly to the vendor. If the Consortium does not pay the Consortium Expense or is left with a surplus, the Chair shall issue reimbursements to the Members unless otherwise directed by the Board. (c) Upon approval from the Board, the Chair may open a checking account with a bank or other financial institution to use as an operating account for the Consortium. In the event the Consortium opens an account under this section, the Board will elect a treasurer to manage the Consortium’s financial account and obligations, and to report to the Members on the Consortium’s financial condition. (d) The Consortium shall only have the ability to require annual assessments for Members if approved by the Board. (e) The Chair and Secretary shall keep records of all Consortium Expenses from the Effective Date onward.
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Consortium Expenses 
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Related to Consortium Expenses

  • FUNERAL EXPENSES The City shall expend a sum not to exceed $30,000 for funeral expenses to the heirs of any employee covered by this MOU who dies while on active duty from injuries incurred while performing his/her job or who dies as a direct cause of such injuries. This amount includes the amount already available for this purpose in accordance with California State Labor Code Section 4701.

  • CLAIM EXPENSES The Reinsurer will pay its share of reasonable claim investigation and legal expenses connected with the litigation or settlement of contractual liability claims unless the Reinsurer has discharged its liability pursuant to Section 9.4 above. If the Reinsurer has so discharged its liability, the Reinsurer will not participate in any expenses incurred thereafter. The Reinsurer will not reimburse the Ceding Company for routine claim and administration expenses, including but not limited to the Ceding Company's home office expenses, compensation of salaried officers and employees, and any legal expenses other than third party expenses incurred by the Ceding Company. Claim investigation expenses do not include expenses incurred by the Ceding Company as a result of a dispute or contest arising out of conflicting claims of entitlement to policy proceeds or benefits.

  • Professional Expenses Each calendar year during the Employment Term, the Company agrees to reimburse the Executive for up to $10,000 of reasonable professional expenses (i.e., accounting, financial planning, estate planning expenses) incurred by the Executive during such year for personal advice rendered to the Executive.

  • Litigation Expenses If either party successfully seeks to enforce any provision of this Agreement or to collect any amount claimed to be due under it, this party will be entitled to reimbursement from the other party for any and all of its out-of-pocket expenses and costs including, without limitation, reasonable attorneys' fees and costs incurred in connection with the enforcement or collection.

  • Costs, Expenses and Legal Fees Whether or not the transactions contemplated hereby are consummated, each party hereto shall bear its own costs and expenses (including attorneys' fees), except that each party hereto agrees to pay the costs and expenses (including reasonable attorneys' fees and expenses) incurred by the other parties in successfully (a) enforcing any of the terms of this Agreement or (b) proving that another party breached any of the terms of this Agreement.