Corporate Overhead all sums expended by a Person (a) in paying salaries and bonuses to officers of such Person, (b) in reimbursing officers of such Person for usual and customary business expenses incurred in the ordinary course of business for business travel and reasonable accounting, office and secretarial expense incurred by them on behalf of such Person, and (c) in paying other legal, accounting, auditing, office, administrative and other expenses of such Person which are not allocable to or incurred directly in the acquisition, disposition or operation of the Stations or in connection with the Loans.
Corporate Overhead. The Guarantor will cause each of the Borrowers to, maintain the manner and allocation of such Person's corporate overhead and expense as between such Persons and its Affiliates consistent with the past practices of the Borrowers and are as set forth on Schedule 8.17 hereto.
Corporate Overhead. All costs associated with the operation of the business of the entity which constitutes “Landlord” or “Landlord’s managing agent” (as distinguished from the costs of the operations of the Project), including but not limited to, Landlord’s or Landlord’s managing agent’s general corporate overhead and general administrative expenses, legal, risk management, and corporate and/or partnership accounting and legal costs, mortgages, debt costs or other financing charges, asset management fees, administrative fees, any costs that would normally be considered included in a management fee (e.g., property accounting charges, local area network and wide area network charges, travel expenses for company meetings or training, etc.), placement/recruiting fees/costs for employees whether they are assigned to the Project or not, employee training programs, real estate licenses and other industry certifications, health/sports club dues, employee parking and transportation charges, tickets to special events, costs of any business licenses regardless if such costs are considered a form of real estate tax, costs of bringing and defending any lawsuits, costs of selling, syndicating, financing, mortgaging or hypothecating any of Landlord’s interests in the Project, bad debt loss, rent loss or any reserves thereof, and costs incurred in connection with any disputes between Landlord and/or Landlord’s management agent and their employees and providers of goods and services to the Project;
Corporate Overhead. Amounts payable by a Subsidiary to the Borrower in respect of reasonable accounting, legal and other general expenses applicable to the operation of the Borrower and its Subsidiaries, which expenses are not specifically related to the operation of a Station. Damaged Property. See Section 6.02.
Corporate Overhead. In order to best take advantage of the experience, expertise and economies of scale which each of the Partners can provide to the Joint Venture, the Partners may, where necessary and appropriate, utilize the services of employees of each of the Partners to provide services to the Joint Venture instead of hiring new employees specifically for the Joint Venture. As such, a portion of each of Commodore's and Casino's overhead related to the services it provides to the Joint Venture will be charged to the Joint Venture, at cost, with the amounts proposed to be charged set forth in the proposed Budget submitted to the Management Committee by the CEO each year and as may be approved by such Management Committee. In addition, each Partner will be reimbursed by the Joint Venture for all out-of-pocket monies expended on behalf of the Joint Venture, to be budgeted and approved by the Joint Venture's Management Committee in advance. The Partners anticipate that these costs will relate primarily to marketing costs and management staff, and reimbursement for advances made in connection with formation and operation of the Joint Venture. Without limitation of the foregoing, Casino shall be reimbursed by the Joint Venture for a portion of the salary and benefits of a senior Person who will be assigned to oversee and coordinate the operations and marketing of the Joint Venture's casino.
Corporate Overhead. Owner shall pay Contractor a fixed percentage markup on Hourly Rates for Work satisfactorily performed by Contractor, as further defined in Schedule J-1 (“Corporate Overhead”). Corporate Overhead shall be payable every two (2) weeks for the applicable amount calculated as set forth in Schedule J-1. The Corporate Overhead shall not be subject to adjustment except as specified Schedule J-1.
Corporate Overhead. 4.1 Owner shall pay Contractor an amount calculated at a fixed, five percent (5%) markup on Allowable Costs for Work satisfactorily performed by Contractor (“Corporate Overhead”). The Corporate Overhead is not subject to escalation for any reason, and is subject to adjustment only under the express provisions of this Agreement. Corporate Overhead is intended to reimburse Contractor for all indirect expenses required by the Project and shall be deemed to include:
(a) general corporate management and general services performed off-Site including security, janitorial, maintenance, human resources, business development, legal, general purchasing, general accounting (e.g. financial accounting, book keeping, payroll and field staff payroll, disbursements and similar activities), employee relations and reception, together with supporting secretarial, clerical and word processing involved in operating the Contractor’s office premises including corporate and functional staff;
(b) supply of head office communications, including reproduction and printing, mail, messengers and couriers, facsimile services, telephone service and rental and usage costs;
(c) all computing resources and services required to support the performance of the Work, including the provision and usage of all necessary computer hardware and software;
(d) all convenience copies and associated supplies required to support the performance of the Work by Contractor, including the provision and usage of all necessary copier services and repairs;
(e) all costs of the preparation of Contractor’s procedures, methods etc., and training and similar activities;
(f) costs internal to the Contractor in connection with subcontracting any elements of the Work, including management of Subcontractor;
(g) off-site corporate and office space, standard office furnishings, common spaces, and associated utilities for Contractor personnel including rent, rates, heating, lighting, power, security, maintenance and common parts;
(h) costs of corporate insurances other than those insurances expressly stated as reimbursable under Table J-1; and
Corporate Overhead. For any period, that portion of the cash overhead expenses of the Borrower and its Subsidiaries on a consolidated basis, for such period which are not directly allocable to the operations of any of the Stations and other operating assets of the Borrower and its Subsidiaries, calculated on a basis consistent with past financial statements of the Borrower, including, without duplication, the amount of salaries and bonuses paid to the management of the Borrower.
Corporate Overhead. Subject to SECTION 9.03, the Companies shall not pay Corporate Overhead which exceeds (a) $4,600,000 in the aggregate during Fiscal Year ending December 31, 1998, or (b) in each subsequent Fiscal Year, an amount equal to one hundred five percent (105%) of the aggregate maximum amount permitted to. be paid hereunder during the preceding Fiscal Year.
Corporate Overhead. EBITDA shall be determined without any special allocation of corporate overhead or headquarters expense of the Buyer.
