Costs and Expenses of Manager. Except as otherwise expressly provided herein, all costs and expenses incurred by or on behalf of Manager in performing its obligations hereunder shall be borne solely by Manager, including, without limitation, the following expenses or costs in connection with the operation and management of the Premises: (a) Cost of gross salary and wages, payroll taxes, insurance, worker’s compensation, pension benefits and any other benefits of Manager’s supervisory and home and regional office personnel; (b) General accounting and reporting services, as such services are considered to be within the reasonable scope of Manager’s responsibilities to Owner; (c) Cost of forms, stationery, ledgers and other supplies and equipment used in Manager’s home office or regional home office; (d) Cost or pro rata cost of telephone and general office expenses incurred on the Premises by Manager for the operation and management of properties other than the Premises; (e) Cost or pro rata cost of data-processing equipment, whether located at the Premises or at Manager’s home or regional office; (f) Cost or pro rata cost of data processing provided by computer service companies; (g) Cost of all bonuses, incentive compensation, profit sharing or any pay advances to employees employed by Manager in connection with the operation and management of the Premises, except for payments to individuals specifically approved in writing by Owner in advance; (h) Cost of automobile purchases and/or rentals, unless the automobile is being provided by Owner; (i) Costs attributable to claims, losses and liabilities arising from (i) any breach of this Agreement by Manager or (ii) the gross negligence, recklessness, willful misconduct, fraud or criminal acts of Manager’s employees, agents, contractors, subcontractors or associates; (j) Cost of comprehensive crime insurance purchased by Manager for its own account; (k) Costs for meals, travel and hotel accommodations for Manager’s home or regional office personnel who travel to and from the Premises, unless expressly authorized by Owner; and (l) Cost of obtaining and maintaining such licenses, permits, consents and authorizations as are required by Section 5.13 (b).
Appears in 2 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (KBS Strategic Opportunity REIT, Inc.)
Costs and Expenses of Manager. Except as otherwise expressly provided herein, all costs and expenses incurred by or on behalf of Manager in performing its obligations hereunder shall be borne solely by Manager (or included as part of Manager’s fees or reimbursable expenses hereunder), including, including without limitation, the following expenses or costs in connection with the operation and management of the Premisesfollowing:
(a) Cost of gross salary and wages, payroll taxes, insurance, insurance (including worker’s compensation), pension benefits and any other benefits of Manager’s supervisory and home and regional office personnel;personnel to the extent not dedicated (partially or fully) to a Property.
(b) General Standard accounting and reporting services, as described under Exhibit B, as such services are considered to be within the reasonable scope of Manager’s responsibilities to Owner;, and except for such services as are provided by persons for whom Manager is partially or fully reimbursed pursuant to this Agreement.
(c) Cost of forms, stationery, ledgers and other supplies and equipment used in Manager’s home office or regional home office;, except for such items as are specifically required for, or proprietary to, a Property.
(d) Cost or pro rata cost of telephone and general office expenses incurred on the Premises comprehensive crime insurance purchased by Manager for the operation and management of properties other than the Premises;its own account.
(e) Cost or pro rata cost of data-processing equipment, whether located at the Premises or at Manager’s home or regional office;
(f) Cost or pro rata cost of data processing provided by computer service companiescompanies not performed for a Property;
(g) Cost of all bonuses, incentive compensation, profit sharing or any pay advances to employees employed by Manager in connection with the operation operation, maintenance and management of the Premisesa Property, except for payments to individuals specifically approved in writing by Owner in advance;; or in the Approved Budget.
(h) Cost of automobile purchases and/or rentals, unless the automobile is being provided by Owner;
(i) Costs attributable to claims, losses and liabilities arising from (i) any breach of this Agreement by Manager or (ii) the gross negligence, recklessness, willful misconduct, fraud or criminal acts of Manager or Manager’s employees, agents, contractors, subcontractors or associates;
(j) Cost or pro rata cost of comprehensive crime insurance purchased telephone and general office expenses incurred on a Property by Manager for its own accountthe operation, maintenance and management of properties other than such Property;
(k) Costs for meals, travel and hotel accommodations for Manager’s home or regional office personnel who travel to and from the Premisesa Property, unless expressly authorized by Owner; and
(l) Cost of obtaining and maintaining such licenses, permits, consents and authorizations as are required by Section 5.13 (b).
Appears in 1 contract
Samples: Management Agreement (US Federal Properties Trust Inc.)
Costs and Expenses of Manager. Except as otherwise expressly provided herein, all costs and expenses incurred by or on behalf of Manager in performing its obligations hereunder shall be borne solely by Manager, including, without limitation, the following expenses or costs in connection with the operation and management of the Premises:
(a) Cost of gross salary and wages, payroll taxes, insurance, worker’s 's compensation, pension benefits and any other benefits of Manager’s 's supervisory and home and regional office personnel;
(b) General accounting and reporting services, as such services are considered to be within the reasonable scope of Manager’s 's responsibilities to Owner, including cost of any audit opinion required for the SAS 70 Type II designation referred to in Section 10.l(d);
(c) Cost of forms, stationery, ledgers and other supplies and equipment used in Manager’s 's home office or regional home office;
(d) Cost or pro rata cost of telephone and general office expenses incurred on the Premises by Manager for the operation and management of properties other than the Premises;
(e) Cost or pro rata cost of data-processing equipment, whether located at the Premises or at Manager’s 's home or regional office;
(f) Cost or pro rata cost of data processing provided by computer service companies;
(g) Cost of all bonuses, incentive compensation, profit sharing or any pay advances to employees employed by Manager in connection with the operation and management of the Premises, except for payments to individuals specifically approved in the Budget or other writing by Owner in advance;
(h) Cost of automobile purchases and/or rentals, unless the automobile is being provided by Owner;.
(i) Costs attributable to claims, losses and liabilities arising from (i) any breach of this Agreement by Manager or (ii) the gross negligence, recklessness, willful misconduct, fraud or criminal acts of Manager’s 's employees, agents, contractors, subcontractors or associates;
(j) Cost of comprehensive crime insurance purchased by Manager for its own account;
(k) Costs for meals, travel and hotel accommodations for Manager’s 's home or regional office personnel who travel to and from the Premises, unless expressly authorized by Owner; and
(l) Cost of obtaining and maintaining such licenses, permits, consents and authorizations as are required by Section 5.13 (b).
Appears in 1 contract
Samples: Consent and Subordination of Management Agreements (KBS Real Estate Investment Trust III, Inc.)
Costs and Expenses of Manager. Except as otherwise expressly provided herein, all costs and expenses incurred by or on behalf of Manager in performing its obligations obligations hereunder shall be borne solely by Manager, includingincluding, without limitation, the following expenses or costs in connection with the operation and management of the PremisesProperty:
(a) Cost of gross salary and wages, payroll taxes, insurance, worker’s 's compensation, pension benefits and any other benefits of Manager’s 's supervisory and home and regional office personnel;
(b) General Standard accounting and reporting services, as described under Exhibit B, as such services are considered to be within the reasonable scope of Manager’s 's responsibilities to Owner, and except for such services as are provided by persons for whom Manager is reimbursed pursuant to Section 9.2(a);
(c) Cost of forms, stationery, ledgers and other supplies and equipment used in Manager’s 's home office or regional home office, except for such items as are specifically required for, or proprietary to, the Property;
(d) Cost or pro rata cost of telephone and general office expenses incurred on the Premises Property by Manager for the operation and management of properties other than the PremisesProperty;
(e) Cost or pro rata cost of data-processing equipment, whether located at the Premises or at Manager’s 's home or regional office;
(f) Cost or pro rata cost of data processing provided by computer service companiescompanies not performed for the property;
(g) Cost of all bonuses, incentive compensationcompensation, profit sharing or any pay advances to employees employed employed by Manager in connection with the operation and management of the PremisesProperty, except for payments to individuals specifically approved in writing by Owner in advance;; or in the annual budget.
(h) Cost of automobile purchases and/or rentals, unless the automobile is being provided by Owner;
(i) Costs attributable to claims, losses and liabilities arising from (i) any breach of this Agreement by Manager or (ii) the gross negligence, recklessness, willful misconduct, fraud or criminal acts of Manager’s 's employees, agents, contractors, subcontractors or associates;
(j) Cost of comprehensive crime insurance purchased by Manager for its own account;
(k) Costs for meals, travel and hotel accommodations for Manager’s 's home or regional office personnel who travel to and from the PremisesProperty, unless expressly authorized by Owner; and
(l) Cost of obtaining and maintaining such licenses, permits, consents and authorizations as are required by Section 5.13 (b).
Appears in 1 contract
Samples: Management Agreement (American Realty Capital New York Recovery Reit Inc)