Expense Amount Distributions Sample Clauses

The "Expense Amount Distributions" clause defines how expenses are allocated and distributed among the parties involved in an agreement. Typically, this clause outlines the specific method or formula for dividing costs, such as proportionally based on ownership shares or according to a predetermined schedule. It may also specify the timing and process for reimbursement or payment of expenses. The core function of this clause is to ensure transparency and fairness in handling shared costs, thereby preventing disputes over financial responsibilities.
Expense Amount Distributions. The Partnership shall distribute any Expense Amount to the General Partner at such times as the General Partner shall determine in its sole discretion (an “Expense Amount Distribution”).
Expense Amount Distributions. The Partnership shall distribute any Expense Amount to the Initial General Partner at the times set forth in any Expense Allocation Agreement.