Expense Calculation Clause Samples
The Expense Calculation clause defines how costs and expenses are determined and allocated between the parties under the agreement. It typically outlines the specific types of expenses covered, the method for calculating or reimbursing those expenses, and any limitations or documentation required for claims. By establishing clear rules for expense handling, this clause helps prevent disputes over payments and ensures transparency in financial dealings between the parties.
Expense Calculation. Direct line kilometers are determined by calculating the distance in a direct line from the circumference of the Free Zone to the location where the employee is required to report for work, along a straight line drawn from the center of the Free Zone to the work location. This distance shall then be multiplied by two (2) to cover both directions, calculated to the nearest kilometer according to the rules of approximation.
Expense Calculation. The expense shall be calculated by Regen, and Subtenant’s pro rata share shall be invoiced to Subtenant on a monthly basis. Subtenant shall owe and pay to Regen its pro-rata share of the Expense, such Expense to be calculated as follows: actual monthly Operating Expenses billed to Regen by the Master Landlord, plus actual monthly operating expenses incurred by Regen (including, without limitation, all Operating Expenses actually incurred by Regen), but not billed by the Master Landlord, in relation to the Master Premises rented by Regen pursuant to the Master Lease. Notwithstanding anything to the contrary contained in this Fourth Amendment, Subtenant shall not be obligated to pay any monthly operating expenses or Operating Expense not applicable to the Subleased Premises. The monthly expenses referred to herein will include estimates of expenses reasonably anticipated to be incurred by Regen but not billed by Master Lessor and Operating Expenses for such period, which will be adjusted at the end of each year according to the Master Lease. Once the adjustments are received from the Master Landlord, Regen shall provide a revised statement to Subtenant showing such adjustments, together with, as appropriate, (i) an invoice for the remaining amount due from Subtenant to Regen or (ii) a check for the refund amount due from Regen to Subtenant. All such monthly invoices will be paid by Subtenant, together with the next monthly Rent payment, and in no event later than thirty (30) days after receipt by Subtenant of such invoices.
Expense Calculation. All operating expenses incurred in connection with RFSCIL by ResCap will be posted in accordance with ResCap’s normal accounting and control procedures. At the end of each month, ResCap will charge to RFSCIL a percentage (the “Allocation Factor”) of the expenses recorded in the cost center(s) listed on Exhibit A attached hereto (the “Allocated Expenses”) for that calendar month. RFSCIL will pay ResCap for such expenses on a monthly basis for the preceding month. The Allocation Factor set forth above, as adjusted from time to time in accordance with this Agreement, is estimated to reflect all operating expenses related to the business of RFSCIL. The expense allocation will be recorded in the specific expense categories (e.g. salaries, occupancy, etc) when that level of detail is readily available.
Expense Calculation. All operating expenses incurred by ResCap will be posted in accordance with ResCap’s normal accounting and control procedures. At the end of each month, ResCap will charge to RFS a percentage (the “Allocation Factor”) of the expenses recorded in the cost center(s) listed on Exhibit A attached hereto (the “Allocated Expenses”) for that calendar month. RFS will pay ResCap for such expenses on a monthly basis for the preceding month. The Allocation Factor set forth above, as adjusted from time to time in accordance with this Agreement, is estimated to reflect all operating expenses related to the business of RFS.