Expense Reimbursement to the Manager. Costs and expenses incurred by the Manager on behalf of the REIT or its subsidiaries shall be reimbursed in cash monthly to the Manager within five (5) Business Days of receipt by the REIT from the Manager of a statement of such costs and expenses. Cost and expense reimbursement to the Manager shall be subject to adjustment at the end of each calendar year in connection with the annual audit of the REIT.
Appears in 15 contracts
Samples: Management Agreement (Armour Residential REIT, Inc.), Management Agreement (Armour Residential REIT, Inc.), Management Agreement (Armour Residential REIT, Inc.)
Expense Reimbursement to the Manager. Costs and expenses incurred by the Manager on behalf of the REIT Company or its subsidiaries shall be reimbursed in cash monthly to the Manager within five (5) Business Days of receipt by the REIT Company from the Manager of a statement of such costs and expenses. Cost and expense reimbursement to the Manager shall be subject to adjustment at the end of each calendar year in connection with the annual audit of the REITCompany.
Appears in 9 contracts
Samples: Management Services Agreement (Value Add Growth REIT IV, LLC), Management Services Agreement (Value Add Growth REIT IV, LLC), Management Services Agreement (FundRebel Dean, LLC)
