Expense Reimbursement to the Manager. Costs and expenses incurred by the Manager on behalf of the Fund or its subsidiaries shall be reimbursed in cash monthly to the Manager within five (5) Business Days of receipt by the Fund 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 Fund.
Appears in 6 contracts
Samples: Management Services Agreement (Multi-Housing Income REIT, LLC), Management Services Agreement (Multi-Housing Income REIT, Inc.), Management Services Agreement (Concreit Fund I LLC)
Expense Reimbursement to the Manager. Costs and expenses incurred by the Manager on behalf of the Fund Company or its subsidiaries shall be reimbursed in cash monthly to the Manager within five (5) Business Days of receipt by the Fund 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 Fund.Company. P a g e | 7
Appears in 3 contracts
Samples: Management Services Agreement (Nv Reit LLC), Management Services Agreement (Nv Reit LLC), Management Services Agreement (Nv Reit LLC)
