Expenses/Costs. The Parties agree to pay all their own costs and expenses in connection with this Agreement.
Expenses/Costs. (a) Manager shall be responsible for all costs and expenses of Manager not directly associated with its performance of the Services and its duties and obligations hereunder, including, but not limited to, the costs and expenses listed on Schedule 2 or any other costs or expenses specifically allocable to Manager hereunder. Owner hereby acknowledges and agrees that subject to the foregoing sentence, to the extent that the following costs and expenses are incurred, such costs and expenses shall be the responsibility of Owner, and not of Manager, hereunder, in each case to the extent included in the Approved Annual Business Plan and Budget (subject to Permitted Variances), or that are otherwise consented to by Owner in writing:
(i) Operating expenses of each Property, as outlined in the Approved Annual Business Plan and Budget (subject to Permitted Variances) and incurred through renting, servicing, maintaining or repairing each Property, including, but not limited to, labor costs associated with repairs, gas, water, electricity, sewer and other utilities not separately metered or directly addressed to the Tenants of each Property, and such other expenses in connection with the Properties as may be authorized by Owner, and all such operating expenses shall be reimbursed to Manager if advanced and shall be separate and apart from payment of the Fees;
(ii) Real estate taxes, assessments, personal property taxes or charges and any other taxes or assessment levied against any Property;
(iii) Costs to correct any violation of federal, state, county and municipal laws, ordinances, regulations, and orders relative to the leasing, use condition, operation, repair and maintenance of the Properties, or relative to the rules, regulations or orders of the local board of fire underwriters or other similar body, or the requirements of any insurance policy covering any Property, so long as such violations were not caused by the gross negligence, fraud, willful misconduct or criminal act of Manager or any of its employees or agents;
(iv) Costs of collection of delinquent rentals;
(v) Costs and expenses relating to Manager’s shared service center, accounts payable and procurement, revenue management and any substitute on-site personnel assigned to or required at any Property (typically referred to by Manager as “fire fighters”);
(vi) Costs and expenses relating to advertising and marketing the Properties in accordance with the terms of this Agreement;
(vii) Costs of supplies ...
Expenses/Costs. The Company shall reimburse the Employee for all reasonable and necessary business expenses incurred by him in the performance of his duties hereunder, in accordance with Company policies and procedures, as they may be amended from time to time and subject to submission of proper documentation of each expense. Such business expenses will include the Employee’s (a) living cost (including hotel or apartment rental and car rental) incurred in the San Diego area, (b) travel cost (Business or First Class air travel) from Maryland to the Company’s offices (“Commuting Cost”), and (c) secretarial support and miscellaneous office costs at Employee’s residence in Maryland and when traveling away from such residence. Simultaneously with the execution of this Agreement, the Company has advanced Twenty-Five Thousand Dollars ($25,000) to Employee for Commuting Costs (the “Advance”). Employee will advise the Company in writing when the unused portion of the Advance is Ten Thousand Dollars ($10,000) or less, and the Company shall promptly advance funds to Employee to increase the Advance to $25,000, to the extent that continuing to advance funds for commuting costs does not constitute an improper loan to the Employee pursuant to the provisions of the Xxxxxxxx-Xxxxx Act, regulations promulgated thereunder or otherwise violate applicable federal, state or local laws. This process shall be repeated, without limit, during the term of this Agreement. If the Employee determines to move his principal residence to the San Diego, California, area, the Company will provide the Employee with relocation reimbursement and assistance equal to or better than the then most favorable provisions for any employee.
Expenses/Costs. 9.1.1. The Platform expenses will comprise:
9.1.1.1. Administrative Costs, including :
9.1.1.1.1. costs incurred by the Secretariat in performing its obligations hereunder;
9.1.1.1.2. remuneration of the Secretariat;
9.1.1.1.3. remuneration of the Trustee;
9.1.1.1.4. remuneration of external experts; and
9.1.1.1.5. remuneration of external accountants, auditors, lawyers;
9.1.1.2. Study Costs, including
9.1.1.2.1. expenses related to the use of Studies or Information provided by the Platform Members (financial value of a Study): The Steering Committee shall approve the financial value of an existing Study made available by a Party pursuant to this Agreement on the basis of an evaluation of the scientific quality and relevance of the Study in relation to the achievement of the purpose of the Platform. The Steering Committee may take into account the actual cost or the replacement value of the Studies, including the Administrative cost of preparing and implementing the testing programme;
9.1.1.2.2. expenses related to the procurement of new Studies and Information decided by the Steering Committee;
9.1.1.2.3. expenses related to Studies or Information licensed from third parties;
9.1.1.3. costs of joint submission of Core Data.
9.1.2. Platform expenses shall not include any charges against the Platform for any overhead expenses or charges of the offices of the Platform Members or their Affiliates for time which may be expended in connection with the activities of the Platform by any of the Platform Members or their officers, employees or representatives or of their Affiliates, except as may be approved by the Steering Committee (excluding the representative of the interested Party).
Expenses/Costs. Each Party shall be responsible for its own costs and expenses, including attorneys’ fees and court costs, incurred in connection with this Agreement or with the Litigation.
Expenses/Costs. The Law Firm shall advance any and all costs on the Client’s behalf at its sole discretion. These expenses or costs may include experts necessary to act or testify on Client’s behalf in order toresolve the claim. Client shall not be responsible for the payment of any expenses or costs. If a recovery is made onthe Client’s behalf via a global settlement which is inclusive of all attorney’s fees and cost, thenthe expenses or costs shall be deducted from the global settlement. In the event a separate awardor settlement of the attorney’s fees and court costs is made, the expenses and court costs shall bededucted directly from that separate amount.
Expenses/Costs. Each party shall pay its own expenses and costs in connection with the negotiation, execution, delivery and performance of this Option Agreement.
Expenses/Costs. In discharging its responsibilities under this Agreement, the Agent shall not make any expenditure nor incur any non-recurring contractual obligation exceeding $1000.00 without the prior consent of the Association. It is understood that the following expenses are not included within the services or included in Management Fees: Photocopies: $.25 per page (does not include color copies); envelopes, Postage with 10% surcharge; long distance telephone, telex and other communication exact cost per bill submitted; materials and supplies which become the property of the Association - exact cost per bill submitted. All costs or expenses incurred by the Agent shall be reimbursed to Agent within 15 days of receipt of written request from Agent along with all receipts or documentation evidence such costs or expenses.
Expenses/Costs. IB shall be compensated for pre-approved standard out-of-pocket costs, such as travel, lodging, shipping, photocopies, etc., upon presentation to the Company, and only after the Company’s pre-approval on any scheduled trips, meetings, expenses, etc.
Expenses/Costs. Except as otherwise specifically provided in this Agreement, each Party to this Agreement shall bear its own expenses in connection with the sale and purchase of the New Securities Company Shares, the Related Company Shares and the Related Assets, including the Demergers and preparation and execution of this Agreement. The Sellers, on the one hand, and the Purchaser, on the other hand, shall each bear one-half of (i) the costs associated with the relocation of any Related Personnel or Citi Seconded Personnel and (ii) the costs associated with the separation of any shared systems among the Sellers, on the one hand, and the Purchaser, the New Securities Company or any Group Company, on the other hand, provided that the Purchaser’s share of such costs shall not exceed ¥2.0 billion in the aggregate. The Parties will establish a transition committee to oversee the relocation and separation process and agree upon procedures to monitor and control the expense thereof. The fees and expenses of the Independent Accounting Firm, if one is required, shall be borne by the Sellers if the Adjusted Combined Net Assets as determined by the Independent Accounting Firm is equal to or lower than the Adjusted Combined Net Assets calculated by the Purchaser; and by the Purchaser if Adjusted Combined Net Assets as determined by the Independent Accounting Firm is higher than the Adjusted Combined Net Assets calculated by the Purchaser.
