Common use of Expenses of the Advisor Clause in Contracts

Expenses of the Advisor. (a) Without regard to the compensation received pursuant to Section 3, the Advisor will bear the following expenses: (i) employment expenses of the personnel employed by the Advisor, including without limitation salaries, wages, payroll taxes and the cost of employee benefit plans; and (ii) rent, telephone equipment, utilities, office furniture and equipment and machinery and other office expenses of the Advisor incurred in connection with the maintenance of any office facility of the Advisor. (b) The Company shall reimburse the Advisor within 30 days of a written request by the Advisor, for any Operating Expenses paid or incurred by the Advisor on behalf of the Company.

Appears in 5 contracts

Samples: Advisory Agreement (Franklin Finance Corp), Advisory Agreement (D&n Capital Corp), Advisory Agreement (Atlantic Preferred Capital Corp)

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Expenses of the Advisor. (a) Without regard to the compensation received pursuant to Section 3, the Advisor will bear the following expenses: (i) employment expenses of the personnel employed by the Advisor, including without limitation salaries, wages, payroll taxes and the cost of employee benefit plans; and (ii) rent, telephone equipment, utilities, office furniture and equipment and machinery and other office expenses of the Advisor incurred in connection with the maintenance of any office facility of the Advisor. (b) The Company shall reimburse the Advisor within 30 days of a written request by the Advisor, Advisor for any Operating Expenses paid or incurred by the Advisor on behalf of the Company.

Appears in 2 contracts

Samples: Advisory Agreement (Flagstar Capital Corp), Advisory Agreement (Flagstar Capital Corp)

Expenses of the Advisor. (a) Without regard to the compensation received pursuant to Section 3Article 3 hereof, the Advisor will shall bear the following expenses: (i) employment expenses of the personnel employed by the Advisor, including including, without limitation limitation, salaries, wages, payroll taxes and the cost of employee benefit plans; and (ii) rent, telephone equipment, utilities, office furniture and equipment and machinery and other office expenses of the Advisor incurred in connection with the maintenance of any office facility of the Advisor. (b) The Company shall reimburse the Advisor within 30 days of a written request by the Advisor, Advisor for any Operating Expenses paid or incurred by the Advisor on behalf of the Company.

Appears in 2 contracts

Samples: Advisory Agreement (First Republic Preferred Capital Corp), Advisory Agreement (Harris Preferred Capital Corp)

Expenses of the Advisor. (a) Without regard to the compensation received pursuant to Section 33 hereof, the Advisor will shall bear the following expenses: (i) employment expenses of the personnel employed by the Advisor, including without limitation salaries, wages, payroll taxes and the cost of employee benefit plans; and (ii) rent, telephone equipment, utilities, office furniture and equipment and machinery and other office expenses of the Advisor incurred in connection with the maintenance of any office facility of the Advisor. (b) The Company shall reimburse the Advisor within 30 days of a written request by the Advisor, Advisor for any Operating Expenses paid or incurred by the Advisor on behalf of the Company.

Appears in 1 contract

Samples: Advisory Agreement (Chevy Chase Preferred Capital Corp)

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Expenses of the Advisor. (a) Without regard to the compensation received pursuant to Section 3, the Advisor will bear the following expenses: (i) employment expenses of the personnel employed by the Advisor, including without limitation salaries, wages, payroll taxes and the cost of employee benefit plans; and (ii) rent, telephone equipment, utilities, office furniture and equipment and machinery and other office expenses of the Advisor incurred in connection with the maintenance of any office facility of the Advisor. (b) The Company shall reimburse the Advisor within 30 thirty (30) days of a written request by the Advisor, for any Operating Expenses paid or incurred by the Advisor on behalf of the Company.

Appears in 1 contract

Samples: Advisory Agreement (Capital Crossing Preferred Corp)

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