Common use of Expenses to be Borne by Agent Clause in Contracts

Expenses to be Borne by Agent. Unless otherwise provided in the Approved Operating Budget or Section 4.01(b) below, expenses incurred in rendering all overall supervisory, management and recordkeeping and other services to be rendered by Agent in connection with the operations of the Property shall be borne by Agent and not charged to Owner. Without limiting the generality of the foregoing provisions of this section, the following expenses and costs incurred by and/or on behalf of Agent shall be at the sole cost and expense of Agent and shall not be reimbursed by Owner:

Appears in 7 contracts

Samples: Management Accounting Services Agreement (KBS Legacy Partners Apartment REIT, Inc.), Account Services Agreement (KBS Legacy Partners Apartment REIT, Inc.), Account Services Agreement (KBS Legacy Partners Apartment REIT, Inc.)

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