Common use of Fees; Reimbursements Clause in Contracts

Fees; Reimbursements. On or before the fifth (5th) business day of each calendar month, the REIT shall pay FSPI an investor services fee equal to five hundred dollars ($500.00) per month in consideration of performing the services hereunder. In addition, within thirty (30) days of any written request by FSPI, the REIT shall pay the out-of-pocket expenses incurred by FSPI in performing the services hereunder on behalf of the REIT, including without limitation, all bank account fees, check stock, postage, overnight delivery charges and expenses connected with the provision of investor services and the payment of dividends to holders of the securities of the REIT. In no event shall the REIT be liable for the employment expenses of the personnel employed by FSPI in rendering the services hereunder or for overhead expenses of FSPI.

Appears in 4 contracts

Samples: Investor Services Agreement (FSP Phoenix Tower Corp), Investor Services Agreement (FSP 303 East Wacker Drive Corp.), Investor Services Agreement (FSP 50 South Tenth Street Corp)

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