Formation Costs. The costs entailed in establishing the UCITS and the initial issue of shares are levied to the assets of the UCITS over five years.
Formation Costs. Any organizational expenses of the UCITS will be allocated on a pro-rata basis and amortized over the first five years of the UCITS’ existence by the Sub-Funds launched at the time of formation. Any organizational expenses for any new Sub-Fund will be amortized over the first five years by that Sub-Fund.
Formation Costs. (a) Each Member shall bear his own expenses in connection with his consideration of an investment in the Fund and his acquisition of Units, including without limitation the fees of any attorney, financial advisor, or other consultant, except as this Agreement may otherwise expressly provide.
(b) The Fund shall pay for or reimburse the initial Member for all other expenses of formation of every nature and description including, without limitation, reproduction, printing and stenographic costs, filing, recording and qualifying fees, taxes and costs of legal publication, expenses of registration, qualification or obtaining exemptions under any federal or state securities laws and legal and accounting fees incident to the formation of the Fund and the offering and sale of Units.
Formation Costs. All costs of organizing and offering interests in the Partnership, including: printing expenses; legal and accounting fee and expenses; salary and employee benefits, travel, filing, mailing and other expenses incurred by the Managing General Partner or the Partnership in connection therewith or in connection with the formation of the Partnership; the registration and qualification of interests therein for offer and sale under applicable securities laws; the preparation of all related documents and offering materials; and escrow fees. Formation Costs shall not include any amounts payable to broker-dealers as selling commissions or amounts paid to the Dealer Manager in connection with managing the offering.
Formation Costs. The Partners agree that the legal fees incurred by each of the Partners in connection with the negotiation, preparation and execution of this Agreement, the Amphitheater Contribution Agreements, the Promotion Agreement and the T.B.
A. Marketing Agreement are reasonable and necessary costs related to the formation of the Partnership and shall be reimbursed by the Partnership to each of the Partners.
Formation Costs. (a) The Company shall be responsible and shall repay Investor and the AIMCO Managing Member for (collectively, the "Formation Expenses") all mutually agreed, reasonably incurred out-of-pocket costs, expenses and fees associated with the organization and formation of the Company, the contribution of the Capital Contributions, and the Members' due diligence review in connection therewith, including, without limitation, legal fees and expenses, transfer taxes, title insurance fees and premiums, fees and costs for income and expense audits, travel, environmental and engineering consultants and reports, credit reports, appraisals, preparation of legal documentation and investigations, and other out-of-pocket expenses relating to credit and collateral evaluations and approved by the Members, but specifically excluding costs and expenses relating to lender consents to the transactions contemplated hereby, which costs and expenses the AIMCO Members shall bear (if any), other than for those set forth on Schedule 2.10(a) attached hereto, the cost of which the Company shall bear.
(b) Upon receipt of invoices therefor, the Company shall pay the filing, recording and other similar fees in connection with the formation of the Company and any Subsidiaries, including the fees and other expenses incurred in connection with qualifying the Company and its Subsidiaries in all jurisdictions where qualification is required by applicable Governmental Requirements.
Formation Costs. 6 ARTICLE II
Formation Costs. All costs and expenses incurred with respect to the formation of the Company shall be borne by the Company.
Formation Costs. All costs and expenses of the formation of NEWCO shall, to the extent the same are not incurred or assumed by NEWCO, be borne equally by the parties hereto. Expenses incurred by each party up to time of execution of this Agreement, including travel expenses and legal fees, shall be borne by the party so incurring such expenses.
Formation Costs. All preliminary and floatation expenses of the Fund including expenses incurred in connection with the establishment and authorization of the Fund, including execution and registration of the Constitutive Documents, issue, legal costs, printing, circulation and publication of the Offering Document, and all expenses incurred during and up to the Initial Offering Period subject to a maximum of one per cent of pre-IPO capital of the Fund or Rupees five million, whichever is lower, shall be borne by the Fund subject to the audit of expenses and amortized over a period of not less than five years or within the maturity of the Fund whichever is lower. This cost shall be reimbursable by a collective investment scheme to an AMC subject to the audit of expenses. The Formation Cost shall be reported by the Management Company to the Commission and the Trustee giving their break-up under separate heads, as soon as the distribution of the securities is completed
