G&A Services Expense Reimbursement; Procedures Sample Clauses

G&A Services Expense Reimbursement; Procedures. (a) Subject to and in accordance with the terms and provisions of this Section 2 and such reasonable allocation and other procedures as may be agreed upon by Oasis and the General Partner from time to time, the MLP hereby agrees to reimburse Oasis for all direct and indirect costs and expenses incurred by the Oasis Entities in connection with the provision of the G&A Services to the MLP Group, including the following: (i) any payments or expenses incurred for insurance coverage, including allocable portions of premiums, and negotiated instruments (including surety bonds and performance bonds) provided by underwriters with respect to the MLP Assets or the business of the MLP Group; (ii) the costs associated with salaries, bonuses, other compensation and employment benefits and expenses of personnel employed by the Oasis Entities who render G&A Services to the MLP Group, plus general and administrative expenses associated with such personnel; provided, however that any expenses paid or reimbursed by the MLP Group with respect to a plan that is self-insured by any of the Oasis Entities will reflect actual costs incurred rather than premiums paid; and (iii) all expenses and expenditures incurred by the Oasis Entities as a result of the MLP becoming and continuing as a publicly traded entity, including costs associated with annual, quarterly and current reporting, tax return and Schedule K-1 preparation and distribution, independent auditor fees, partnership governance and compliance, registrar and transfer agent fees and director compensation; it being agreed, however, that to the extent any reimbursable costs or expenses incurred by the Oasis Entities consist of an allocated portion of costs and expenses incurred by the Oasis Entities for the benefit of both the MLP Group and the other Oasis Entities, such allocation shall be made on a reasonable cost reimbursement basis as determined by Oasis. (b) The MLP Group will reimburse the Oasis Entities monthly for all cash expenditures that the Oasis Entities incur or payments the Oasis Entities make on behalf of the MLP Group in connection with providing the G&A Services, as well as for certain other direct or allocated costs and expenses incurred by the Oasis Entities on behalf of the MLP Group. ▇▇▇▇▇▇▇▇ and payments may be accomplished by inter-company accounting procedures and transfers. The MLP shall have the right to review all source documentation concerning the liabilities, costs and expenses upon reasonable...