Common use of Limitations on Reimbursement of Expenses Clause in Contracts

Limitations on Reimbursement of Expenses. In addition to the compensation paid to the Advisor pursuant to Section 3, the Company shall reimburse the Advisor for all expenses of the Company incurred by the Advisor as well as the actual cost of goods and services used for or by the Company and obtained from entities not affiliated with the Advisor. No reimbursement shall be permitted for services for which the Advisor is entitled to compensation by way of a separate fee. Excluded from the allowable reimbursement shall be:

Limitations on Reimbursement of Expenses. In addition to the compensation paid to the Advisor pursuant to Section 3, the Company Advisee shall reimburse the Advisor for all expenses of the Company Advisee incurred by the Advisor as well as the actual cost of goods and services used for or by the Company Advisee and obtained from entities not affiliated with the Advisor. No reimbursement shall be permitted for services for which the Advisor is entitled to compensation by way of a separate fee. Excluded from the allowable reimbursement shall be: