Common use of Limited Reimbursement of Expenses Clause in Contracts

Limited Reimbursement of Expenses. The Company shall, or shall cause the Operating Company to reimburse the Members and their respective agents or representatives for all direct, actual, reasonable, verifiable, out-of-pocket incidental costs and expenses incurred by them with Third Parties which are incurred by the Members in connection with the acquisition and financing of the Property and the preparation and negotiation of this Agreement and the documents required hereunder (which costs and expenses shall expressly not include, the structuring of the investment by the Members and their respective Affiliates), which shall not exceed _________ for Managing Member and _____________ for Non-Managing Member, or (b) are directly attributable to the business of the Company and/or the Operating Company and are incurred for and on behalf of the Company and/or the Operating Company, in accordance with an Approved Budget. It is expressly understood that the Company shall not be responsible for, or reimburse any of, the salaries or other compensation of such Member’s employees, or any general or administrative overhead of any Member, including, but not limited to, rent. Without waiving the effect of the foregoing provisions, the Members hereby authorize and direct the Company to cause the following to be paid or reimbursed, as costs and expenses of the Company: (i) the fees and costs of the law firms of Xxxxx & Lardner LLP, and DLA Piper and the accounting firm of Deloitte and Touche LLP, which represented the interest of Managing Member in connection with this transaction; (ii) the fees and costs of the law firms of Xxxxxxx Xxxxxx, P.A. and Xxxxxx Xxxxxxx Xxxxxxxxx & Xxxx, PLLC, which represented the interests of the Non-Managing Member in connection with this transaction.

Limited Reimbursement of Expenses. The Company shall, or shall cause the Operating Company to reimburse the Members and their respective agents or representatives for all direct, actual, reasonable, verifiable, out-of-pocket incidental costs and expenses incurred by them with Third Parties which are incurred by the Members in connection with the acquisition and financing of the Property and the preparation and negotiation of this Agreement and the documents required hereunder (which costs and expenses shall expressly not include, the structuring of the investment by the Members and their respective Affiliates)hereunder, which shall not exceed _________ for Managing Member and _____________ for Non-Managing Memberthe amounts set forth in the Owner Portfolio Agreement, or (b) are directly attributable to the business of the Company and/or the Operating Company and are incurred for and on behalf of the Company and/or the Operating Company, in accordance with an Approved Budget. It is expressly understood that the Company shall not be responsible for, or reimburse any of, the salaries or other compensation of such Member’s employees, or any general or administrative overhead of any Member, including, but not limited to, rent. Without waiving the effect of the foregoing provisions, the Members hereby authorize and direct the Company to cause the following to be paid or reimbursed, as costs and expenses of the Company: (i) the fees and costs of the law firms of Xxxxx Fxxxx & Lardner Lxxxxxx LLP, and DLA Piper and the accounting firm of Deloitte and Touche LLP, which represented the interest of Managing Member in connection with this transaction; (ii) the fees and costs of the law firms of Xxxxxxx Xxxxxx, P.A. Cxxxxx Xxxxxxxx Lxxxxx Xxxxxx LLP and Xxxxxx Xxxxxxx Xxxxxxxxx & Bxxxx Xxxx, PLLC, which represented the interests of the Non-Managing Member in connection with this transaction.

Limited Reimbursement of Expenses. The Company shall, or shall cause the Operating Company to reimburse the Members and their respective agents or representatives for all direct, actual, reasonable, verifiable, out-of-pocket incidental costs and expenses incurred by them with Third Parties which are incurred by the Members in connection with the acquisition and financing of the Property and the preparation and negotiation of this Agreement and the documents required hereunder (which costs and expenses shall expressly not include, the structuring of the investment by the Members and their respective Affiliates)hereunder, which shall not exceed _________ $600,000 for Managing Member and _____________ $200,000 for Non-Managing Member, or (b) are directly attributable to the business of the Company and/or the Operating Company and are incurred for and on behalf of the Company and/or the Operating Company, in accordance with an Approved Budget. It is expressly understood that the Company shall not be responsible for, or reimburse any of, the salaries or other compensation of such Member’s employees, or any general or administrative overhead of any Member, including, but not limited to, rent. Without waiving the effect of the foregoing provisions, the Members hereby authorize and direct the Company to cause the following to be paid or reimbursed, as costs and expenses of the Company: (i) the fees and costs of the law firms of Xxxxx Fxxxx & Lardner Lxxxxxx LLP, and DLA Piper and the accounting firm of Deloitte and Touche LLP, which represented the interest of Managing Member in connection with this transaction; (ii) the fees and costs of the law firms of Xxxxxxx Xxxxxx, P.A. Cxxxxx Xxxxxxxx Lxxxxx Xxxxxx LLP and Xxxxxx Xxxxxxx Xxxxxxxxx & Bxxxx Xxxx, PLLC, which represented the interests of the Non-Managing Member in connection with this transaction.

Limited Reimbursement of Expenses. The Company shall, or shall cause the Operating Company to reimburse the Members and their respective agents or representatives for all direct, actual, reasonable, verifiable, out-of-pocket incidental costs and expenses incurred by them with Third Parties which are incurred by the Members in connection with the acquisition and financing of the Property and the preparation and negotiation of this Agreement and the documents required hereunder (which costs and expenses shall expressly not include, the structuring of the investment by the Members and their respective Affiliates)hereunder, which shall not exceed _________ for Managing Member and _____________ for Non-Managing Memberthe amounts set forth in the Owner Portfolio Agreement, or (b) are directly attributable to the business of the Company and/or the Operating Company and are incurred for and on behalf of the Company and/or the Operating Company, in accordance with an Approved Budget. It is expressly understood that the Company shall not be responsible for, or reimburse any of, the salaries or other compensation of such Member’s employees, or any general or administrative overhead of any Member, including, but not limited to, rent. Without waiving the effect of the foregoing provisions, the Members hereby authorize and direct the Company to cause the following to be paid or reimbursed, as costs and expenses of the Company: (i) the fees and costs of the law firms of Xxxxx & Lardner Xxxxxxx LLP, and DLA Piper and the accounting firm of Deloitte and Touche LLP, which represented the interest of Managing Member in connection with this transaction; (ii) the fees and costs of the law firms of Xxxxxxx Xxxxxx, P.A. Xxxxxx Xxxxxxxx Xxxxxx Xxxxxx LLP and Xxxxxx Xxxxxxx Xxxxxxxxx & Xxxxx Xxxx, PLLC, which represented the interests of the Non-Managing Member in connection with this transaction.

Limited Reimbursement of Expenses. The Company shall, or shall cause the Operating Company to reimburse the Members and their respective agents or representatives for all direct, actual, reasonable, verifiable, out-of-pocket incidental costs and expenses incurred by them with Third Parties which are incurred by the Members in connection with the acquisition and financing of the Property and the preparation and negotiation of this Agreement and the documents required hereunder (which costs and expenses shall expressly not include, the structuring of the investment by the Members and their respective Affiliates)hereunder, which shall not exceed _________ $600,000 for Managing Member and _____________ $200,000 for Non-Managing Member, or (b) are directly attributable to the business of the Company and/or the Operating Company and are incurred for and on behalf of the Company and/or the Operating Company, in accordance with an Approved Budget. It is expressly understood that the Company shall not be responsible for, or reimburse any of, the salaries or other compensation of such Member’s employees, or any general or administrative overhead of any Member, including, but not limited to, rent. Without waiving the effect of the foregoing provisions, the Members hereby authorize and direct the Company to cause the following to be paid or reimbursed, as costs and expenses of the Company: (i) the fees and costs of the law firms of Xxxxx & Lardner Xxxxxxx LLP, and DLA Piper and the accounting firm of Deloitte and Touche LLP, which represented the interest of Managing Member in connection with this transaction; (ii) the fees and costs of the law firms of Xxxxxxx Xxxxxx, P.A. Xxxxxx Xxxxxxxx Xxxxxx Xxxxxx LLP and Xxxxxx Xxxxxxx Xxxxxxxxx & Xxxxx Xxxx, PLLC, which represented the interests of the Non-Managing Member in connection with this transaction.