Non-Reimbursable Costs. Except as otherwise specifically provided for in this Agreement, the following expenses or costs incurred by or on behalf of Glenborough in connection with the Services shall be at the sole cost and expense of Glenborough and shall not be reimbursed by Rancon, unless Rancon has consented in writing to such expense or cost, which consent may be given or withheld in Rancon’s sole and absolute discretion: 4.8.1 Cost of gross salaries and wages, payroll taxes, insurance, workers compensation and other benefits of Glenborough’s own office personnel. 4.8.2 Cost of entertainment except as related to the promotion or marketing of the Property or to investor, broker and tenant relations.
Appears in 4 contracts
Samples: Property Management and Services Agreement, Property Management and Services Agreement (Rancon Realty Fund Iv), Property Management and Services Agreement (Rancon Income Fund I)
