Operating and Management Expenses Sample Clauses

Operating and Management Expenses. The General Partner shall be reimbursed by the Partnership monthly for any reasonable and necessary expenses incurred by the General Partner on behalf of the Partnership in providing Cellular Service plus reasonable and necessary administrative and general overhead expenses, including, but not limited to, marketing, maintenance, message charges, facilities, engineering, customary legal, accounting and auditing fees, development and implementation of billing procedures, expense of preparing tax returns and reports, taxes, travel, office rent, telephone, salaries (including social security, relief, pensions and other benefits), and other incidental business expenses incurred by the General Partner on behalf of the Partnership in connection with the provision of Cellular Services. The General Partner or any affiliate thereof shall not be entitled to any profit in rendering such services to the Partnership, as described in this paragraph, it being understood that the General Partner or any affiliate thereof will be entitled to its proportionate allocated share of Income and Losses as provided in Article VI. Expenses incurred prior to the date of the formation of the Partnership, except as stated in Section 5.3 below, shall not be reimbursed.
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Operating and Management Expenses. The General Partner shall be reimbursed by the Partnership monthly or such other longer periods as it deems appropriate for any reasonable and necessary expenses incurred by the General Partner on behalf of the Partnership in performing the General Partner’s duties on behalf of the Partnership. To the extent funds are expended by the General Partner that are to be reimbursed to the General Partner by the Partnership, the same shall be treated as a loan or loans from the General Partner to the Partnership in accordance with Section 7.1(4), with the loan commencing at the time of expenditure and terminating at the time of reimbursement. With the exception of monies paid to the General Partner pursuant to Section 4.5, the General Partner shall not receive any additional profit on payments on account of services or assets furnished by the General Partner to the Partnership other than such profit as the General Partner may receive by way of the General Partner’s proportionate allocated share of income or losses as provided in Article VI.
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Operating and Management Expenses. The General Partner shall be reimbursed by the Partnership monthly or such other longer periods as it deems appropriate for any reasonable and necessary expenses incurred by the General Partner on behalf of the Partnership. To the extent funds are expended by the General Partner that are to be reimbursed to the General Partner by the Partnership, the same shall be treated as a loan or loans from the General Partner to the Partnership in accordance with Section 7.1(4), with the loan commencing at the time of expenditure and terminating at the time of reimbursement. With the exception of monies paid to the General Partner pursuant to Section 4.5, the General Partner shall not receive any Formatted: Font: Times New Roman, 8 pt Formatted: Tab stops: 3", Centered + 6", Right + Not at 0.73" Partner’s proportionate allocated share of income and losses as provided in Article VI. additional payments on account of services or assets furnished by the General Partner to the Partnership other than such profit as the General Partner may receive by way of the General
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Operating and Management Expenses. (1) Operating and management expenses incurred by the Landlord through the intended use of the rental property described in Clause 1 (1) are to be borne pro rata by the Tenant, in particular including the expenditure formulated in Appendix 3 to Clause 27 of the II Charging Regulation, to the extent that they are actually incurred in the rental property, for:
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Operating and Management Expenses. The General Partner shall be reimbursed by the Partnership monthly beginning the month after the earlier of when the initial Capital Contribution was made or due, in accordance with Section 5.1, for any reasonable and necessary expenses incurred by the General Partner on behalf of the Partnership from the effective date of this Agreement in providing Cellular Service plus reasonable and necessary administrative and general overhead expenses, including, but not limited to, marketing, maintenance, message charges, facilities, engineering, customary legal, accounting and audit fees, development and implementation of billing procedures, expenses of preparing tax returns and reports, taxes, travel, office rent, telephone, salaries (including social security, relief, pensions and other benefits), cost of capital, and other incidental business expenses incurred by the General Partner on behalf of the Partnership in connection with the provision of Cellular Service. The General Partner shall not be entitled to any profit in rendering such services to the Partnership, as described in this paragraph, it being understood that the General Partner will be entitled to its proportionate allocated share of income and losses as provided in Article VI. Expenses incurred prior to the date of this Agreement shall not be reimbursed.
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Operating and Management Expenses. The System Manager shall be reimbursed by the Partnership monthly, or at such other longer periods as the Partnership deems appropriate, for any reasonable and necessary expenses incurred by the System Manager on behalf of the Partnership in providing Cellular Service in accordance with the terms of this Partnership Agreement, plus reasonable and necessary administrative and general overhead expenses, including, but not limited to, marketing, maintenance, message charges, facilities, engineering, data processing, legal, accounting and audit fees, development and implementation of billing procedures, expenses of preparing tax returns and reports, taxes, travel, office rent, telephone, salaries (including social security, relief, pensions and other benefits) and other incidental business expenses incurred by the System Manager on behalf of the Partnership in connection with the provision of Cellular Service in accordance with the terms of this Partnership Agreement. To the extent funds are expended by the System Manager which are to be reimbursed to it by the Partnership, the same shall be treated as a loan from the System Manager to the Partnership, bearing interest at a per annum rate no greater than the System Manager's composite cost of money from time to time, with the loan commencing thirty (30) days after the date of billing to the Partnership and terminating at the date of reimbursement.
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Related to Operating and Management Expenses

  • Owner’s Expenses Except as otherwise specifically provided, all costs and expenses incurred hereunder by Manager in fulfilling its duties to Owner shall be for the account of and on behalf of Owner. Such costs and expenses shall include the wages and salaries and other employee-related expenses of all on-site and off-site employees of Manager who are engaged in the operation, management, maintenance and leasing or access control of the Properties, including taxes, insurance and benefits relating to such employees, and legal, travel and other out-of-pocket expenses that are directly related to the management of specific Properties. All costs and expenses for which Owner is responsible under this Management Agreement shall be paid by Manager out of the Account. In the event the Account does not contain sufficient funds to pay all said expenses, Owner shall fund all sums necessary to meet such additional costs and expenses.

  • Advisory and Management Arrangements Subject to the requirements of applicable law as in effect from time to time, the Trustees may in their discretion from time to time enter into advisory, administration or management contracts (including, in each case, one or more sub-advisory, sub-administration or sub-management contracts) whereby the other party to any such contract shall undertake to furnish such advisory, administrative and management services with respect to the Trust as the Trustees shall from time to time consider desirable and all upon such terms and conditions as the Trustees may in their discretion determine. Notwithstanding any provisions of this Declaration, the Trustees may authorize any advisor, administrator or manager (subject to such general or specific instructions as the Trustees may from time to time adopt) to exercise any of the powers of the Trustees, including to effect investment transactions with respect to the assets on behalf of the Trust to the full extent of the power of the Trustees to effect such transactions or may authorize any officer, employee or Trustee to effect such transactions pursuant to recommendations of any such advisor, administrator or manager (and all without further action by the Trustees). Any such investment transaction shall be deemed to have been authorized by all of the Trustees.

  • Operating Costs The Assuming Institution agrees, during its period of use of any Leased Data Management Equipment, to pay to the Receiver or to appropriate third parties at the direction of the Receiver all operating costs with respect thereto and to comply with all relevant terms of any existing Leased Data Management Equipment leases entered into by the Failed Bank, including without limitation the timely payment of all rent, taxes, fees, charges, maintenance, utilities, insurance and assessments.

  • Property Management Borrower will provide for professional management of the Mortgaged Property by the Property Manager at all times under a property management agreement approved by Lender in writing. Borrower will not surrender, terminate, cancel, modify, renew or extend its property management agreement, or enter into any other agreement relating to the management or operation of the Mortgaged Property with Property Manager or any other Person, or consent to the assignment by the Property Manager of its interest under such property management agreement, in each case without the consent of Lender, which consent will not be unreasonably withheld.

  • Professional Expenses Each calendar year during the Employment Term, the Company agrees to reimburse the Executive for up to $10,000 of reasonable professional expenses (i.e., accounting, financial planning, estate planning expenses) incurred by the Executive during such year for personal advice rendered to the Executive.

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