Common use of Payment for Technical Services, Borrowed Equipment and Pass-Through Services Clause in Contracts

Payment for Technical Services, Borrowed Equipment and Pass-Through Services. As and when needed by the Company, in the reasonable discretion of the Manager, the Manager may furnish or arrange for Technical Services, Borrowed Equipment and Pass-Through Services to be provided to the Company. The Company agrees to reimburse the Manager for such services on a monthly basis, payable on or before the 25th day of the following month. The Manager shall submit a written reimbursement request to the Board of Managers for review and, upon request of the Company or any of its Managers or Members, provide back-up documents and other reasonable verification for the expenses and charges being requested. The following additional provisions shall govern reimbursement for such services; provided, however, that the method for determining amounts to be paid may be modified from time to time by the Board of Managers.

Appears in 6 contracts

Samples: Asset Purchase Agreement (Armstrong Coal Company, Inc.), Formation and Transfer Agreement (Armstrong Coal Company, Inc.), Formation and Transfer Agreement (Armstrong Energy, Inc.)

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