Common use of Payment of Administrative Expenses Clause in Contracts

Payment of Administrative Expenses. The Company will reimburse, or cause reimbursement to, the County from time to time for reasonable and necessary amounts that are customary and standard, including reasonable attorney’s fees and costs, actually incurred, or that will be actually incurred, by the County with respect to the County’s fulfillment of its obligations under the Fee Agreement and other related documents (“Transaction Documents”) in the implementation of its terms and provisions (“Administrative Expenses”). The Company will make such reimbursement of Administrative Expenses upon written request therefor, but in no event later than sixty (60) days after receiving written notice from the County specifying the nature of such expense and requesting the payment of the same. The County acknowledges that it imposes no charges in the nature of impact fees or recurring fees in connection with the incentives authorized by the Transaction Documents, and, aside from reasonable attorneys’ fees set forth below, or as may be necessitated in the future by request of the Company pertaining to matters outside of the immediate scope of this Agreement, the County anticipates (but cannot guarantee) that no out of pocket expenses in connection with the Transaction Documents and the transactions authorized hereby should arise in the future. The parties understand that counsel to the County may invoice the Company for those expenses related to the review of the Transaction Documents and all resolutions, ordinances and other documentation related thereto in an amount not to exceed $[5,000].

Appears in 2 contracts

Samples: Valorem Taxes Agreement, Valorem Taxes Agreement

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Payment of Administrative Expenses. The Company will reimburse, or cause reimbursement to, the County from time to time for reasonable and necessary amounts that are customary and standard, including reasonable attorney’s fees and costs, actually incurred, or that will be actually incurred, by the County with respect to the County’s fulfillment of its obligations under the this Fee Agreement and other related documents (“Transaction Documents”) in the implementation of its terms and provisions (“Administrative Expenses”). The Company will make such reimbursement of Administrative Expenses upon written request therefor, but in no event later than sixty (60) days after receiving written notice from the County specifying the nature of such expense and requesting the payment of the same. The County acknowledges that it imposes no charges in the nature of impact fees or recurring fees in connection with the incentives authorized by the Transaction Documentsthis Fee Agreement, and, aside from reasonable attorneys’ fees set forth below, or as may be necessitated in the future by request of the Company pertaining to matters outside of the immediate scope of this Agreement, the County anticipates (but cannot guarantee) that no out of pocket expenses in connection with the Transaction Documents this Fee Agreement and the transactions authorized hereby should arise in the future. The parties understand that counsel to the County may invoice the Company for those expenses related to the review of the Transaction Documents this Agreement and all resolutions, ordinances and other documentation related thereto in an amount not to exceed $2,500. [5,000Signatures appear on follow pages].

Appears in 2 contracts

Samples: Infrastructure Credit Agreement, Infrastructure Credit Agreement

Payment of Administrative Expenses. The Company will reimburse, or cause reimbursement to, the County from time to time for reasonable and necessary amounts that are customary and standard, including reasonable attorney’s fees and costs, actually incurred, or that will be actually incurred, by the County with respect to the County’s fulfillment of its obligations under the Fee this Amended Agreement and other related documents (“Transaction Documents”) in the implementation of its terms and provisions (“Administrative Expenses”). The Company will make such reimbursement of Administrative Expenses upon written request therefor, but in no event later than sixty (60) days after receiving written notice from the County specifying the nature of such expense and requesting the payment of the same. The County acknowledges that it imposes no charges in the nature of impact fees or recurring fees in connection with the incentives authorized by the Transaction Documentsthis Amended Agreement, and, aside from reasonable attorneys’ fees set forth below, or as may be necessitated in the future by request of the Company pertaining to matters outside of the immediate scope of this Amended Agreement, the County anticipates (but cannot guarantee) that no out of pocket expenses in connection with the Transaction Documents this Amended Agreement and the transactions authorized hereby should arise in the future. The parties understand that counsel to the County may invoice the Company for those expenses related to the review of the Transaction Documents this Amended Agreement and all resolutions, ordinances and other documentation related thereto thereto, including but not limited to that certain fee in lieu of tax agreement between the County and Project Desperado dated , 2017, in an amount not to exceed $5,000. [5,000Signatures appear on the following pages].

Appears in 1 contract

Samples: Credit Agreement

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Payment of Administrative Expenses. The Company will reimburse, or cause reimbursement to, the County from time to time for reasonable and necessary amounts that are customary and standard, including reasonable attorney’s fees and costs, actually incurred, or that will be actually incurred, by the County with respect to the County’s fulfillment of its obligations under the Fee this Amended Agreement and other related documents (“Transaction Documents”) in the implementation of its terms and provisions (“Administrative Expenses”). The Company will make such reimbursement of Administrative Expenses upon written request therefor, but in no event later than sixty (60) days after receiving written notice from the County specifying the nature of such expense and requesting the payment of the same. The County acknowledges that it imposes no charges in the nature of impact fees or recurring fees in connection with the incentives authorized by the Transaction Documentsthis Amended Agreement, and, aside from reasonable attorneys’ fees set forth below, or as may be necessitated in the future by request of the Company pertaining to matters outside of the immediate scope of this Amended Agreement, the County anticipates (but cannot guarantee) that no out of pocket expenses in connection with the Transaction Documents this Amended Agreement and the transactions authorized hereby should arise in the future. The parties understand that counsel to the County may invoice the Company for those expenses related to the review of the Transaction Documents this Amended Agreement and all resolutions, ordinances and other documentation related thereto thereto, including but not limited to that certain fee in lieu of tax agreement between the County and the Company dated March 7, 2017, in an amount not to exceed $5,000. [5,000Signatures appear on the following pages].

Appears in 1 contract

Samples: Credit Agreement

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