Payment of Direct Costs Sample Clauses

Payment of Direct Costs. The Corporation shall reimburse the College for salaries and fringe benefits of College employees who perform services for or otherwise assist Corporation in carrying out its purposes as set forth on Exhibit C-1. The Corporation shall also reimburse the College for postage, long-distance telephone charges, printing, and other actual expenses; provided, however, that the Corporation shall contract directly with vendors for the provision of such goods and services to the extent practical. EXHIBIT C-1 Percentage of time College Title - Position/Department Duties/AEC Service allocated to AEC AEC Reimbursement Vice President of Administration & Finance Finance/AEC President 5% N Budget Director Finance/AEC Secretary 5% N Executive Director of Budget & Finance Finance/AEC Treasurer 5% N Financial Accounting Assistant Finance/AEC Accountant 50% Y Financial Manager Finance 5% N Purchasing Director Purchasing 5% N
Sample 1
AutoNDA by SimpleDocs
Payment of Direct Costs. (1) Upon the commencement of this Lease, Landlord may elect to deliver to Tenant an estimate of the Direct Costs for the calendar year in which the term of this Lease commences. By the end of each calendar year thereafter, Landlord may elect to deliver to Tenant an estimate of the Direct Costs for the following calendar year. In the event such estimates are delivered, Tenant shall pay to Landlord on the first day of each month during the term of this Lease an amount equal to Tenant’s Proportionate Share, as set forth in Paragraph l(c), of the average monthly increase in Direct Costs over Base Costs for such year as estimated by Landlord. Following the end of each calendar year, Landlord shall deliver to Tenant a statement (“Landlord’s Statement”) of the actual Direct Costs for such calendar year and the amount due for Tenant’s Proportionate Share of the increase over the Base Costs. If the actual amount of Tenant’s Proportionate Share of the Direct Costs over Base Costs for such year exceeds the amount paid by Tenant to Landlord as an estimate therefore, Tenant shall pay the difference to Landlord within thirty (30) days of delivery to Tenant of the statement of the Direct Costs for such year. If the estimated amounts paid by Tenant to Landlord for the increase in Direct Costs for such year exceeds the actual amount due over Base Costs for such year, such excess shall be credited against the amounts due from Tenant thereafter pursuant to this Subparagraph 4(c)(i) or, if this Lease has terminated, such excess shall be credited against any amounts which Tenant owes Landlord pursuant to this Lease and, to the extent all amounts which Tenant owes Landlord pursuant to this Lease have been paid, Landlord shall promptly pay such excess to Tenant. In the event Landlord does not elect to deliver an estimate of Direct Costs to Tenant as provided above, then upon Landlord delivering to Tenant a statement of the actual Direct Costs for such calendar year and the amount due for Tenant’s Proportionate Share over Base Costs, Tenant shall pay such sum which is shown due on said statement with the next payment of Basic Rent due or, in the event Tenant elects such, Tenant may pay the sum due on such statement over the next following twelve (12) months together with interest thereon at ten percent (10%) per annum, principal and interest amortized equally over such twelve (12) months. Any delay by Landlord in delivering any estimate or statement pursuant to this Paragraph sha...
Sample 1
Payment of Direct Costs. During each calendar year of the Lease Term, Tenant shall pay to Landlord as Additional Rent (as defined below) Tenant's Proportionate Share (as provided in Article 1.5 of the Basic Lease Provisions) of any and all of the following amounts incurred by Landlord: (i) "Tax Costs" (as hereinafter defined), (ii) "Operating Costs" (as hereinafter defined), or (iii) "Insurance Costs" (as hereinafter defined). In the event either the Premises and/or the Project is expanded or reduced, then Tenant's Proportionate Share shall be appropriately adjusted, and as to the calendar year in which such change occurs, Tenant's Proportionate Share for such year shall be determined on the basis of the number of days during that particular calendar year that each such Tenant's Proportionate Share was in effect. In the event this Lease shall terminate on any date other than the last day of a calendar year, Tenant's Proportionate Share of Tax Costs, Operating Costs and Insurance Costs for such calendar year in which this Lease terminates shall be prorated on the basis of the relationship which the number of days which have elapsed from the commencement of said calendar year to and including said date on which this Lease terminates bears to three hundred sixty (360). Any and all amounts due and payable by Tenant pursuant to this Article 3 shall be deemed "Additional Rent" (as defined in Article 30.13 hereof) and Landlord shall be entitled to exercise the same rights and remedies upon default in these payments as Landlord may exercise upon non-payment of Basic Rental.
Sample 1
Payment of Direct Costs. OPERATOR shall pay all City-approved and budgeted Direct Costs (or other costs as approved in advance by CITY) from the Golf Course Operating Account or the Golf Course Imprest Account. Payment of all legitimate claims shall be made in a timely manner. OPERATOR shall submit to Parks Director a monthly report detailing Direct Costs paid in the prior month pursuant to Section 2.06.1 of this Agreement.
Sample 1
Payment of Direct Costs. OPERATOR shall pay all budgeted Direct Costs (or other costs as approved in advance in writing by the Director) from the Bank Account. Payment of all legitimate claims shall be made in a timely manner. OPERATOR shall submit to the Director a monthly report detailing Direct Costs paid in the prior month pursuant to Section 8.06 of this Agreement.
Sample 1

Related to Payment of Direct Costs

  • Direct Costs Insert the major cost elements. For each element, consider the application of the paragraph entitled “Costs Requiring Prior Approval” on page 1 of these instructions.

  • Allocation of Direct Expenses The parties acknowledge that the Building is a part of a multi-building project and that the costs and expenses incurred in connection with the Project (i.e., the Direct Expenses) should be shared between the Building and the other buildings in the Project. Accordingly, as set forth in Section 4.2 above, Direct Expenses (which consist of Operating Expenses and Tax Expenses) are determined annually for the Project as a whole, and a portion of the Direct Expenses, which portion shall be determined by Landlord on an equitable basis, shall be allocated to the Building (as opposed to other buildings in the Project). Such portion of Direct Expenses allocated to the Building shall include all Direct Expenses attributable solely to the Building and a pro rata portion of the Direct Expenses attributable to the Project as a whole, and shall not include Direct Expenses attributable solely to other buildings in the Project.

  • Compensation; Allocation of Costs and Expenses In full consideration of the provision of the services of the Administrator, the Company shall reimburse the Administrator for the costs and expenses incurred by the Administrator in performing its obligations and providing personnel and facilities hereunder, it being understood and agreed that, except as otherwise provided herein or in that certain Investment Advisory Agreement, by and between the Company and the Administrator (the Administrator, in its capacity as adviser pursuant to the Investment Advisory Agreement, the “Adviser”), as amended from time to time (the “Advisory Agreement”), the Administrator shall be solely responsible for the compensation of its employees and all overhead expenses of the Administrator (including rent, office equipment and utilities). The Company, either directly or through reimbursement to the Adviser, shall bear all costs and expenses of its operation, administration and transactions not specifically assumed by the Adviser pursuant to the Advisory Agreement, including (without limitation): expenses deemed to the “organization and offering expenses” of the Company for purposes of Conduct Rule 2310(a)(12) of the Financial Industry Regulatory Authority (for purposes of this Agreement, such expenses, exclusive of commissions, the dealer manager fee, any discounts and other similar expenses paid by investors at the time of sale of the Stock of the Company, are hereinafter referred to as “Organization and Offering Costs”); corporate and organizational expenses relating to offering of shares of Common Stock, subject to limitations included in the Agreement; the cost of calculating the Company’s net asset value, including the cost of any third-party valuation services; the cost of effecting any sales and repurchases of the Common Stock and other securities; fees and expenses payable under any dealer manager agreements, if any; debt service and other costs of borrowings or other financing arrangements; costs of hedging; expenses, including travel expense, incurred by the Administrator, or members of the Investment Team, or payable to third parties, performing due diligence on prospective portfolio companies and, if necessary, enforcing the Company’s rights; escrow agent, transfer agent and custodial fees and expenses; fees and expenses associated with marketing efforts; federal and state registration fees, any stock exchange listing fees and fees payable to rating agencies; federal, state and local taxes; independent directors’ fees and expenses, including certain travel expenses; costs of preparing financial statements and maintaining books and records and filing reports or other documents with the SEC (or other regulatory bodies) and other reporting and compliance costs, including registration fees, listing fees and licenses, and the compensation of professionals responsible for the preparation of the foregoing; the costs of any reports, proxy statements or other notices to stockholders (including printing and mailing costs); the costs of any stockholder or director meetings and the compensation of personnel responsible for the preparation of the foregoing and related matters; commissions and other compensation payable to brokers or dealers; research and market data; fidelity bond, directors and officers errors and omissions liability insurance and other insurance premiums; direct costs and expenses of administration, including printing, mailing, long distance telephone and staff; fees and expenses associated with independent audits, outside legal and consulting costs; costs of winding up; costs incurred in connection with the formation or maintenance of entities or vehicles to hold the Company’s assets for tax or other purposes; extraordinary expenses (such as litigation or indemnification); and costs associated with reporting and compliance obligations under the Advisers Act and applicable federal and state securities laws. Notwithstanding anything to the contrary contained herein, the Company will bear its allocable portion of the costs of the compensation, benefits and related administrative expenses (including travel expenses) of the Company’s officers who provide operational and administrative services hereunder, their respective staffs and other professionals who provide services to the Company (including, in each case, employees of the Adviser or an affiliate) who assist with the preparation, coordination, and administration of the foregoing or provide other “back office” or “middle office” financial or operational services to the Company. Notwithstanding anything to the contrary contained herein, the Company shall reimburse the Adviser (or its affiliates) for an allocable portion of the compensation paid by the Adviser (or its affiliates) to such individuals (based on a percentage of time such individuals devote, on an estimated basis, to the business affairs of the Company and in acting on behalf of the Company). For the avoidance of doubt, the Adviser shall be solely responsible for any placement or “finder’s” fees payable to placement agents engaged by the Company or its affiliates in connection with the offering of securities by the Company.

  • Compensation and Expense Reimbursement A. Client will pay the Company, as compensation for the services provided for in this Agreement and as reimbursement for expenses incurred by Company on Client's behalf, in the manner set forth in Schedule A annexed to this Agreement which Schedule is incorporated herein by reference.

  • Indemnification for Additional Expenses Without limiting the generality or effect of the foregoing, the Company shall indemnify and hold harmless Indemnitee against and, if requested by Indemnitee, shall reimburse Indemnitee for, or advance to Indemnitee, within five business days of such request accompanied by supporting documentation for specific Expenses to be reimbursed or advanced, any and all actual and reasonable Expenses paid or incurred by Indemnitee in connection with any Claim made, instituted or conducted by Indemnitee for (a) indemnification or reimbursement or advance payment of Expenses by the Company under any provision of this Agreement, or under any other agreement or provision of the Constituent Documents now or hereafter in effect relating to Indemnifiable Claims, and/or (b) recovery under any directors’ and officers’ liability insurance policies maintained by the Company; provided, however, if it is ultimately determined that the Indemnitee is not entitled to such indemnification, reimbursement, advance or insurance recovery, as the case may be, then the Indemnitee shall be obligated to repay any such Expenses to the Company; provided further, that, regardless in each case of whether Indemnitee ultimately is determined to be entitled to such indemnification, reimbursement, advance or insurance recovery, as the case may be, Indemnitee shall return, without interest, any such advance of Expenses (or portion thereof) which remains unspent at the final disposition of the Claim to which the advance related.

  • Payment of Company Expenses The Company agrees to pay all costs, fees and expenses incurred by the Company in connection with the performance of its obligations hereunder and in connection with the transactions contemplated hereby, including, without limitation: (i) all expenses incident to the issuance, delivery and qualification of the Securities (including all printing and engraving costs); (ii) all fees and expenses of the registrar and transfer agent of the Securities; (iii) all necessary issue, transfer and other stamp taxes in connection with the issuance and sale of the Securities; (iv) all fees and expenses of the Company’s counsel, independent public or certified public accountants and other advisors; (v) all costs and expenses incurred in connection with the preparation, printing, filing, shipping and distribution of the Registration Statement (including financial statements, exhibits, schedules, consents and certificates of experts), the Prospectus, and all amendments and supplements thereto, and this Agreement; (vi) all filing fees, reasonable attorneys’ fees and expenses incurred by the Company or the Underwriter in connection with qualifying or registering (or obtaining exemptions from the qualification or registration of) all or any part of the Securities for offer and sale under the state securities or blue sky laws or the securities laws of any other country, and, if reasonably requested by the Underwriter, preparing and printing a “Blue Sky Survey,” an “International Blue Sky Survey” or other memorandum, and any supplements thereto, advising any of the Underwriter of such qualifications, registrations and exemptions; (vii) if applicable, the filing fees incident to the review and approval by the FINRA of the Underwriter’s participation in the offering and distribution of the Securities; (viii) the fees and expenses associated with including the Ordinary Shares on the Trading Market; and (ix) all costs and expenses incident to the travel and accommodation of the Company’s employees on the “roadshow,” as described in Section 1(a)(iii) of this Agreement.

  • Payment of Management Fee To facilitate the payment of the Management Fee as provided in Section 5.1 hereof, the Practice hereby expressly authorizes Professional Business Manager to make withdrawals of the Management Fee from the Professional Practice Account as such fee becomes due and payable during the Term in accordance with Section 3.10(a) and after termination as provided in Section 6.3. Professional Business Manager shall deliver to the Practice an invoice for the Management Fee accompanied by a reasonably detailed statement of the information upon which the Management Fee calculation is based.

Time is Money Join Law Insider Premium to draft better contracts faster.