Common use of Payment of Expenses and Compensation Clause in Contracts

Payment of Expenses and Compensation. The Company shall reimburse the Member for any fees and costs and out-of-pocket expenditures advanced by the Member relating to the formation of the Company and the preparation of this Agreement and associated documentation. Thereafter, all reasonable expenditures of the Company and the Member, with respect to the Member’s duties and obligations contemplated by this Agreement, shall be paid by the Company. The Member shall be entitled to reasonable compensation for services rendered on behalf of the Company, in an amount to be determined from time to time by the Member.

Payment of Expenses and Compensation. The Company shall reimburse the Member for any fees and costs and out-of-pocket expenditures advanced by the Member it relating to the formation and organization of the Company and the preparation of the Certificate, this Agreement Agreement, and associated documentation. Thereafter, all reasonable expenditures of the Company and the MemberMember or Managers, with respect to the Member’s or Manager’s duties and obligations contemplated by this Agreement, shall be paid by the Company. The Member shall and the Managers, or any of them, may be entitled to reasonable paid compensation for services rendered on behalf of the Company, in an amount to be as determined from time to time by the Member.