REAL ESTATE EXPENSES Sample Clauses

REAL ESTATE EXPENSES. For all except A-2 and A-3 above, if the employee owns and resides in a home that must be sold to make a move to a new work location, the Company will pay the appropriate real estate commission fee if a realtor was utilized in selling the home. All other costs are the responsibility of the employee. DEFINITION OF A MOVING PERIOD Employees may elect to meet the residence requirement any time during the probationary period but no later than 90 calendar days after completing their probationary period unless an extension is granted. The 90 calendar day period for receiving living or commuting expenses will commence at the option of the employee but no later than the completion of the probationary period. During this 90 calendar day period, employees have a daily choice of either "staying over" or "commuting." CESSATION OF LIVING/COMMUTING EXPENSES If employees are in the process of collecting living/commuting expenses and during this period elect not to relocate to take the position, expenses shall terminate immediately. If employees, in the process of collecting living/commuting expenses, are declared unacceptable to meet the requirements of the job, they will continue to receive expenses until they can be returned. However, expenses shall not exceed the prescribed time as allowed in the Moving Expense Plan.
Sample 1
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REAL ESTATE EXPENSES. The Xxxxxxxx Companies own or rent office space at their principal offices or other locations, and all such rental or ownership expense and related expenses, including but not limited to real estate taxes, depreciation, maintenance, shall be the responsibility and direct expense of the Xxxxxxxx Companies. If Mutual provides any of the Xxxxxxxx Companies with any office space, the amount of rent Mutual charges the Xxxxxxxx Companies shall be apportioned among the parties to this Agreement based on activities and other pertinent factors or ratios yielding results as if the expense had been borne solely by the incurring entity.
Sample 1
REAL ESTATE EXPENSES. The Company shall reimburse the Executive for the following real estate expenses associated with the sale of his current residence and the acquisition of a new residence:
Sample 1
REAL ESTATE EXPENSES. The Xxxxxxxx Companies own or rent office space at their principal offices or other locations, and all such rental or ownership expense shall be the responsibility and direct expense of the Xxxxxxxx Companies. If Mutual provides the Xxxxxxxx Companies with any office space, the amount of rent Mutual charges the Xxxxxxxx Companies shall be based upon the percentage that the total salaries (including a benefits factor) paid to individuals performing services for any of the Xxxxxxxx Companies bears to the aggregate of all salaries for State Auto P&C times the total rent expenses for the State Auto Companies for the locations where the Xxxxxxxx Companies are provided facilities, in accordance with statutory accounting principles. All costs and expenses incurred by the Xxxxxxxx Companies for the services provided to the State Auto Companies pursuant to this Agreement shall be allocated among the parties to this Agreement as follows. The salary expenses attributable to Xxxxxxxx Companies’ employees performing services for the State Auto Companies shall be reimbursed to the Xxxxxxxx Companies by each of the State Auto Companies based on an allocation of the time these individuals spend on behalf of each of the State Auto Companies. In addition, each of the State Auto Companies shall reimburse the Xxxxxxxx Companies for the expense of services provided to it by the Xxxxxxxx Companies including, without limitation, payroll taxes, pension and employee benefits, overhead, and rent based on a percentage of the aforesaid salary expenses to be determined annually by the Xxxxxxxx Companies in an amount that reasonably reflects the actual costs of the aforesaid items.
Sample 1
REAL ESTATE EXPENSES. State Auto P&C, National, MIGI, State Auto Financial, Stateco, and 518 PML currently are provided office space by Mutual in offices located at 500 Xxxx Xxxxx Xxxxxx, Xxxxxxxx, XX, and 2000 Xxxxx Xxxxxxxx Xxxxxx, Xxxxxxxxxxxx, XX. In addition, State Auto P&C and National are provided office space in Milbank’s office at 100 Xxxxx Xxxxx, Milbank, SD. National, State Auto Financial, Stateco, and 518 PML are charged for part of the rent expense for Milbank’s office. The amount of rent Mutual and Milbank charge National, MIGI, State Auto Financial, Stateco, and 518 PML shall be based upon the percentage that the total salaries (including a benefits factor) paid to individuals performing services for any of such entities bears to the aggregate of all salaries for State Auto P&C times the total rent expenses for the State Auto Companies for the location at 500 Xxxx Xxxxx Xxxxxx, Xxxxxxxx, XX, 2000 Xxxxx Xxxxxxxx Xxxxxx, Xxxxxxxxxxxx, XX, and Milbank, SD, as aforesaid, in accordance with statutory accounting principles. The rent expense incurred by each of the Pooled Companies for other office locations owned by Mutual (Indianapolis, IN, Cincinnati, OH and Cleveland, OH) and for the Milbank office is an underwriting expense subject to the 2005 Pooling Agreement. Notwithstanding the foregoing allocations to the contrary, if a State Auto Company which is not currently participating in the 2005 Pooling Agreement, hereafter begins participating in such 2005 Pooling Agreement as amended from time to time, then expenses subject to the 2005 Pooling Agreement shall be allocated among that company and the other pooling arrangement participants in the same manner as expenses are allocated between the Pooled Companies as set forth above.
Sample 1
REAL ESTATE EXPENSES. Associate-Licensee agrees to cover all related real estate costs to conduct business on his/her own. This is including, but not limited to all taxes (i.e. federal, social security, state, local), insurance premiums, business and division license fees, Realtor Fees, MLS fees, postage, copier, all types of phone service, business cards, signs, lockboxes, advertising, etc.
Sample 1
REAL ESTATE EXPENSES. Associate agrees to accept responsibility for all related real estate costs to conduct business on his/her own. This includes, but shall not be limited to all taxes (i.e. federal, social security, state, local), insurance premiums, business license fees, association fees, Nevada real estate division fees, MLS fees, postage, fax, copier, all types of phone service, business cards, signs, lockboxes, advertising, etc.
Sample 1
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REAL ESTATE EXPENSES. Associate-Licensee agrees to cover all related real estate costs to conduct business on his/her own. This is including, but not limited to all taxes (i.e. federal, social security, state, local), insurance premiums, business and division license fees, Realtor Fees, MLS fees, postage, copier, all types of phone service, business cards, signs, lockboxes, advertising, etc. and that Associate-Licensee is responsible for conducting business at its own costs, if any. Broker shall not be liable to Associate-Licensee for any expenses incurred by Associate-Licensee or for any of its acts. Broker shall not be liable to reimburse Associate-Licensee for any expenses
Sample 1

Related to REAL ESTATE EXPENSES

  • Real Estate Taxes and Assessments Xxxxx is aware that all property is subject to the possibility of reassessment which may result in increased real estate taxes.

  • Real Estate Taxes All taxes and installments for special assessments will be prorated for the calendar year based on taxes levied. If taxes have not been levied, then they will be prorated based upon taxes for the previous year, adjusted for the most recent mill levy, if known.

  • Real Estate Leases All leases, subleases, licenses, concessions, options, and other agreements relating to the occupancy of the Leased Real Property, including the right to all security deposits and other amounts and instruments deposited thereunder, are listed on Schedule 4.8.2 (collectively, the “Real Estate Leases”), and Seller has provided Buyer with a copy of such Real Estate Leases. Except as set forth in Schedule 4.8.2: (i) the Real Estate Leases have not been modified, amended, or assigned, are legally valid, binding and enforceable in accordance with their respective terms, and are in full force and effect; and (ii) to Seller’s knowledge, there are no material defaults (or matters that upon written notice or lapse of time would constitute material defaults) by Seller or by any other party to the Real Estate Leases.

  • Operating Expenses and Taxes Lessee and Lessor acknowledge and agree that commencing with the Second Extended Lease Term and continuing with any Extended Lease Term validly exercised thereafter, (x) the Lease provisions relating to payment of Taxes and Operating Expenses shall be converted from a Base Year computation to a straight net basis computation, and (y) Lessee shall be assuming the obligation of maintenance and repair described in Paragraph 11 below. In connection with the conversion from a Base Year to a net lease and Lessee’s assumption of the maintenance and repair obligations described in Paragraph 11 below, Lessee and Lessor wish to modify the terms and provisions of the Lease relating to Operating Expenses to account for such modifications and Lessee’s assumption of such obligations. In connection with the foregoing, Lessee and Lessor hereby acknowledge and agree that commencing on January 1, 2013, (i) the MOU shall have no further force or effect with respect to all periods from and after January 1, 2013 (the MOU shall remain in effect with respect to periods on or before December 31, 2012, except as modified by Xxxxxxxxxx 00 xxx 00 xxxxx), (xx) notwithstanding anything to the contrary contained in the Lease, Lessee’s obligations with respect to the payment of Lessee’s Percentage of Taxes and Lessee’s Percentage of Operating Expenses shall be computed without reference to a Base Year, with the effect that Lessee’s obligation for payment of Taxes during any Tax Year shall be payment of Lessee’s Percentage of the Taxes incurred with respect to such Tax Year and Lessee’s obligation for payment of Operating Expenses during any Lease Year for Operating Expenses shall be payment of Lessee’s Percentage of the Operating Expenses incurred with respect to such Lease Year for Operating Expenses, and (iii) Article 5 of the Original Lease shall be deleted in its entirety with respect to all periods from and after January 1, 2013 and replaced with the provisions of this Paragraph 10.

  • Payment of Operating Expenses Subject to the provisions of Section 6.08(c), Borrower will (i) pay the expenses of operating, managing, maintaining and repairing the Mortgaged Property (including utilities, Repairs and Capital Replacements) before the last date upon which each such payment may be made without any penalty or interest charge being added, and (ii) pay Insurance premiums at least 30 days prior to the expiration date of each policy of Insurance, unless applicable law specifies some lesser period.

  • Partnership Expenses (a) All of the Partnership's expenses shall be billed directly to and paid by the Partnership to the extent practicable. Reimbursements to the General Partner, or any of its Affiliates, by the Partnership shall be allowed only for the Partnership's Cash Expenses unless the General Partner is obligated to pay the same as an Operating Deficit during the Operating Deficit Guarantee Period, and subject to the limitations on the reimbursement of such expenses set forth herein. For purposes of this Section, Cash Expenses shall include fees paid by the Partnership to the General Partner or any Affiliate of the General Partner permitted by this Agreement and the actual cost of goods, materials and administrative services used for or by the Partnership, whether incurred by the General Partner, an Affiliate of the General Partner or a nonaffiliated Person in performing the foregoing functions. As used in the preceding sentence, "actual cost of goods and materials" means the actual cost of goods and materials used for or by the Partnership and obtained from entities which are not Affiliates of the General Partner, and actual cost of administrative services means the pro rata cost of personnel (as if such persons were employees of the Partnership) associated therewith, but in no event to exceed the amount which would be charged by nonaffiliated Persons for comparable goods and services.

  • Taxes and Expenses All taxes of any kind that may be assessed or levied against or in respect of the Fund and all brokerage commissions incurred by the Fund shall be paid from the Fund. All other expenses incurred by the Trustee in connection with the administration of this Trust, including fees for legal services rendered to the Trustee, the compensation of the Trustee to the extent not paid directly by the Grantor, and all other proper charges and disbursements of the Trustee shall be paid from the Fund.

  • Leasing Costs The Sellers shall be responsible for all Leasing Costs that are payable by reason of (i) the execution of an “Existing Lease” (i.e., a Lease existing as of the date of this Agreement) prior to the date of this Agreement, (ii) the renewal, extension, expansion of, or the exercise of any other option under, an Existing Lease, prior to the date of this Agreement, and (iii) amendments of an Existing Lease entered into prior to the date of this Agreement. If the Closing occurs, the Buyer shall be responsible for all Leasing Costs (including commissions to the Sellers’ in-house leasing agents that are customary arms-length terms that would otherwise be negotiated with a third-party leasing agent) that become due and payable as a result of (1) any New Leases, (2) amendments entered into during the Interim Period in accordance with this Agreement to renew, extend, expand or otherwise amend Existing Leases or New Leases, or (3) any renewals, extensions or expansions of, or the exercise of any other option under, Existing Leases or New Leases exercised by tenants during the Interim Period or on or after the Closing Date; provided, however, that Buyer shall have been provided the details of all such Leasing Costs prior to the Closing Date and approved the same in writing. In addition, the Buyer shall assume the economic effect of any “free rent” or other concessions pertaining to the period from and after the Closing; provided, however, that Buyer shall have been provided the details of all such Leasing Costs prior to the Closing Date and approved the same in writing. If, as of the Closing Date, the Sellers shall have paid any Leasing Costs for which the Buyer is responsible pursuant to the foregoing provisions, the Buyer shall reimburse the Sellers therefor at Closing; provided, however, that Buyer shall have been provided the details of all such Leasing Costs prior to the Closing Date and approved the same in writing. The Sellers shall pay (or cause to be paid), prior to Closing, or credit the Buyer at Closing (to the extent unpaid) all Leasing Costs for which the Sellers are responsible pursuant to the foregoing provisions, and (subject to the reimbursement obligations set forth above), the Sellers shall pay (or cause to be paid) when due all Leasing Costs payable after the date of this Agreement and prior to Closing. Notwithstanding anything to the contrary, (a) the Buyer shall receive a credit at Closing for any unfunded contractual Leasing Costs and (b) the Sellers shall be responsible (and the Buyer shall not be responsible) for any leasing commissions or brokerage fees which become due and payable after the Closing pursuant to any leasing or brokerage agreement relating to the Properties, including the Leasing and Brokerage Agreements, except as specifically set forth in Section 3.3(g)(ii). In addition to the foregoing, at Closing, the Buyer shall be responsible (and shall reimburse the Sellers at Closing) for the leasing commissions, tenant improvement costs and concessions for the Leases and the amounts set forth on Schedule 3.3(g)(ii) attached hereto. For purposes hereof, the term “Interim Period” shall mean the period from the date of this Agreement until the Closing Date. On the Closing Date, the Sellers shall deliver to the Buyer all Lease Termination Payments received by or on behalf of the Sellers from and after the date hereof, except, however, the Buyer acknowledges approval of the Leases referenced on Schedule 3.3(g)(ii).

  • Real Estate All real property at any time owned or leased (as lessee or sublessee) by the Borrower or any of its Subsidiaries.

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