Reimbursement and Fees. Unless expressly provided for in this Agreement, approved by each of the Members, or provided for in an Additional Agreement, neither of the Members nor any Affiliate thereof shall be paid any compensation for its management services to the Company provided pursuant to the terms hereof or be reimbursed for out of pocket, overhead or general administrative expenses.
Reimbursement and Fees. (a) In consideration for acting as Administrator, the Company shall pay to the Administrator a monthly fee of $65,000 (the “Administrator Fee”), payable on the 20th day of each month, which is intended to compensate the Administrator for the reasonable fees, expenses and taxes paid or incurred by the Administrator and its employees and agents in the ordinary course of business for acting in such role, including (i) salaries and benefits of the Administrator’s employees and agents who perform services for the Company, (ii) overhead, computing and other expenses attributable to services performed by the Administrator for the Company and (iii) the costs of the insurance policies described in Section 3.1(e) (if any). The parties have agreed that the Administrator Fee represents a reasonable allocation, as between the Administrator and the Company, of such amounts, and is also intended by the parties to be sufficient so as to provide a profit to the Administrator. To the extent that amounts paid or incurred by the Administrator and its employees and agents in performing the obligations of the Administrator hereunder (x) constitute extraordinary expenses not contemplated by the Administrator Fee or the License Fee payable pursuant to Section 6(c), (y) are material in amount and (z) can be allocated between the Administrator and the Company in a manner that is practicable and cost effective, then the Company shall reimburse the Administrator for such additional amounts, within fifteen (15) days after receipt of invoices to be submitted to the Company by the Administrator substantiating such additional amounts.
Reimbursement and Fees. Unless expressly provided for in this Agreement or approved by each of the Venturers, neither of the Venturers nor any Affiliate thereof shall be paid any compensation for its management services to the Joint Venture provided pursuant to the terms hereof or be reimbursed for out-of-pocket, overhead or general administrative expenses. Notwithstanding the foregoing, the Managing Venturer and its Affiliates shall be entitled to reimbursement by the Joint Venture for reasonable out-of-pocket costs and expenses incurred for travel to and from the Facility in connection with the performance of any services required or contemplated by this Agreement, including without limitation, travel in connection with designing, developing, constructing, and operating the Facility. In addition, in the event the Managing Venturer requests employees of MR Sub or its Affiliates to travel to the Facility for purposes of the Joint Venture's business, or employees of MR Sub or its Affiliates to travel to Las Vegas, Nevada for purposes of the Joint Venture's business, then MR Sub or its Affiliates shall be entitled to reimbursement by the Joint Venture for reasonable out-of-pocket costs and expenses incurred for such travel.
Reimbursement and Fees. On the Contribution Date, each of Tejon and Majestic shall be reimbursed for the pre-development third-party out-of-pocket costs and expenses incurred by such Member (and any Affiliate thereof) to the extent such costs and expenses are set forth in the Pre-Development Budget (or such reimbursement is otherwise approved by the Executive Committee in its sole and absolute discretion). In furtherance of the foregoing, each Member hereby represents and warrants that such Member and/or one (1) or more of its Affiliates has actually incurred the costs and expenses to be reimbursed to such Member pursuant to this Section 2.19. Except as expressly provided in this Agreement, the Construction Contract, the Pre-Development Budget or otherwise agreed to in writing by the Executive Committee, including, without limitation, pursuant to the terms of any Approved Business Plan, none of the Members (or their respective Affiliates and/or other representatives) shall be paid any compensation for rendering services to the Company or otherwise be reimbursed for any costs and expenses incurred by such Member (and/or any Affiliate or representative thereof) on behalf of the Company. Without limiting the generality of the foregoing, neither Member nor any Affiliate thereof shall be reimbursed for any general and administrative costs and expenses incurred by such party, and any costs incurred by Tejon in creating the legal parcel or parcels comprising the Property shall not be subject to reimbursement. Any request for reimbursement by any Member pursuant to this Section 2.19 shall be accompanied by supporting documentation and shall be made within forty-five (45) days after the date such expenses are incurred by such Member. Any such reimbursements shall not reduce such Member's Capital Account or Unreturned Contribution Account.
Reimbursement and Fees. The Company shall make the following payments with respect to services rendered and expenses incurred by Manager:
Reimbursement and Fees. No Member and no Affiliate of a Member shall be paid any amount by the Company for services to the Company or in connection with any other transaction unless the terms of such transaction are approved by the Managers and are fair to the Company. In addition, each Manager shall be entitled to reimbursement for expenses reasonably incurred in connection with the Company’s business.
Reimbursement and Fees. Subject to the extent contemplated by the Approved Annual Business Plan, the Sharyland Member shall be reimbursed promptly by the Company for third-party, out-of-pocket administrative costs and expenses reasonably incurred by it in connection with the performance of its duties to the Company. Neither the Sharyland Member nor any of its Affiliates shall be entitled to reimbursement for any internal (i.e., not third party) general or administrative costs or expenses.
Reimbursement and Fees. Section 2.01 Issuance of the Letter of Credit
Reimbursement and Fees. 19 2.21 Insurance .............................................................................................................. 19 ARTICLE III
Reimbursement and Fees. (a) Each Transferor shall reimburse the Administrator, within thirty (30) days after receipt of invoices to be submitted to such Transferor by the Administrator on a regular basis, for all reasonable expenses and taxes paid or incurred by the Administrator and its employees and agents in performance of the obligations of the Administrator hereunder, including appropriate allocations of: (i) salaries and benefits of the Administrator's employees and agents who perform services for such Transferor and (ii) overhead, computing and other expenses attributable to services performed by the Administrator on behalf of such Transferor hereunder.
