REIMBURSEMENT, GENERALLY Sample Clauses
The "Reimbursement, Generally" clause establishes the obligation for one party to repay or compensate another for certain expenses or costs incurred. Typically, this clause outlines the types of expenses eligible for reimbursement, the process for submitting claims, and any limitations or documentation requirements. Its core function is to ensure that parties are fairly compensated for out-of-pocket costs related to the agreement, thereby preventing disputes over financial responsibilities and promoting transparency in expense management.
REIMBURSEMENT, GENERALLY. As provided for in Public Law 115-56, the Contract funds may not be used for activities that are eligible to be reimbursed by, or for which funds are made available by, (a) the Federal Emergency Management Agency (FEMA); (b) the Army Corps of Engineers (Corps); (c) any other federal funding source; or (d) covered by insurance, and Subrecipient shall ensure compliance with all such requirements.
REIMBURSEMENT, GENERALLY. It is agreed that Windsor Heights will pay to DMPL the sum of $60,000 for the first year and $61,800 for year two and $63,654 for year three. Payments shall be made in equal quarterly installments, to be paid on or before September 1st, December 1st, March 1st, and June 1st , with the first prorated payment of $10,000 due upon execution of this Agreement and full quarterly payments to begin with the September 1, 2019 payment.
REIMBURSEMENT, GENERALLY. Subject to paragraphs (b) and (c) below, Borrower shall reimburse CME Credit Guarantor, on its own behalf and on behalf of the 2017 Subsidiary Guarantors, and if applicable, on behalf of the 2015 Subsidiary Guarantors, for the amount (each such amount, a “Guarantee Reimbursement Amount”), without duplication, of any payment (the date of each such payment, a “Payment Date”) by CME Credit Guarantor, the 2017 Subsidiary Guarantors, or if applicable, the 2015 Subsidiary Guarantors (i) under any CME Credit Guarantee, (ii) of any Purchase Price and (iii) on behalf of Borrower under the 2017 Third Party Credit Agreement or, if applicable, the 2015 Third Party Credit Agreement. The Guarantee Reimbursement Amount shall include any taxes, fees, charges or other costs reasonably incurred by CME Credit Guarantor in connection with such payment. CME Credit Guarantor shall promptly notify Borrower of the Guarantee Reimbursement Amount and Payment Date, and Borrower shall reimburse CME Credit Guarantor in immediately available funds in Dollars no later than 1:00 p.m. New York City time (i) on the Business Day CME Credit Guarantor provides such notice if CME Credit Guarantor provides such notice by 10:00 a.m. Prague time or (ii) on the next Business Day following the day CME Credit Guarantor provides such notice if CME Credit Guarantor provides such notice after 10:00 a.m. Prague time, provided that the failure of CME Credit Guarantor to so notify Borrower, and any delay in so notifying Borrower, shall not relieve, limit or otherwise affect any obligation of Borrower under this Agreement or any related document.
REIMBURSEMENT, GENERALLY. In connection with the Management Services pursuant to Article II hereof and Additional Services pursuant to Section 3.1 hereof, each party hereto (the "Reimbursing Party") shall reimburse the other party hereto (the "Reimbursed Party") for any and all reasonable, ordinary and necessary out-of-pocket expenses or costs (collectively, the "Charges") incurred or paid by the Reimbursed Party on behalf of the Reimbursing Party in the performance of any of its responsibilities under this Agreement; provided, however, that any Charge in excess of $1,000.00 shall require the prior written approval of the Reimbursing Party.
REIMBURSEMENT, GENERALLY. In connection with the Management Services pursuant to Article II hereof and Additional Services pursuant to Article III hereof, each party (the "Reimbursing Party") shall reimburse the other party (the "Reimbursed Party") for any and all out-of-pocket expenses or costs (collectively, the "Charges") incurred or paid by the Reimbursed Party on behalf of the Reimbursing Party in the performance of any of its responsibilities under this Agreement (including an appropriate allocation for overhead and general and administrative costs).
REIMBURSEMENT, GENERALLY. In consideration of the LMG Services and other obligations to be performed by LMG under this Agreement, TAG will reimburse LMG for the following items.
(a) reasonable actual salary and direct benefits, consistent with past practice, paid to or on behalf of the Retained Employees during their Retention Period; provided that the total amount to be reimbursed under this Section 4.1(a) shall not exceed $783,367 per quarter, pro-rated for the number of days in any partial quarter of the Term,
(b) any retention bonuses, salary increases (including for replacement personnel) or other change agreed to by the parties, and
(c) during the period between the Effective Date and the date specified in Exhibit A, the designated percentage identified in Exhibit A of the reasonable actual out-of-pocket costs for the CSC Software and Other Third Party Software provided that the total amount to be reimbursed under this Sections 4.1(c) and Section 4.2 of the Administrative Services and Teaming Agreement shall not exceed the applicable amount identified in Section 4.2 of the Administrative Services and Teaming Agreement. The parties acknowledge that since not all of the Retained Employees will be dedicated solely to the performance of services under this Agreement, TAG will reimburse LMG only for a pro rata portion of the above-described salary and benefits based upon the documented and verifiable percentage of their working hours spent performing services for TAG.