Common use of Reimbursement of Expenses; Independent Contractor Clause in Contracts

Reimbursement of Expenses; Independent Contractor. All obligations or expenses incurred by the Advisor in the performance of its duties under this Agreement shall be for the account of, on behalf of, and at the expense of the Company, and all such expenses shall be promptly reimbursed by the Company. The Advisor shall not be obligated to make any advance to or for the account of the Company or any other member of the YCC Group or to pay any sums, except out of funds held in accounts maintained by the Company or any other member of the YCC Group nor shall the Advisor be obligated to incur any liability or obligation for the account of the Company or any other member of the YCC Group without assurance that the necessary funds for the discharge of such liability or obligation will be provided. The Company shall reimburse the Advisor by wire transfer of immediately available funds for any amount paid by the Advisor, which shall be in addition to any other amount payable to the Advisor under this Agreement. The Advisor shall be an independent contractor, and nothing obtaining in this Agreement shall be deemed or construed to (i) create a partnership or joint venture between the Company or any other member of the YCC Group and the Advisor, (ii) cause the Advisor to be responsible in any way for the debts, liabilities or obligations of the Company or any other party, or (iii) constitute the Advisor or any of its employees as employees, officers or agents of the Company or any other member of the YCC Group.

Appears in 1 contract

Samples: Management Services Agreement (Yankee Holding Corp.)

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Reimbursement of Expenses; Independent Contractor. All obligations or expenses incurred by the Advisor MDP in the performance of its duties under this Agreement shall be for the account of, on behalf of, and at the expense of the Company, and all such expenses shall be promptly reimbursed by the Company. The Advisor MDP shall not be obligated to make any advance to or for the account of the Company or any other member of the YCC Company Group or to pay any sums, except out of funds held in accounts maintained by the Company or any other member of the YCC Group Company Group, nor shall the Advisor MDP be obligated to incur any liability or obligation for the account of the Company or any other member of the YCC Group without assurance that Company Group. In addition, the necessary funds Company shall pay to MDP, and hold MDP harmless against liability for the discharge payment of such liability any taxes, fees and expenses arising or obligation will be providedotherwise incurred in connection with the investment in the Company and/or Buyer Parent by any member of the MDP Group (as defined below). The Company shall reimburse the Advisor MDP by wire transfer of immediately available funds for any such amount paid by owed to MDP and/or any member of the AdvisorMDP Group pursuant to this Section 6, which shall be in addition to any other amount payable to the Advisor MDP under this Agreement. The Advisor MDP shall be an independent contractor, and nothing obtaining in this Agreement shall be deemed or construed to (i) create a partnership or joint venture between the Company or any other member of the YCC Company Group and the AdvisorMDP, (ii) cause the Advisor MDP to be responsible in any way for the debts, liabilities or obligations of the Company or any other party, or (iii) constitute the Advisor cause MDP or any of its partners or employees as employeesto be officers, officers employees or agents of the Company or any other member of the YCC Company Group.

Appears in 1 contract

Samples: Management Services Agreement (BWAY Holding CO)

Reimbursement of Expenses; Independent Contractor. All obligations or expenses incurred by the Advisor Advisors in the performance of its their duties under this Agreement shall be for the account of, on behalf of, and at the expense of the Company, and all such expenses shall be promptly reimbursed by the Company. The Advisor Advisors shall not be obligated to make any advance to or for the account of the Company or any other member of the YCC Nuveen Group or to pay any sums, except out of funds held in accounts maintained by the Company or any other member of the YCC Group Nuveen Group, nor shall the Advisor Advisors be obligated to incur any liability or obligation for the account of the Company or any other member of the YCC Group without assurance that the necessary funds for the discharge of such liability or obligation will be providedNuveen Group. The Company shall reimburse the Advisor Advisors by wire transfer of immediately available funds for any amount paid by the AdvisorAdvisors pursuant to the foregoing, which shall be in addition to any other amount payable to the Advisor Advisors under this Agreement. The Advisor Advisors shall be an independent contractorcontractors, and nothing obtaining in this Agreement shall be deemed or construed to (i) create a partnership or joint venture between the Company or any other member of the YCC Nuveen Group and the AdvisorAdvisors or among the Advisors, (ii) cause the Advisor Advisors to be responsible in any way for the debts, liabilities or obligations of the Company or any other party, or (iii) constitute cause the Advisor Advisors or any of its employees as their employees, officers partners or members to be officers, employees or agents of the Company or any other member of the YCC Nuveen Group.

Appears in 1 contract

Samples: Services Agreement (Nuveen Investment Solutions, Inc.)

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Reimbursement of Expenses; Independent Contractor. All obligations or expenses incurred by the each Advisor in the performance of its duties under this Agreement shall be for the account of, on behalf of, and at the expense of the Company, and all such expenses shall be promptly reimbursed by the Company. The Neither Advisor shall not be obligated to make any advance to or for the account of the Company or any other member of the YCC VWR Group or to pay any sums, except out of funds held in accounts maintained by the Company or any other member of the YCC Group VWR Group, nor shall the either Advisor be obligated to incur any liability or obligation for the account of the Company or any other member of the YCC Group without assurance that the necessary funds for the discharge of such liability or obligation will be providedVWR Group. The Company shall reimburse the each Advisor by wire transfer of immediately available funds for any amount paid by the such Advisor, which shall be in addition to any other amount payable to the such Advisor under this Agreement. The Each Advisor shall be an independent contractor, and nothing obtaining in this Agreement shall be deemed or construed to (i) create a partnership or joint venture between the Company or any other member of the YCC VWR Group and the either Advisor, (ii) cause the either Advisor to be responsible in any way for the debts, liabilities or obligations of the Company or any other party, or (iii) constitute the cause either Advisor or any of its respective employees as employeesto be officers, officers employees or agents of the Company or any other member of the YCC VWR Group.

Appears in 1 contract

Samples: Management Services Agreement (VWR Funding, Inc.)

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