Reimbursement of Operator Sample Clauses

Reimbursement of Operator. The Operator shall be reimbursed for any costs it incurs on behalf of Holdco in carrying out approved exploration Programs and implementing a production decision. "
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Reimbursement of Operator. Operator shall be reimbursed for all Reimbursable Expenses incurred in rendering services to the Hotel or Lessee to the extent such Reimbursable Expenses are provided for in the Approved Annual Budget, required or permitted by this Agreement or otherwise approved by Lessee, which approval shall not be unreasonably withheld, conditioned or delayed. Nothing in this Agreement, however, shall require Operator to advance or otherwise expend any of its own funds in connection with the operation of the Hotel or ownership of the Property. If Operator pays any amount for which Lessee is responsible under this Agreement, Operator shall be entitled to reimbursement thereof by Lessee. Operator may pay to itself the Reimbursable Expenses or other reimbursements from the Operating Account. The Reimbursable Expenses shall be payable to Operator monthly, in arrears. Operator shall also be reimbursed for all reasonable costs and expenses incurred in taking over management of the Hotel in accordance with the pre-opening budget, such reimbursement to be paid within fifteen (15) days after Operator delivers and invoice therefore.
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Reimbursement of Operator. In addition to the Annual Operating Fee, Operator shall be entitled to pay or reimburse itself from the Operating Accounts for the following expenses: (a) Out-of-Pocket Costs; (b) Compensation; (c) any amounts advanced by Operator in accordance with this Agreement; and (d) subject to Owner’s approval, which will not be unreasonably withheld, reasonable costs (without markup for premium or profit), fees, and expenses for labor negotiations, legal counsel, Alterations, Restoration or Condemnation programs and special market studies which involve a substantial time commitment of Operator’s Corporate Personnel or the engagement of outside professionals in connection with the Hotel and its operations and which are outside of the ordinary course, and are not customarily part of Operator’s general overhead and administrative expenses. Unless otherwise provided in this Agreement, the reimbursements provided for in this Section 6.2 shall include only reasonable direct Out-of-Pocket Costs that are for the exclusive benefit of the Hotel or, if not for the exclusive benefit of the Hotel, after deduction for any portions thereof properly and equitably allocated to any other Participating Hotel. Whenever any reimbursement due Operator under this Section or any other provision of this Agreement shall be subject to a gross receipts or similar tax under applicable law, Owner shall remit reimbursement to Operator, together with such tax payable thereon, so that Operator shall receive such reimbursement net of any taxes or similar charges.
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Reimbursement of Operator. (a) Operator shall be reimbursed for all out of-pocket costs and expenses incurred in rendering services to the Business to the extent these are provided for in the approved Annual Budget or otherwise authorized by this Agreement. (b) The cost, fees, compensation and other expenses of any persons engaged by Owner or Operator with Owner's authorization to perform duties of a special nature, directly related to the operation of the Business (the "Special Services"), including, but not limited to, independent auditors, employment search firms, and the like, shall be operating expenses subject to the Annual Budget as approved by Owner and not the responsibility of the Operator. Such Special Services shall be limited to those matters (to be first approved by Owner) that are not included in the scope of the duties to be performed by Operator hereunder and which would involve the Owner's engagement of a third party to perform such services. If Owner approves of the use of Operator's headquarters/corporate level employees to provide any such Special Services, and the cost has been identified and approved for Special Services in the Annual Budget, then the reimbursement to Operator shall be at the per diem salary rate for those personnel but not to exceed the reasonable and customary costs, fees or expenses charged by third parties for such services. (c) Subject to the limitations of the Travel Budget attached hereto as Exhibit B, as the same may be revised from time to time by Owner and Operator, Operator shall be reimbursed for any travel expenses of Operator's central office employees providing services for the Business pursuant to this Agreement.
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Reimbursement of Operator. As expenses are incurred, Operator shall submit an invoice(s) to Owner of (a) the actual cost of every item set forth in the Annual Operating Budget incurred by Operator and (b) all operating costs and expenditures incurred in connection with an emergency in the immediately preceding month. Subject to resolution of billing disputes, Owner shall pay Operator the total amount of such invoice(s) on or before the last Business Day of the month in which the invoice was delivered. Payment of all funds shall be made by wire transfer, in U. S. funds on a same day basis to the Operator’s account.
Sample 1
Reimbursement of Operator. Operator shall be reimbursed for all Out-of-Pocket Expenses and Travel Expenses incurred in rendering services to the Hotel or Lessee to the extent such Out-of-Pocket Expenses and Travel Expenses are provided for in the Annual Budget, required or permitted by this Agreement or otherwise approved by Lessee, which approval shall not be unreasonably withheld, conditioned or delayed. Nothing in this Agreement, however, shall require Operator to advance or otherwise expend any of its own funds in connection with the operation of the Hotel or ownership of the Property. If Operator pays any amount for which Lessee is responsible under this Agreement, Operator shall be entitled to reimbursement thereof by Lessee. Operator may pay to itself the Out- of-Pocket Expenses and Travel Expenses or other reimbursements from the Operating Account, with Lessee’s approval. The Out-of-Pocket Expenses and Travel Expenses shall be payable to Operator monthly, in arrears. Operator shall also be reimbursed for all reasonable costs and expenses incurred in taking over management of the Hotel in accordance with the pre-opening budget, such reimbursement to be paid within fifteen (15) days after Operator delivers and invoice therefore. Operator may also reimburse itself for reasonable third party out of pocket costs and expenses incurred by Operator, Operator’s Affiliates or personnel of Operator’s Affiliates, as the case may be, in the course of Operator fulfilling the duties described in this Agreement including, without limitation, delivery charges, Group Services, attendance at training programs and travel expenses. Lessee agrees to reimburse Operator for costs associated with corporate accounting services by paying an accounting fee of $1,000 per accounting period or any portion thereof and this fee may be adjusted annually based on budget, but shall in no instance be less than $1,000.00 per accounting period. Lessee agrees to reimburse Operator for costs associated with corporate revenue management services by paying a revenue management fee of $1,000 per accounting period or any portion thereof and this fee may be adjusted annually based on budget, but shall in no instance be less than $1,000.00 per accounting period.
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Reimbursement of Operator. On or before the 12th Business Day of every month, Operator shall submit an invoice to Owner of (i) the actual cost of every item set forth in an approved AFE, (ii) all costs and expenditures of Reimbursable Expenses, (iii) all fees payable hereunder and (iv) reasonable and necessary travel and related expenses incurred in connection with the engagement of outside consultants or subcontractors. Owner shall pay Operator the total amount of such invoice on or before the last Business Day of the month in which the invoice was delivered. Such payment shall be with full reservation of rights to dispute the amount paid. If Owner fails to pay any payment when due, Owner shall also pay to the Operator interest thereon from the due date thereof to the date of payment at a rate equal to the Interest Rate. Payment of all funds shall be made by wire transfer, in U.S. funds on a same Day basis to the accounts of the respective Operator at such place or account as Operator may designate in writing.
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Reimbursement of Operator 
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Related to Reimbursement of Operator

  • 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.

  • Statement of Operations Statement of Changes in Net Assets.

  • Commencement of Operations The Partnership shall not begin operations on its Leases unless the Managing General Partner is satisfied that necessary title requirements have been satisfied.

  • PERIOD OF OPERATION Subject to certification, this Agreement shall come into force from the first pay period commencing on or after 1st December 2002 and shall remain in force until 31 October 2005.

  • Duties of Operator Operator shall perform all required testing of Manufacturer’s Bus in accordance with the FTA Regulations and the established testing procedures used at the bus testing facility and provided to Manufacturer which procedures are attached hereto marked Exhibit “A” and incorporated herein by this reference.

  • Date of Operation 3.1 This Agreement remains in force until 2/7/2027. The agreement will continue to apply beyond its expiration date until it is replaced in accordance with the FW Act.

  • CONTINUITY OF OPERATION Section 1: No Strikes, Work Stoppages or Lockouts

  • Continuity of Operations Engage in any business activities substantially different than those in which Borrower is presently engaged, (2) cease operations, liquidate, merge, transfer, acquire or consolidate with any other entity, change its name, dissolve or transfer or sell Collateral out of the ordinary course of business, or (3) pay any dividends on Borrower's stock (other than dividends payable in its stock), provided, however that notwithstanding the foregoing, but only so long as no Event of Default has occurred and is continuing or would result from the payment of dividends, if Borrower is a "Subchapter S Corporation" (as defined in the Internal Revenue Code of 1986, as amended), Borrower may pay cash dividends on its stock to its shareholders from time to time in amounts necessary to enable the shareholders to pay income taxes and make estimated income tax payments to satisfy their liabilities under federal and state law which arise solely from their status as Shareholders of a Subchapter S Corporation because of their ownership of shares of Borrower's stock, or purchase or retire any of Borrower's outstanding shares or alter or amend Borrower's capital structure.

  • Hours of Operation You can access automated account information through the Service 7 days a week, 24 hours a day. There may be times, however, when all or part of the Service is unavailable due to system outages or maintenance. We assume no responsibility for any damage or delay that may result from such unavailability.

  • Cessation of Operations Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower’s ability to continue as a “going concern” shall not be an admission that the Borrower cannot pay its debts as they become due.

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