Reimbursement of Organizational Expenses Sample Clauses

Reimbursement of Organizational Expenses. The General Partners may be reimbursed for, or the Partnership may pay directly, all expenses in connection with the organization or offering of the Units including, without limitation, attorneys fees, accounting fees, printing costs and other selling expenses (other than underwriting commissions) in an amount equal to the lesser of ten percent (10%) of the gross proceeds of the Offering or $1,200,000. The General Partners may pay, at their election, any offering and organization expenses in excess of this amount.
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Reimbursement of Organizational Expenses. The Members recognize that each Member has accumulated certain documented out-of-pocket expenses (the “Organizational Expenses”) summarized in Schedule 2.4 hereto in connection with the organization and formation of the Company. The Organizational Expenses are reimbursable in cash by the Company within 30 days of the date of the Company’s initial receipt of Capital Contributions of cash in an amount exceeding $1,000,000 (the “Contributions Commencement Date”).
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Reimbursement of Organizational Expenses. The Trust shall reimburse to the Adviser the organizational expenses paid pursuant to paragraph 1. Such reimbursement shall be paid no more than 12 months after the commencement of a public offering of shares of the Funds. Such reimbursement may be paid as a lump sum, in equal monthly installments, or in such other amounts as the parties may reasonably agree. Such reimbursement shall be subject to any expense limitation arrangement in effect for a Fund.
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Reimbursement of Organizational Expenses. 25 10.3 Reimbursement of Feasibility Study Expenses..............25
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Reimbursement of Organizational Expenses. Advantage agrees to reimburse MIIX Insurance for the Organizational Expenses paid by MIIX Insurance hereunder, as follows: (a) On the Effective Date of this Agreement, Advantage shall pay to MIIX Insurance thirty-five percent (35%) of the total principal amount of the Organizational Expenses paid by MIIX Insurance pursuant to the terms of this Agreement. (b) The remainder of the principal amount of the Organizational Expenses shall be paid in three installments, as follows: Percentage of Organizational Repayment Date Expenses to be Reimbursed -------------- ---------------------------- September 30, 2003 30% September 30, 2004 25% September 30, 2005 10% (c) The Organizational Expenses may be prepaid, in advance of the foregoing repayment schedule, in whole or in part, without penalty to Advantage, provided, that any such prepayment shall be in an amount equal to $100,000 or an even multiple thereof, or the remaining balance of the Organizational Expenses. (d) From and after the ninetieth (90th) day after the Effective Date, the outstanding balance of the Organizational Expenses shall bear interest, payable on each payment date set forth in subparagraph 2(a) hereof based on the daily outstanding balance of the Organizational Expenses, at a rate per annum equal to two percent (2%) above the prime rate reported in the Wall Street Journal, determined as of a date that is thirty (30) days prior to each such payment date. Such interest shall be calculated based on the actual number of days elapsed over a year of 364 or 365 days, as applicable.
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Reimbursement of Organizational Expenses. ‌ The Partnership shall pay, or cause the General Partner or Management Company to be reimbursed for, all Organizational Expenses, in each case based on the Partnership’s pro rata portion of the CSAIP Commitments, up to an amount which does not exceed Three Hundred and Fifty Thousand Dollars ($350,000). Organizational Expenses in excess of this amount, as well as any placement agent fees, will be paid by the Partnership but ultimately borne by the Management Company through a future offset against, or reduction of, the Management Fee due to the Management Company. Each Partner will bear its pro rata share of all Organizational Expenses.
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Reimbursement of Organizational Expenses. Each Fund shall reimburse CWAM for the organizational expenses of the Fund, to the extent permissible by law and the provisions of the Fee Waiver and Expense Reimbursement Agreement between the Trust and CWAM dated August 17, 2011.
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Reimbursement of Organizational Expenses. Upon the closing of the Transaction, the Partnership shall promptly reimburse each of Intrawest and CNL for any and all Organizational Expenses previously funded by either of them, upon presentation to the Partnership of reasonable evidence (such as invoices, canceled checks, etc.) indicating that such Organizational Expenses have been paid. Any such reimbursement shall be paid to the party that previously incurred and paid such Organizational Expenses without interest.
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Reimbursement of Organizational Expenses. 25 10.3 Reimbursement of Feasibility Study Expenses..............25 ARTICLE 11. FINANCING................................................25 11.1 Financial Plan...........................................25 11.2
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Related to Reimbursement of Organizational Expenses

  • Organizational Expenses The Partnership shall elect to deduct expenses, if any, incurred by it in organizing the Partnership ratably over a sixty (60) month period as provided in Section 709 of the Code.

  • Reimbursement of Business Expenses The Executive is authorized to incur reasonable expenses in carrying out the Executive’s duties for the Company under this Agreement and shall be entitled to reimbursement for all reasonable business expenses the Executive incurs during the Period of Employment in connection with carrying out the Executive’s duties for the Company, subject to the Company’s expense reimbursement policies and any pre-approval policies in effect from time to time.

  • Reimbursement of Travel Expenses If the Servicer provides access to the Review Materials at one of its properties, the Issuer will reimburse the Asset Representations Reviewer for its reasonable travel expenses incurred in connection with the Review on receipt of a detailed invoice.

  • Reimbursement of General Partner (a) Except as provided in this Section 6.5 and elsewhere in this Agreement (including the provisions of Articles 5 and 6 regarding distributions, payments, and allocations to which it may be entitled), the General Partner shall not be compensated for its services as general partner of the Partnership. (b) The General Partner shall be reimbursed on a monthly basis, or such other basis as the General Partner may determine in its sole and absolute discretion, for all Administrative Expenses incurred by the General Partner.

  • Organizational Expenses; Liabilities of the Holders (a) The Servicer shall pay organizational expenses of the Issuer as they may arise. (b) No Certificateholder (including the Seller if the Seller becomes a Certificateholder) shall have any personal liability for any liability or obligation of the Issuer.

  • Fees, Expenses and Reimbursement (a) The Board may cause the Fund to compensate each Manager who is not an "interested person" of the Fund (as defined in the 1940 Act), and such Manager shall be reimbursed by the Fund for reasonable travel and out-of-pocket expenses incurred by him in performing his duties under this Agreement. (b) The Fund shall bear all costs and expenses incurred in its business and operations. Costs and expenses to be borne by the Fund include, but are not limited to, the following: (1) all costs and expenses directly related to investment transactions and positions for the Fund's account, including, but not limited to, brokerage commissions, research fees, interest and commitment fees on loans and debit balances, borrowing charges on securities sold short, dividends on securities sold but not yet purchased, custodial fees, margin fees, transfer taxes and premiums, taxes withheld on foreign dividends, and indirect expenses from investments in Investment Funds; (2) all costs and expenses associated with the operation and registration of the Fund, offering costs and the costs of compliance with applicable Federal and state laws; (3) all costs and expenses associated with the organization and operation of separate Investment Funds managed by Investment Managers retained by the Fund; (4) the costs and expenses of holding meetings of the Board and any meetings of Members, including costs associated with the preparation and dissemination of proxy materials; (6) the fees and disbursements of the Fund's counsel, legal counsel to the Independent Managers, auditing and accounting expenses and fees and disbursements for independent accountants for the Fund, and other consultants and professionals engaged on behalf of the Fund; (7) the fees payable to custodians and other persons providing administrative services to the Fund; (8) the costs of a fidelity bond and any liability insurance obtained on behalf of the Fund or the Board or Indemnitees; (9) all costs and expenses of preparing, setting in type, printing, and distributing reports and other communications to Members; and (10) such other types of expenses as may be approved from time to time by the Board. (c) Subject to procuring any required regulatory approvals, from time to time the Fund may, alone or in conjunction with other registered or unregistered investment funds or other accounts for which CSFB Alternative Capital, or any Affiliate of CSFB Alternative Capital, acts as general partner or investment adviser, purchase insurance in such amounts, from such insurers and on such terms as the Board shall determine.

  • Organization Expenses All expenses incurred in connection with organization of the Company will be paid by the Company.

  • General Expenses You authorize the Manager to charge your account with your Underwriting Percentage of all expenses of a general nature incurred by the Manager and Co-Managers under the applicable AAU in connection with the Offering, including the negotiation and preparation thereof, or in connection with the purchase, carrying, marketing and sale of any securities under the applicable AAU and any Intersyndicate Agreement, including, without limitation, legal fees and expenses, transfer taxes, costs associated with approval of the Offering by the NASD and the costs of currency transactions (including forward and hedging currency transactions) entered into to facilitate settlement of the purchase of Securities permitted under Section 3.1 hereof.

  • Expenses Reimbursement State Street shall be entitled to receive from the Fund on demand reimbursement for its cash disbursements, expenses and charges, excluding salaries and usual overhead expenses, as set forth in Schedule A.

  • Professional Expenses Each calendar year during the Employment Term, the Company agrees to reimburse the Executive for up to $10,000 of reasonable professional expenses (i.e., accounting, financial planning, estate planning expenses) incurred by the Executive during such year for personal advice rendered to the Executive.

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