Reimbursement of Out of Pocket Expenses. (a) In addition to paying MUIS the fees as may be mutually agreed in writing from time to time, each Trust agrees to reimburse MUIS for its reasonable out-of-pocket expenses (for which no mark-up for MUIS overhead expenses shall be included) in providing services hereunder, as set forth in that certain fee letter agreement entered into between MUIS and each Trust as the same may be amended, modified or supplemented from time to time.
Reimbursement of Out of Pocket Expenses. The Manager shall pay all reasonable out-of-pocket expenses incurred and paid the Manager and its agents and consultants (“Out-of-Pocket Expenses”), pursuant to the policies and procedures established by the Manager and approved by the Owner and in accordance with the Budget, and consistent with the allocations set forth in Exhibit D hereto, for the payment or reimbursement of such costs with respect to activities conducted for the Owner pursuant to this Agreement. The Owner shall reimburse the Manager for all such Out-of-Pocket Expenses paid by the Manager to Third Parties on behalf of the Owner or in connection with the Business of the Owner, and on or before the 20th day after each Calendar Month in which the Manager incurs Out-of-Pocket Expenses, the Manager will invoice the Owner for such Out-of Pocket Expenses paid to Third Parties during the preceding month accompanied by reasonable supporting detail. At any time that is not less than ten (10) Business Days following the date that Owner receives an invoice for Out-of-Pocket Expenses pursuant to this Section 5.2, the Manager may apply any funds that it holds on behalf of Owner to payment of the amount specified in such invoice, less any amount(s) to which Owner has reasonably objected in writing during such 10-Business Day period. If the Owner timely objects to any amount in any such invoice, Owner and Manager shall use their reasonable commercial efforts to resolve such dispute amicably, and promptly after the resolution of such matter, the Manager may apply any funds that it holds on behalf of Owner to payment of the amount determined to be owing to the Manager. If the funds that the Manager holds on behalf of Owner are insufficient to pay in full when due the amounts due to the Manager pursuant to this Section 5.2, then Owner will promptly make payment to the Manager of the amount due and unpaid in immediately available funds by wire transfer to an account specified by the Manager to Owner. Payment of Out-of-Pocket Expenses shall not prejudice or otherwise affect the right of Owner to audit any amounts of the Out-of-Pocket Expenses for compliance with this Agreement and to seek reimbursement from Manager for any Out-of-Pocket Expenses that were not incurred in accordance with this Agreement.
Reimbursement of Out of Pocket Expenses. The Borrower shall reimburse the reasonable legal fees, professional fees, disbursements, out of pocket costs (including any applicable taxes thereon), fees associated with bank drafts, cashiers’ cheques, mail, collection and demand letters, non-sufficient funds, wire transfers and email money transfers, incurred by or for the account of the Lender in connection with the transactions contemplated herein. The Lender may deduct such costs incurred directly from any advances under the Loan. The Borrower shall also reimburse the reasonable legal fees, professional fees, disbursements and out of pocket costs (including any applicable taxes thereon) fees associated with bank drafts, cashiers’ cheques, mail, collection and demand letters, non-sufficient funds, wire transfers and email money transfers incurred by or for the account of the Lender in connection with enforcing any of the Lender’s rights under this Promissory Note or any of the other transaction documents contemplated under this Promissory Note.
Reimbursement of Out of Pocket Expenses. The Company will reimburse GAC promptly for all reasonable out-of-pocket expenses including GAC’s legal fees, provided however, that any individual expense item, other than legal fees, which exceeds one thousand dollars ($1,000) shall be approved in advance, in writing, by the Company. Expenses, excluding legal fees, shall not exceed $5,000 in the aggregate without the prior approval of the Company. The Company shall pay the third-party Closing Escrow Agent (of GAC’s choosing) fee directly to the Escrow Agent. Such fee shall not exceed $5,000 and shall cover all closings, closing documents and memorialisation.
Reimbursement of Out of Pocket Expenses. Subject to Section 5.2 below, the Client shall reimburse the Banker for any out-of-pocket expenses, not to exceed $50,000 in the aggregate, incurred by the Banker in connection with the provision of the Services (the “Reimbursable Expenses”) on a timely basis upon presentation of appropriate documentation.
Reimbursement of Out of Pocket Expenses. (a) It is agreed that Lessee shall reimburse Manager and its Affiliates for actual, reasonable and necessary out-of-pocket costs which they shall incur as an Operating Cost in connection with the performance of this Agreement (collectively, the “Reimbursed Expenses”). Such reimbursements shall be in addition to the Management Fee.
(b) Reimbursed Expenses may include, without limitation, reasonable travel, meals, lodging, entertainment, telephone, electronic communication, postage, air express, costs of recruitment (including applicable agent’s fee) and other incidental expenses; provided that, none of the foregoing expenses shall be for items of administrative overhead of Manager.
(c) Initially, Manager shall be entitled to reimbursement of Reimbursed Expenses with respect to each Hotel from the Bank Account of such Hotel at the time incurred and such Reimbursed Expenses shall be reported in detail in the Lessee’s Report as provided for in Section 6.1(e). However, Lessee, at its election, may in the future implement a procedure requiring that Reimbursed Expenses be submitted to Lessee for prior written approval, such approval not to be unreasonably withheld or delayed, and then reimbursed from such Bank Account promptly following such prior written approval.
Reimbursement of Out of Pocket Expenses. NovaMedica shall promptly reimburse Marinus for all Out-of Pocket Expenses incurred by Marinus in performing its obligations under this Agreement with exception obligations related to Marinus participation in JSC, JDC and JCC.
Reimbursement of Out of Pocket Expenses. It is agreed that Operator shall reimburse Manager and its Affiliates for any out-of-pocket costs and expenses actually incurred by Manager and paid to third-parties in rendering services to the Hotel including, without limitation, the reasonable travel expenses of Manager’s Regional Team (all of which shall be treated as Operating Costs) (the “Reimbursed Expenses”); provided; however, Manager agrees and acknowledges that it shall only be entitled to reimbursement for such Reimbursed Expenses to the extent that (a) such services provided theretofore were performed for the benefit of the Hotel (i.e., the Hotel shall only bear its pro rata cost if such expenses were incurred for the mutual benefit of the Hotel and any other hotel or property owned or managed by Manager or its Affiliates); (b) such Reimbursed Expenses were set forth in the Approved Budget (which shall include a schedule of the Reimbursed Expenses anticipated to be incurred by Manager in the subject year ) or otherwise approved by Operator in writing (such approval may be granted or withheld by Operator in its sole and absolute discretion); and (c) Manager receives no profit or xxxx-up in connection therewith. For avoidance of doubt, Manager shall not be entitled to reimbursement of overhead or other prorata charges for management’s home office or home office employees, except as expressly permitted pursuant to and in accordance with Section 5.4(a).
Reimbursement of Out of Pocket Expenses. The Customer will reimburse the Provider for all (a) reasonable out-of-pocket expenses (including travel expenses) that arise out of the provision of the Management Services pursuant to this Agreement incurred by the Provider or its subsidiaries (the “Out-of-Pocket Expenses”) and (b) sales or similar non-income taxes incurred by the Provider or its subsidiaries in connection with the provision of Management Services pursuant to this Agreement (together with the Out-of-Pocket Expenses, “Expenses”) will be reimbursed by the Customer; provided, however, that for any Expense described in clause (a) in excess of $1,000 per occurrence or event, the Provider or its subsidiaries will be required to obtain prior approval thereof from the Customer, which approval will not be unreasonably withheld. For the avoidance of doubt, Out-of-Pocket Expenses will not include any general administrative overhead expenses related to the Business including employee salaries, equipment, insurance (other than insurance directly attributable to the Non-Chuy’s Restaurant Group) and supplies incurred by the Provider in providing the Management Services.
Reimbursement of Out of Pocket Expenses. It is agreed that Owner, subject to the Approved Budget, shall reimburse Manager and its Affiliates for actual, reasonable and necessary out-of-pocket costs incurred by them in the performance of this Agreement as an Operating Cost. Such costs shall include, but not be limited to, reasonable travel, entertainment, telephone, telegraph, electronic communication, postage, air express, costs of recruitment (including applicable agent's fee) and other incidental expenses. It is agreed that Manager shall be entitled to reimbursement of these expenses directly from the Bank Account at the time incurred. Such reimbursements shall be in addition to the Base Management Fee and other fees and payments due hereunder.
