Rental Expenses Clause Samples

Rental Expenses. The Company (and/or its Subsidiaries) shall pay --------------- all costs to rent a new residence which is located within thirty-five (35) miles of the location of the Company's new principal executive offices, to be selected by the Executive and which is comparable to the Executive's then current residence including all utilities, maintenance, insurance and other occupancy costs (the "Old Residence"); provided, however, in the event the Executive rents the Old Residence to a third party, the amount of the rental the Company (and/or its Subsidiaries) pay shall be reduced by the amount of rent (net of expenses) received by the Executive with respect to the Old Residence. The Company's (and/or its Subsidiaries') obligation shall terminate upon the earlier of (i) such time as the Executive, without any obligation to do so, sells or disposes of the Old Residence; or (ii) thirty (30) months after the date of the Relocation.

Rental Expenses. GSD will reimburse Gyrodyne for all rental expenses, whether value added (such as contractor and consultant expenses) or non-value added (such as utilities and taxes) paid by Gyrodyne in respect of the Contributed Properties.

Rental Expenses. Employer shall reimburse Employee, up to a maximum of $5000, for the cost of rental housing for Employee in or near Monterey. Such reimbursement shall be limited to the time Employee is paying rental expenses at her apartment in New York while at the same time paying for temporary rental housing in or near Monterey.

Rental Expenses. The Company is currently under a lease for its office space and subject to a monthly rent payment of $2,800. The Sellers agree to use their best efforts to seek sub-tenant for the office space within 90 days of the Closing Date in order to reduce the monthly rent expenses by approximately half. The Sellers warrant and guarantee to the Buyer that should they be unable to find a sub-tenant they shall be personally responsible for half of the rent expenses the Company is subject to pay each month after 90 days of the Closing Date until the expiration of the lease in approximately two years.

Rental Expenses. Rental charges for non-affiliated third-party equipment will be considered reimbursable and will be reimbursed at actual costs, as long as rental rates are consistent with those prevailing in the locality. Such equipment will be exclusive of small tools, and limited to the direct costs of transportation, delivery, installation, dismantling, removal, and maintenance. Rental charges will be equitably prorated if the foregoing equipment is not exclusively devoted to the Project. For rental charges for items described in Section 3.2 that are rented from the General Contractor or an affiliate, the aggregate rental amounts (exclusive of all installation, maintenance, dismantling, removal, transportation, and delivery costs) for any one piece of equipment cannot exceed 80% of the purchase price (at the time it is placed in service) during the rental period of the equipment used for this Project. Agreed rates for equipment that is owned by the General Contractor or an affiliate and rented to the Project are subject to these same terms and are included in Exhibit F-2. Upon Owner's request, General Contractor will present an analysis of an opportunity to purchase rather than rent the item. All purchased items will be a Chargeable Cost and title to the property will vest to Owner upon Final Completion.

Rental Expenses