Responsibilities Regarding Company Expenses; Payment of Ordinary Expenses Sample Clauses

Responsibilities Regarding Company Expenses; Payment of Ordinary Expenses. In accordance with Article IX of this Agreement, the Manager agrees that it shall use the proceeds of the Annual Management Fee to pay for normal, recurring daily operating expenses of the Company, incurred in the ordinary course of business, including, without limitation, accounting, record keeping, rent, utilities, providing necessary documents, and any other normal, recurring day-to-day operating expenses. Notwithstanding the foregoing, the Manager shall not be responsible for expenses incurred outside of the ordinary course of business of the Company, including, without limitation, legal fees, litigation costs, audits by outside agencies, audits conducted pursuant to Section herein, natural disasters, economic disruption, theft or fraud by third parties, and any extraordinary expenses incurred outside the normal course of business, including any costs associated with securing the return of the original investment capital to the Company.
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Related to Responsibilities Regarding Company Expenses; Payment of Ordinary Expenses

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