Separate Expenses Clause Samples
The Separate Expenses clause defines which costs or expenditures are to be borne individually by each party rather than shared or reimbursed. In practice, this clause typically lists specific types of expenses—such as travel, legal fees, or operational costs—that each party is responsible for paying on their own, regardless of the overall project or agreement. Its core function is to prevent disputes by clearly allocating financial responsibility, ensuring that each party understands and accepts their own obligations for certain expenses.
Separate Expenses. All items not paid by the Parties pursuant to this Agreement shall be paid for separately by each of the Parties, including, without limitation, separate printing, postage, stationery and services rendered by third parties.
Separate Expenses. The Buyer, on the one hand, and the Sellers, on the other hand, will pay their respective legal, accounting, tax, or other advisors' expenses incurred in pursuing and consummating the Contemplated Transactions.
Separate Expenses. Each Project Partnership shall be solely responsible for paying in a timely manner and when due all costs, expenses and charges that directly relate to its or its Project's use of or activities with respect to the Cotenancy Assets, the Property or its Individually-Owned Assets, including, without limitation, all (a) costs and expenses of extracting, injecting and transporting geothermal resources or spent geothermal effluent for, to or from its Project or disposing of scale and other waste products resulting from its operations (except as otherwise provided in the Exchange Agreement), (b) charges for electricity, water and other utilities and services, (c) costs, expenses and charges associated with the development, construction, installation, erection, drilling, use, operation, maintenance, repair, alteration, reconstruction, dismantling, removal and replacement in, on or of any Individually-Owned Property (except as otherwise provided in the Exchange Agreement) and (d) royalties and other charges (except minimum royalties and Right of Way rentals payable to the BLM or the MMS, which shall be paid pursuant to Section 9.3 hereof) payable to or assessed by the BLM, the MMS, the Navy or any other entity and that are attributable to such Project Partnership's use of, activities with respect to or production of geothermal resources from the Leases or the Leasehold Premises. Notwithstanding anything to the contrary contained herein, any and all costs, expenses and charges associated with the Jointly- Owned Assets (regardless whether such costs, expenses and charges are directly related to a particular Project Partnership's use of or activities with respect to the Cotenancy Assets or the Property) shall, unless otherwise agreed upon by all of the Project Partnerships or otherwise provided for in the Exchange Agreement, be payable by each Project Partnership in proportion to its Interest.
Separate Expenses. Except as expressly provided in Section 3, each Party shall be responsible for its own expenses relating to its participation in the Business as contemplated herein, including without limitation, legal, accounting and travel expenses, and no Party shall be responsible or liable for any obligations of the other Party, without the express written approval of both Parties.