Timing of and Additional Limitations on Reimbursements. (i) Expenses incurred by the Advisor on behalf of the Company and reimbursable pursuant to this Article 9 shall be reimbursed no less than monthly to the Advisor. The Advisor shall prepare a statement documenting the expenses of the Company during each quarter and shall deliver such statement to the Company within 45 days after the end of each quarter.
Timing of and Additional Limitations on Reimbursements. Commencing upon the earlier to occur of (i) the fifth fiscal quarter after the Company makes its first Investment or (ii) six (6) months after the commencement of the Company’s initial Offering, expenses incurred by the Advisor on behalf of the Company or in connection with the services provided to the Company (including any expenses paid or incurred by third parties engaged by the Advisor to render any portion of such services) and reimbursable pursuant to this Article 9 shall be reimbursed, no less than monthly, to the Advisor in the manner and proportion directed by the Advisor. The Advisor shall prepare a statement documenting the expenses of the Company during each month and shall deliver such statement to the Company within three (3) business days after the end of each month.
Timing of and Additional Limitations on Reimbursements. (i) Expenses incurred by the Sub-Advisor on behalf of the Company, the Advisor or the NSAM Sub-Advisor and reimbursable pursuant to this Article 5 shall be reimbursed no less than quarterly to the Sub-Advisor. The Sub-Advisor shall prepare a statement documenting its expenses incurred on behalf of the Company, the Advisor or the NSAM Sub-Advisor during each quarter and shall deliver such statement to the NSAM Sub-Advisor within 30 days after the end of each quarter.
Timing of and Additional Limitations on Reimbursements. (a) The Advisor shall prepare a statement documenting the expenses paid or incurred by the Advisor, the Sub-Advisor and their respective Affiliates for the Company or its subsidiaries, including the Operating Partnership, on a monthly basis. The Company shall reimburse the Advisor, the Sub-Advisor and their respective Affiliates for any expenses reimbursable in accordance with this Section 11 within twenty (20) days after receipt of such statements.
Timing of and Additional Limitations on Reimbursements. Expenses incurred by the Manager on behalf of the Park View Entities and reimbursable pursuant to this Article 9 shall be reimbursed no less than monthly to the Manager. Monthly reimbursement payments will be limited to no more than 2% of current fund assets. The Manager will prepare a statement documenting the expenses of the Park View Entities during each quarter and will deliver such statement to the Park View Entities within 45 days after the end of each quarter. Personnel and related employment costs incurred by the Manager or its Affiliates in performing the services described in Section 3.06 and Section 3.07 hereof, including salaries and wages, benefits and overhead of all employees directly involved in the performance of such services, shall be paid for by the Manager and are not subject to reimbursement by the Park View Entities.
Timing of and Additional Limitations on Reimbursements. Expenses incurred by the Manager on behalf of the sxXXXX Entities and reimbursable pursuant to this Article 9 shall be reimbursed no less than monthly to the Manager. The Manager shall prepare a statement documenting the expenses of the sxXXXX Entities during each quarter and shall deliver such statement to the sxXXXX Entities within 45 days after the end of each quarter. Personnel and related employment costs incurred by the Manager or its Affiliates in performing the services described in Article 3 hereof, including salaries and wages, benefits and overhead of all employees directly involved in the performance of such services, shall be paid for by the Manager and are not subject to reimbursement by the sxXXXX Entities.
Timing of and Additional Limitations on Reimbursements. (i) Expenses incurred by the Advisor on behalf of the Company and reimbursable pursuant to this Article 9 shall be reimbursed no less than monthly to the
Timing of and Additional Limitations on Reimbursements. (i) the Company shall not reimburse the Advisor at the end of any fiscal quarter Operating Expenses that, in the four consecutive fiscal quarters then ended (the “Expense Year”) exceed (the “Excess Amount”) the greater of 2% of Average Invested Assets or 25% of NASAA Net Income (the “2%/25% Guidelines”) for such year unless the Independent Directors Committee determines that such excess was justified, based on unusual and nonrecurring factors which it deems sufficient.
Timing of and Additional Limitations on Reimbursements. (a) Expenses incurred by the Manager, the Sponsor or their respective Affiliates on behalf of any member of the Company Group and reimbursable pursuant to this Article 9 shall be reimbursed no less than monthly. The Manager, the Sponsor and their respective Affiliates, as applicable, shall prepare statements documenting the expenses the members of the Company Group during each quarter and shall deliver such statement to the Company within 60 days after the end of each quarter.
Timing of and Additional Limitations on Reimbursements. Expenses incurred by the Sub-Advisor on behalf of the Company and reimbursable pursuant to this Section 10 shall be reimbursed no less frequently than monthly to the Sub-Advisor.
