Non-Reimbursable definition
Examples of Non-Reimbursable in a sentence
Costs incurred to remedy Defective Work are Non-Reimbursable Costs.
Each Party shall pay its own costs and expenses in relation to the negotiation, preparation, execution and carrying into effect of this Agreement and the JV Agreement which, in the case of Contractor, constitute Non-Reimbursable Costs hereunder.
Contractor shall not include any Non-Reimbursable Costs in a Request for Payment or otherwise seek reimbursement from Owner of any Non-Reimbursable Costs.
The Sub-Adviser acknowledges and agrees that the Sub-Adviser and the Adviser will be equally responsible for the payment of all Excess Non-Reimbursable Expenses.
Moreover, the term “Excess Non-Reimbursable Expenses” means Non-Reimbursable Expenses in an amount exceeding $2,000,000.00.
For the further avoidance of doubt, the parties acknowledge and agree that the Adviser shall be solely responsible for the payment of the first $2,000,000.00 of Non-Reimbursable Expenses as well as any Sales and Marketing Costs, in each case not otherwise reimbursable by the BDC to the Adviser or its Affiliates.
Refundable deposits, such as utility deposits, also constitute a Non-Reimbursable Cost.
The City shall pay Developer approved amounts in the Reimbursement Request, less any Non-Reimbursable Costs and Contested Charges (as defined below) on or before the Payment Date.
Notwithstanding Section 6.08(a), the Authority shall have the right to deduct from the Management Fee any amounts due to the Authority from the Contractor, including, but not limited to, Non-Reimbursable Expenses and Liquidated Damages as described in Article 6 and Article 12, herein.
Non-Reimbursable Expenses Are As Follows: Non-reimbursable expenses include alcoholic beverages, expenses associated with a non-employee who accompanies the employee on official business, personal expenses, and traffic fines or parking tickets.