Operational Expenses definition
Examples of Operational Expenses in a sentence
Operational Expenses exclude the Organizational Expenses and costs to develop Database IP, which are the responsibility of the Manager.
To the extent that any payment of Operational Expenses of the Company by the Manager is not reimbursed by the Company and is properly allocable as an expense of the Company for federal, state and local tax purposes, a portion of the Management Fees for a like amount shall be treated as a reimbursement to the Manager for such expenses and not as a payment of Management Fees.
In the performance of the Services, PR Firm shall incur certain expenses which are considered to be ordinary internal operational expenses (the "Ordinary Operational Expenses") and, as such, are to be paid by PR Firm and not passed on to the Client in any way.
For items that are associated with Operational Expenses, the allocation may be included in the flat monthly fees reflected on the Service Schedules.
The funds required for purchase of material under this contract are paid by GVKEMRI from the Operational Expenses that are released by the Government of Karnataka from time to time.