Owner’s Expenses definition

Owner’s Expenses means any and all expenses paid for by Owner from Owner’s own funds on a cash basis and not from the Bank Accounts (unless otherwise expressly allowed herein), which shall not be a Property Expense.
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Owner’s Expenses has the meaning set forth in Section 9.3.
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Owner’s Expenses has the meaning set forth in Section 9.1. “Party” means each of SCI, FG Manager, and the Company. “Project Manager” has the meaning set forth in Section 2.7.
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Examples of Owner’s Expenses in a sentence

  • All expenses for insurance premiums and deductibles, real property taxes and any contests related thereto, and Waikiki Business Improvement District assessments and any contests related thereto shall, to the extent not reimbursed by the tenants under Tenant Leases, be Owner’s Expenses if pre-approved by Owner’s Supermajority Consent or included in the approved Annual Budget.

  • Thereafter, in the event that the Owner’s Expenses exceed the total amount of Concession Operations Fee and the Food Preparation Area Operating Fee by ten percent (10%) or more in any year after the initial year of the Term, the City may initiate renegotiation of the financial provisions of this Article by providing 90 days’ written notice to the other Parties.

  • In the event that the Concession Operations Fee and the Food Preparation Area Operating Fee in any year exceeds the total of (i) the Owner’s Expenses in that year and (ii) any unreimbursed Owner’s Expenses from previous years, the amount of such excess shall not be paid to the City, or if paid, shall be refunded by the City to Concessionaire at the latest time specified in Section 7.5 herein.

  • Owner’s Expenses shall be reimbursed within five (5) days after the delivery to Owner of the Monthly Report detailing such Owner’s Expenses.

  • For the avoidance of doubt, all Management Fee installments and Owner’s Expenses payable with respect to any Accounting Quarter (whether due and payable during or after such Accounting Quarter) shall be deducted in the calculation of Net Income for such quarter for purposes of such computation.

  • The term “Rental Program Reserve Fund” shall mean the funds remaining at the end of the year after payment of all Rental Program Expenses, distributions to all Rental Program Unit Owners, and payment of Owner’s Expenses for all Rental Program Units.

  • The Unpaid Operating Costs and all Owner’s Expenses shall be paid by the Company directly to an account of SCI or its wholly owned subsidiary Past Enterprises, Inc.

  • Construction costs are Owner’s Expenses that shall be paid for by Owner on a cash basis from Owner’s own funds (and not from the Agency Accounts) and shall be reimbursed by Owner to Operator.

  • Any Owner’s Expenses advanced by or on behalf of SCI or FG Manager while Services are being performed by SCI or FG Manager, shall be reimbursed by the Company monthly in cash; provided that SCI and FG Manager represent and warrant that the Operating Costs invoiced by each, as defined herein, shall be sufficient, but not in excess of the amount, necessary to leave SCI and FG Manager without having to incur any out of pocket costs to provide the Services.

  • If any such dispute is not resolved prior to the payment due date for such Owner’s Expenses, the Company may withhold any disputed amounts from its payment for such Owner’s Expenses; provided that the Company shall be required to pay the undisputed portion of any invoice provided by SCI or FG Manager and the Company shall promptly pay any remainder upon the resolution of the dispute.


More Definitions of Owner’s Expenses

Owner’s Expenses includes, but are not limited to, the following amounts payable in respect of a Property:
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Owner’s Expenses means the expenses incurred by the HOA on behalf of a Rental Program Unit owner for repair, replacement and maintenance of a Rental Program Unit plus any cash advances made from the Rental Program on the Rental Program Unit owner’s behalf.
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Owner’s Expenses shall be as defined in Section A.4.3;
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Related to Owner’s Expenses

  • Lenders’ Expenses are all audit fees and expenses, costs, and expenses (including reasonable attorneys’ fees and expenses, as well as appraisal fees, fees incurred on account of lien searches, inspection fees, and filing fees) for preparing, amending, negotiating, administering, defending and enforcing the Loan Documents (including, without limitation, those incurred in connection with appeals or Insolvency Proceedings) or otherwise incurred by Collateral Agent and/or the Lenders in connection with the Loan Documents.

  • O&M Expenses means expenses incurred by or on behalf of the Developer or by the Authority, as the case may be, for all O&M including (a) cost of salaries and other compensation to employees, (b) cost of materials, supplies, utilities and other services, (c) insurance premium, (d) all taxes, duties, cess and fees due and payable for O&M, (e) all repair, replacement, reconstruction, reinstatement, improvement and maintenance costs, (f) payments required to be made under the O&M Contract, or any other contract in connection with or incidental to O&M, and (g) all other expenditure required to be incurred under Applicable Laws, Applicable Permits or this Agreement.

  • Operational Expenses means expenses of the clerk of court used to maintain the clerk's office and

  • Management Expenses means the costs, charges and expenses necessarily and reasonably incurred or to be incurred for the management and maintenance of the Land and the Building and the Common Areas and Facilities therein to be borne by the Owners including the remuneration of the Manager as provided in this Deed;

  • Travel Expenses means any costs incurred by Licensor associated with the transportation, storage or lodging of equipment, supplies, Licensor employees and other items necessary for business use from Licensor headquarters to Licensee’s facilities. Travel expenses may include, but are not limited to airfare, hotel costs, and meals if applicable. Any travel expenses paid by the Licensee shall be paid at allowable government travel rates consistent with Management Directive 230.10, unless otherwise first approved by the Licensee’s authorized representative.