Reimbursable Expenditures definition

Reimbursable Expenditures shall have the meaning ascribed to such term in Section 5.4.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Reimbursable Expenditures. Any expenditure by a party permitted ------------------------- or required under this Lease, for which such party is entitled to demand and does demand reimbursement from the other party, shall be limited to the actual cost to the demanding party of the goods and/or services giving rise to such expenditure, which cost shall not exceed the fair market value of such goods and/or services; shall be reasonably incurred; and shall be substantiated by documentary evidence available for inspection and review by the other party or its representative during normal business hours.

Reimbursable Expenditures means qualified, documented expenditures paid by the grantee and properly submitted in receipt form with a quarterly financial report to be paid by the grantor.

Examples of Reimbursable Expenditures in a sentence

Under this option, the District understands the CCIU will have to apply to the County for its approval of any such expenditure(s) as Reimbursable Expenditures, which may delay or prevent distribution of such funds.
Under the modality of Reimbursable Expenditures and pursuant to a mandate without representation the Contractor should implement all commitments undertaken at its own expense and Ecopetrol S.A. should reimburse the costs incurred and authorized in advance after fulfilling the requirements herein set out.
Reimbursable Expenditures shall not include (i) the purchase of any construction materials, (ii) the performance of any construction activity, (iii) payment for any necessary governmental approvals including, but not limited to a building permit, or (iv) the cost of Landlord or its affiliates Fan Pier Development LLC or The Fallon Company, LLC’s overhead, personnel, legal and/or accounting expenses.
In the event Tenant pays the Reimbursable Expenditures as set forth above and within twelve months thereafter Landlord enters into a new lease or leases using the Base Building Work Plans, with a comparable effective rent, then Landlord shall cause its affiliate to return the Reimbursable Expenditures previously received by Landlord or its affiliates to Tenant.
Pay the purchase of inputs and services covered under Reimbursable Expenditures.
The Manager and the Contractor should be aware of each month’s deadline established by Ecopetrol’s Coordination of Payables to file all documentation required to the accounting for Reimbursable Expenditures and the payment thereof.
During the planning of the contractual arrangement the Requesting Official should assert whether it is necessary to: · Include Reimbursable Expenditures, in which case all items to be included should be listed.
The Exchange Offering Indenture Trustee shall have no responsibility whatsoever for any amounts owed pursuant to an Indemnified Claim or for any Reimbursable Expenditures.
The obligation of Tenant to reimburse Fan Pier Development LLC for Reimbursable Expenditures pursuant to this paragraph shall survive the termination of this Lease, provided, however that all work that results in further Reimbursable Expenditures shall cease as of the date of such termination.
Notwithstanding termination of this Agreement, Manager shall remain entitled to reimbursement of Reimbursable Expenditures made on or before the date of termination, and to compensation hereunder for all periods ended on or before the date of termination, including but not limited to Manager's prorated share of the Monthly Management Fee and any Incentive Fee that Manager is entitled to.

More Definitions of Reimbursable Expenditures

Reimbursable Expenditures means (a) all Authorized Expenditures made by Manager out of its own funds (it being acknowledged and agreed that Manager shall have no obligation to advance any funds for the making of Authorized Expenditures); and (b) all costs and expenses directly related to the transition of management of the Project to Manager, including without limitation, costs and expenses associated with travel by the agents or employees of Manager with respect to the operation and transition of the Project, payroll costs and expenses of the agents and employees of Manager involved in the transition and operation of the Project, management software systems setup charges, and any other out of pocket costs of Manager and fees incurred with respect to such transition.

Reimbursable Expenditures means assignment related costs other than Consultant’s remuneration.

Reimbursable Expenditures means, without duplication, the sum of (a) the product of (i) Protective Advances made by NW Capital multiplied by (ii) the ratio of (x) the then outstanding principal balance of the Exchange Offering Indenture Note to (y) the then outstanding principal balance of the Rights Offering Indenture Note, plus (b) the amount of any other liability or expense incurred by NW Capital or any Indemnified Party which is subject to repayment, reimbursement or indemnification pursuant to the terms of this Agreement, the sum of which shall accrue at the Base Interest Rate.

Reimbursable Expenditures has the meaning set forth in Section 3 (“Compensation for Services”) of the Agreement.

Reimbursable Expenditures means, collectively, (i) all capital expenditures incurred by the Vendor or its predecessors in interest with respect to the Brookfield Place Assets after December 31, 2009 that were disclosed in the Business Plan, and (ii) all expenses (including all commissions, legal fees and expenses, tenant allowances, tenant inducements, and lease take-over, assignment, assumption or similar expenses) that were incurred by the Vendor or its predecessors in interest with respect to the Brookfield Place Assets and all Leases in respect of which the Tenants were given possession of their leased premises after January 1, 2010, to the extent that any such capital expenditures and expenses have not been reimbursed by Tenants as at the Closing Date.

Reimbursable Expenditures for a pertinent calendar month collectively means (1) base salary of employees and independent contractors (computed using 240 calendar days), including one employee who shall office at the Management Firm’s location at a base salary not to exceed $4,000 per month (with annual raises not to exceed 5% on an annual basis and a bonus not to exceed 10% per year) (herein designated “Permitted Salary”); (2) bonus compensation of employees and independent contractors (herein designated “Permitted Bonuses”), (3) employee and independent contractor expense reimbursements related to performance of the Hess Contract; and (4) a charge of five thousand dollars ($5,000) per month, which shall be increased annually on each January 1 in accordance with the Consumer Price Index for the prior year, and (5) any other taxes or third party costs related to this Agreement, including, without limitation worker’s compensation and franchise taxes.