Common use of Accountable Expense Clause in Contracts

Accountable Expense. The expenses described in Section 3.10.1 are referred to collectively as the “Expenses.” Notwithstanding anything contained herein to the contrary, the total reimbursed Expenses are not to exceed $100,000. On the Closing Date, all Expenses paid or reimbursed by the Company (with the exception of any clearing DTC charges) shall reduce the Advisory Fee on a dollar-for-dollar basis.