Allowable Expenses and Allowable Operating Expenses Sample Clauses

Allowable Expenses and Allowable Operating Expenses. CTI shall be responsible for ***** of all Allowable Expenses and Allowable Operating Expenses in the Co-Promotion Territory, and ORTHO shall be responsible for ***** of all Allowable Expenses and Allowable Operating Expenses in the Co-Promotion Territory. An accounting of Allowable Expenses and Allowable Operating Expenses incurred by CTI and ORTHO within a Commercialization Plan and Commercialization Budget shall be submitted by CTI to ORTHO, and ORTHO to CTI, within ***** of the end of each calender quarter and within ***** of the end of each calender year in which such expenses were incurred. ORTHO shall repay CTI within ***** of its receipt of such report, if any sum is due to CTI, and shall be paid by CTI within the same time period if any sum is due from CTI.
View Source
Allowable Expenses and Allowable Operating Expenses. CTI shall be responsible for fifty percent (50%) of all Allowable Expenses and Allowable Operating Expenses in the Co-Promotion Territory, and ORTHO shall be responsible for fifty percent (50%) of all Allowable Expenses and Allowable Operating Expenses in the Co-Promotion Territory. An accounting of Allowable Expenses and Allowable Operating Expenses incurred by CTI and ORTHO within a Commercialization Plan and Commercialization Budget shall be submitted by CTI to ORTHO, and ORTHO to CTI, within thirty (30) days of the end of each calender quarter and within sixty (60) days of the end of each calender year in which such expenses were incurred. ORTHO shall repay CTI within forty-five (45) days of its receipt of such report, if any sum is due to CTI, and shall be paid by CTI within the same time period if any sum is due from CTI.
View Source

Related to Allowable Expenses and Allowable Operating Expenses

  • Allowable Expenses Contractor may submit for reimbursement, without mark-up, only the following categories of expense:

  • Operating Expenses During the term of this Lease Tenant shall pay to Landlord as additional rent all ad valorem taxes and operating expenses and other charges of every kind and nature (“Operating Expenses”) incurred or paid by Landlord in connection with the maintenance, repair, operation, management, or ownership of the Premises. If requested, Tenant agrees to pay Landlord on the first day of each calendar month, together with the payment of rent, such amount as Landlord estimates from time to time as necessary to pay such expenses. Landlord shall ▇▇▇▇ Tenant annually after the end of each year for such expenses. In the event the aggregate of Tenant’s installments during the year shall be less than the amount of Operating Expenses due from Tenant, such deficiency shall be paid to Landlord within ten (10) days after demand therefore. In the event the aggregate of Tenant’s installments during the year shall be more than the amount of Operating Expenses due from Tenant, such overpayment shall be applied to Tenant’s next monthly installment of Operating Expenses and Rent. As used herein, the term “Operating Expenses” shall include the cost of maintaining casualty and public liability insurance covering the Premises, real estate ad valorem taxes and all costs of managing, operating and maintaining the Premises, including but not limited to: costs of constructing, maintaining and repairing on site and off-site traffic controls; decorating, painting, lighting, sanitary control, and removal of trash, garbage and other refuse; maintenance, repair and replacement of utility systems serving any common areas, including water, sanitary sewer and storm water lines and other utility lines, pipes and conduits; costs of utilities, including water, sewer, electricity, and gas; janitorial, sweeping and cleaning services, trash bin rentals, trash pickup fees, licenses, permits and inspection fees; parking lot painting and restriping; planting, irrigating, gardening and landscaping; signs and markers; parking control and security guards and fire protection or detection service; all general maintenance and repair; other general operation and maintenance costs and expenses; all labor and supplies required by the foregoing; and administrative costs directly attributable thereto.

  • Operating Expense Payments Landlord shall deliver to Tenant a written estimate of Operating Expenses for each calendar year during the Term (the “Annual Estimate”), which may be revised by Landlord from time to time during such calendar year. During each month of the Term, on the same date that Base Rent is due, Tenant shall pay Landlord an amount equal to 1/12th of Tenant’s Share of the Annual Estimate. Payments for any fractional calendar month shall be prorated.

  • Limit on Operating Expenses The Advisor hereby agrees to limit the Fund’s current Operating Expenses to an annual rate, expressed as a percentage of the Fund’s average daily net assets for the month, to the amounts listed in Appendix A (the “Annual Limit”). In the event that the current Operating Expenses of the Fund, as accrued each month, exceed its Annual Limit, the Advisor will pay to the Fund, on a monthly basis, the excess expense within the first ten days of the month following the month in which such Operating Expenses were incurred (each payment, a “Fund Reimbursement Payment”).

  • Allowable Costs A. Allowable Costs are restricted to costs that are authorized under Texas Uniform Grant Management Standards (TxGMS) and applicable state and federal rules and laws. This Grant Agreement is subject to all applicable requirements of TxGMS, including the criteria for Allowable Costs. Additional federal requirements apply if this Grant Agreement is funded, in whole or in part, with federal funds. B. System Agency will reimburse Grantee for actual, allowable, and allocable costs incurred by Grantee in performing the Project, provided the costs are sufficiently documented. Grantee must have incurred a cost prior to claiming reimbursement and within the applicable term to be eligible for reimbursement under this Grant Agreement. At its sole discretion, the System Agency will determine whether costs submitted by Grantee are allowable and eligible for reimbursement. The System Agency may take repayment (recoup) from remaining funds available under this Grant Agreement in amounts necessary to fulfill Grantee’s repayment obligations. Grantee and all payments received by Grantee under this Grant Agreement are subject to applicable cost principles, audit requirements, and administrative requirements including applicable provisions under 2 CFR 200, 48 CFR Part 31, and TxGMS. C. OMB Circulars will be applied with the modifications prescribed by TxGMS with effect given to whichever provision imposes the more stringent requirement in the event of a conflict.