Expense Payment Sample Clauses
The Expense Payment clause outlines the obligations of one party to reimburse or cover specific costs incurred by another party in connection with the agreement. Typically, this clause details which types of expenses are eligible for payment, such as travel, materials, or third-party services, and may set procedures for submitting and approving expense claims. Its core practical function is to ensure clarity and fairness regarding financial responsibilities, preventing disputes over which costs are covered and how they should be handled.
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Expense Payment. The Company is solely responsible for the payment of the documentation and legal fees associated with the creation of all documents, filing fees and expenses required to provide these consulting services. A $25,000 expense payment will be wired to Potomac Capital, LLC for their expenses associated with the consulting services upon execution of this agreement, Wiring instructions are as follows: Bank identifier. ▇▇▇▇▇▇▇▇▇
Expense Payment. The fees and expenses of the arbitrator, cost of transcript, and the hearing room shall be jointly paid by the Board and the Union. All other expenses incurred shall be paid by the party incurring them.
Expense Payment. 6.4(b) Expenses.....................................................................4.6 Financing................................................................ 2.2(c) Funds................................................................... 1.11(a) GAAP.................................................................. 2.1(d)(i) Governmental Entity..................................................... 1.13(b) Holdings................................................................
Expense Payment. A check or checks, or other evidence of payment acceptable to Sellers, with respect to the expenses payable by Buyer, if any, as described in SECTION 15.4.
Expense Payment. In recognition of the substantial expenses incurred by Tetlin to negotiate and conclude this Agreement, upon execution of this Agreement, Juneau shall pay to Tetlin the sum of $50,000 (the “Expense Payment”). Tetlin shall not be responsible to Juneau to account for the use of the Expense Payment, and the Expense Payment shall not be applied to production royalties as are Advance Minimum Royalty payments.
Expense Payment. The Buyer shall send an amount equal to the expenses set forth on Exhibit D, as amended from time to time (the “Expenses”), by wire transfer to PCH pursuant to the wire instructions set forth in Exhibit C-1, upon the earlier of:
a) the receipt by Buyer of any reimbursement received in connection with Expenses, up to the amount of any such reimbursement,
b) the receipt of any proceeds related to the Existing PDCs, Salt Creek Bonds or Sundance Note (including death benefits, loan proceeds or sale proceeds), up to the amount of any outstanding Expenses,
c) the receipt by the Buyer of confirmation that at least two of the Existing PDCs owned by Seller have been converted into Qualified NIBs by satisfaction of the Qualified NIBs Closing Conditions (defined below), up to the amount of any outstanding Expenses, or
d) 120 days following the Effective Date, up to the amount of any outstanding Expenses. In the event that PCH pays any additional expenses after the Effective Date, so long as such additional expenses have been approved by Buyer, such amounts shall be included in the Expenses being paid in Section 3.1. Email approval shall be sufficient for this purpose.
Expense Payment. 6.1 The management fee shall be paid monthly, at the end of each month, and the amount shall be transferred to the account designated by Party B within the last three days of that month.
6.2.1 Minor vessel expenses (USD or RMB and below) shall be paid by Party B from the contingency funds and subsequently reimbursed by Party A.
6.2.2 Major vessel expenses (exceeding USD or RMB), shall be confirmed by Party A and directly paid by Party A, with the payment slip promptly sent to Party B for record.
6.3 The accounts of Party B’s expenses shall be reconciled by both parties quarterly in principle, and Party A may conduct spot checks on Party B’s accounts as necessary. Party B shall retain all original purchase contracts, repair contracts, payment vouchers, and other documents for verification by Party A. Upon termination of this agreement, Party B shall provide Party A with the required original account list and vessel-related documents.
6.4 Party A must settle all outstanding fees before the termination of the agreement.
Expense Payment. 6.1 Tenant shall pay to Landlord, as additional rent, expense payments in accordance with this Article:
Expense Payment. Upon execution of this Agreement, ▇▇▇▇ shall loan to Noxso $35,000 (the "$35,000 LOAN"), which shall be used together with $40,000 from the Private Placement net proceeds to pay all Liabilities (as defined in SECTION 4(H) of this Agreement) of Noxso, so that at the Effective Time neither Noxso nor Mergerco shall have any Liabilities. The $35,000 Loan shall be repaid from the net proceeds of the Private Placement.
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