Common use of Expense Recovery Clause in Contracts

Expense Recovery. Owner shall pay directly, or shall reimburse Manager for, all actual costs and expenses (the "Expense Recovery") incurred in connection with the management and operation of the Project as contemplated by this Agreement by Manager or otherwise, including, without limitation, the cost of: (i) gross salary and wages, payroll taxes, insurance, worker's compensation and other fringe benefits (collectively, "Compensation Expenses") of those management, accounting, professional, engineering and development, marketing and office personnel employed by Manager and/or any of its affiliates ("Employees") (but excluding ▇. ▇. ▇▇▇▇▇▇▇) who render services (1) full time and on-site at the Project, (2) with respect to the Project but who are not on-site, with respect to whom the Compensation Expenses will be appropriately pro-rated and allocated to the Project, and (3) with respect to the Project but have multiple project responsibility, with respect to whom the Compensation Expenses will be appropriately prorated and allocated to the Project; (ii) general accounting, bookkeeping, statistical and reporting services (iii) forms, papers, ledgers, Federal Express, UPS or other courier charges, fax and other telephone services (including, without limitation, long distance charges), and other supplies and equipment used in Manager's office or elsewhere with respect to the Project; (iv) electronic data processing, or any prorata charge thereof, for data processing provided by computer service companies, and computer and accounting equipment provided by Manager and/or any of its Affiliates; (v) reasonable charitable contributions as elected by Manager, all of which must be made in accordance with applicable law; (vi) advances made to Employees and cost of travel for matters directly related to Project operations; (vii) comprehensive crime insurance or fidelity bonds purchased by Manager for its own account, as required herein, and/or for the account of Owner; (viii) training expenses for Employees related to the Project and attendant licenses, trade associations and organizational affiliations for Employees; (ix) employment or recruitment fees, severance fees or relocation expenses for Employees; (x) advertising and marketing expenses related to the Project; (xi) all sales and brokerage fees or commissions paid to brokers or sales agents, including internal fees or commissions paid to sales personnel; (xii) legal and other professional services related to the Project; and (xiii) office furnishings and all costs incidental to the operation of the office space provided on-site at the Project.

Expense Recovery. Owner Fund shall pay directly, or shall reimburse Manager Residential for, all actual costs and expenses Reimbursement Expenses (the "“Expense Recovery"”) incurred in connection with the management and operation of the Project Properties as contemplated by this Agreement by Manager Residential or otherwise, including, without limitation, the cost of: (ia) gross salary and wages, payroll taxes, insurance, worker's ’s compensation and other fringe benefits (collectively, "“Compensation Expenses"”) of those management, accounting, professional, engineering and development, marketing and office personnel employed by Manager Residential and/or any of its affiliates Affiliates ("“Employees"”) (but excluding ▇. ▇. ▇▇▇▇▇▇▇) who render services (1) full time and on-site at the ProjectProperties, (2) with respect to the Project Properties but who are not on-site, with respect to whom the Compensation Expenses will be appropriately pro-rated and allocated to the ProjectProperties, and (3) with respect to the Project Properties but have multiple project responsibility, with respect to whom the Compensation Expenses will be appropriately prorated pro-rated and allocated to the ProjectProperties; (iib) severance or termination costs based on pro rated allocations at the time of any Employee’s termination; (c) general accounting, bookkeeping, statistical and reporting services; (iiid) forms, papers, ledgers, Federal Express, UPS or other courier charges, fax and other telephone services (including, without limitation, long distance charges), and other supplies and equipment used in Manager's Residential’s office or elsewhere with respect to the ProjectProperties; (ive) electronic data processingprocessing and information systems, or any prorata pro rata charge thereof, for data processing and information systems provided by computer service companies, and computer and accounting equipment provided by Manager Residential and/or any of its Affiliates; (v) reasonable charitable contributions as elected by Manager, all of which must be made in accordance with applicable law; (vif) advances made to Employees and cost of travel for matters directly related to Project Properties’ operations; (viig) comprehensive crime insurance or fidelity bonds purchased by Manager Residential for its own account, as required herein, and/or for the account of OwnerFund; (viiih) training expenses for Employees related to the Project Properties and attendant licenses, trade associations and organizational affiliations for Employees; (ixi) payroll issuance costs, payroll tax reporting costs, employment or recruitment fees, severance fees or relocation expenses for Employees; (xj) advertising and marketing expenses related to the ProjectProperties; (xik) all sales and brokerage fees or commissions paid to brokers or sales agents, including internal fees or commissions paid to sales personnel; (xiil) legal and other professional services related to the ProjectProperties; and (xiiim) office furnishings and all costs incidental to the operation of the office space provided on-site at the ProjectProperties.