Expenses of Manager Clause Samples

The "Expenses of Manager" clause defines which costs incurred by the manager in the course of performing their duties will be reimbursed by the company or fund. Typically, this clause outlines categories of reimbursable expenses, such as travel, office supplies, or professional fees, and may specify approval processes or limits. Its core function is to clarify financial responsibilities, ensuring that the manager is not personally liable for reasonable business expenses and preventing disputes over which costs are covered.
Expenses of Manager. Except as otherwise expressly provided herein or in any Annual Budget, Manager shall bear the expenses set forth in clauses (i) through (iii) below incurred in connection with the performance of its duties under this Agreement. Any other expenses incurred by Manager or the Officers in connection with the Services or the performance of each of their respective duties hereunder and not expressly set forth in this Section 4.2(a) shall be promptly reimbursed by the Trust to Manager within five (5) business days after receipt of a written request (together with reasonably detailed invoices) for such reimbursement by the Manager to the Trustee. (i) salary (including bonus and other wages), or employment expenses (including payroll taxes and any costs of insurance) of the Personnel (but not travel and other expenses incurred in connection with providing the Services); (ii) rent, telephone, utilities, office furniture, equipment and machinery (including computers, to the extent utilized) and other office expenses of Manager in connection with this Agreement, except to the extent such expenses relate solely to an office maintained by the Trustee separate from the office of Manager or the Officers; and (iii) miscellaneous administrative expenses relating to performance by Manager and the Officers of their respective obligations hereunder.
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Expenses of Manager. First, to pay the Manager for all unpaid fees, salary, or other compensation, and to reimburse the Manager for all reasonable costs and expenses incurred by the Manager as provided in this Agreement.
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Expenses of Manager. Owner shall reimburse Manager for direct expenses of Manager incurred solely on account of the commercial portion of the Premises for the payment of any proper obligation or necessary expense connected with the maintenance and operation of the commercial portion of the Premises, including the wages, salary and other compensation of any approved full-time on-site property manager(s), all reasonable costs incurred in the operation of a commercial management office in the Building, including office rental, personnel positions, supplies, postage, equipment and telephone, and all travel and entertainment costs reasonably incurred by Manager related to its management services. As a consultant, DIHC Management Corporation shall also be entitled to reimbursement by Owner of its reasonable travel costs incurred in connection with the Premises. All payments to be made by Manager hereunder shall be made by check drawn on the Operating Account, except for ▇▇▇▇▇ cash items not exceeding Two Hundred Dollars ($200.00), which may be paid from a fund to be maintained by Manager for such purposes. Manager shall not be obligated to make any advance to or for the account of Owner or to pay any sums except out of funds held in the Operating Account, nor shall Manager be obligated to incur any liability or obligation for the account of Owner without assurance that the necessary funds for the discharge thereof will be provided. Any reimbursement to Manager hereunder shall be in addition to, and not in lieu of, Manager's fees under Article IV hereof.
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Expenses of Manager. All of the following expenses are part of the Manager's fee and are the sole expense of the Manager: payroll, processing fees, messenger service, money transport and change fees, health plan and benefit plan maintenance fees, all operating expenses not directly incurred at the unit level. (i)
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Expenses of Manager. Except as expressly provided herein, Manager shall be responsible for, and Manager shall pay, at its sole cost and expense, all expenses for its personnel and employees, general overhead and corporate and administrative costs and expenses.
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Expenses of Manager. The Venture shall reimburse Manager for direct expenses of Manager incurred in connection with the maintenance and operation of the Premises and the performance of its other duties under this Agreement, including the wages, salary and other compensation of any on or off site property management personnel (but not including any executive compensation), the costs of any management office approved by the Venture, reasonable travel and entertainment expenses incurred in connection with the management of the Premises as approved in the Annual Budget, and a reasonable allocation of the cost of any liability insurance or fidelity bonds required to be maintained by Manager hereunder which specifically cover acts of Manager, its partners, and/or their respective agents or employees, in accordance with the approved Annual Budget; provided, however, the Venture shall not be obligated to reimburse Manager for any expenses for office equipment, office supplies or overhead expenses of Manager incurred in its general offices, for any salaries of any executives or any supervisory personnel of Manager or for any salaries or wages allocable to time spent on matters other than the Premises. Notwithstanding the foregoing, with respect to any person whose salary would otherwise be reimbursable hereunder such salary shall not cease to be reimbursable solely because such person becomes an officer or comes to hold an executive title during the term hereof, so long as such person continues to provide the supervisory or property management services for which reimbursement was previously allowed. In addition to the foregoing, the Venture shall reimburse Manager for reasonable costs of off-site data processing and accounting services provided to Manager by affiliates of Manager, which services shall be compensated for work actually performed with respect to the Project at rates approved by the Venture in advance or approved in the Annual Budget; provided, that the cost of such services shall be no greater than the cost to obtain similar services from unaffiliated third-party providers of such services, and in no event shall Manager or any affiliate of Manager receive any fee, "▇▇▇▇-up" or other profit from the performance of such services other than the costs actually charged for such services. All payments to be made by Manager hereunder shall be made by check drawn on the Operating Account except ▇▇▇▇▇ cash items not exceeding $1,000.00, which may be paid from a fund to be maintain...
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Expenses of Manager 
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Related to Expenses of Manager

  • Expenses of the Parties Except as otherwise provided herein, all expenses incurred by or on behalf of the parties hereto in connection with the authorization, preparation and consummation of this Agreement, including, without limitation, all fees and expenses of agents, representatives, counsel and accountants employed by the parties hereto in connection with the authorization, preparation, execution and consummation of this Agreement shall be borne solely by the party who shall have incurred the same.

  • Expenses of the Board Each party shall pay: (a) the fees and expenses of the arbitrator it appoints; (b) one-half of the fees and expenses of the Chair.

  • Expenses of Sale Except as otherwise specifically provided herein, each Party to this Agreement shall pay its own expenses (including without limitation, the fees and expenses of their respective agents, representatives, counsel and accountants) with respect to the negotiation, execution and the delivery of this Agreement and the consummation of the transactions under this Agreement.

  • Expenses of Agent Borrowers agree to pay, on demand, all costs and expenses incurred by Agent in connection with the preparation, negotiation and execution of this Amendment and any other Loan Documents executed pursuant hereto and any and all amendments, modifications, and supplements thereto, including, without limitation, the costs and fees of Agent's legal counsel and any taxes or expenses associated with or incurred in connection with any instrument or agreement referred to herein or contemplated hereby.

  • Expenses of the Trust NOT PAID BY THE ADVISER. The Adviser will not be required to pay any expenses which this Agreement does not expressly make payable by it. In particular, and without limiting the generality of the foregoing but subject to the provisions of Section 3, the Adviser will not be required to pay under this Agreement: (a) any and all expenses, taxes and governmental fees incurred by the Trust prior to the effective date of this Agreement; (b) without limiting the generality of the foregoing clause (a), the expenses of organizing the Trust (including without limitation, legal, accounting and auditing fees and expenses incurred in connection with the matters referred to in this clause (b)), of initially registering shares of the Trust under the Securities Act of 1933, as amended, and of qualifying the shares for sale under state securities laws for the initial offering and sale of shares; (c) the compensation and expenses of Trustees who are not interested persons (as used in this Agreement, such term shall have the meaning specified in the 1940 Act) of the Adviser and of independent advisers, independent contractors, consultants, managers and other unaffiliated agents employed by the Trust other than through the Adviser; (d) legal, accounting, financial management, tax and auditing fees and expenses of the Trust (including an allocable portion of the cost of its employees rendering such services to the Trust); (e) the fees and disbursements of custodians and depositories of the Trust's assets, transfer agents, disbursing agents, plan agents and registrars; (f) taxes and governmental fees assessed against the Trust's assets and payable by the Trust; (g) the cost of preparing and mailing dividends, distributions, reports, notices and proxy materials to shareholders of the Trust; (h) brokers' commissions and underwriting fees; (i) the expense of periodic calculations of the net asset value of the shares of the Trust; and (j) insurance premiums on fidelity, errors and omissions and other coverages.