Common use of Expenses of Managers Clause in Contracts

Expenses of Managers. The LLC will, or will cause its Subsidiaries to, bear all reasonable out-of-pocket expenses incurred by or on behalf of any Manager in connection with his or her service as a Manager of the LLC, subject to the LLC’s then-current reimbursement policy.

Appears in 2 contracts

Sources: Series C Preferred Share Purchase Agreement (China Rapid Finance LTD), Series C Preferred Share Purchase Agreement (China Rapid Finance LTD)