Common use of Expenses to be Borne by Manager Clause in Contracts

Expenses to be Borne by Manager. The following expenses or costs incurred by or on behalf of Manager shall be at the sole cost and expense of Manager and shall be paid by Manager out of the sums payable to Manager under Article 21: (a) Costs of gross salary and wages, payroll taxes, insurance, worker’s compensation, and other benefits of Manager’s personnel not located on-site (except as provided in Section 10.1(b) and Section 10.1(w) above). (b) All costs incurred as a result of Manager’s fraud, breach of this Agreement, gross negligence or willful misconduct. (c) Except as provided in Section 10.1(w), the cost of any personnel located in Manager’s home or regional offices, as well as any overhead costs related to those offices.

Appears in 2 contracts

Sources: Limited Partnership Agreement (Hines Real Estate Investment Trust Inc), Property Management and Leasing Agreement (Hines Real Estate Investment Trust Inc)

Expenses to be Borne by Manager. The following expenses or costs incurred by or on behalf of Manager shall be at the sole cost and expense of Manager and shall be paid by Manager out of the sums payable to Manager under Article 21: (a) Costs of gross salary and wages, payroll taxes, insurance, worker’s 's compensation, and other benefits of Manager’s 's personnel not located on-site (except as provided in Section 10.1(b) and Section 10.1(w) above). (b) All costs incurred as a result of Manager’s 's fraud, breach of this Agreement, gross negligence or willful misconduct. (c) Except as provided in Section 10.1(w), the cost of any personnel located in Manager’s 's home or regional offices, as well as any overhead costs related to those offices.

Appears in 1 contract

Sources: Property Management and Leasing Agreement (Hines Real Estate Investment Trust Inc)