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 otherwise provided in Sections 10.1(b), (c) and (x) above). (b) All costs incurred as a result of Manager's fraud, breach of this Agreement, negligence or willful misconduct. (c) All costs and liabilities relating to contracts between Manager and third parties for the performance of Manager’s obligations under this Agreement, including agreements relating to leasing the Premises if Manager is the Primary Leasing Agent. (d) Except as provided in Sections 10.1(c) and 10.1(x), the costs 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: Property Management and Leasing Agreement (Hines Global REIT, Inc.), Property Management and Leasing Agreement (Hines Global REIT, 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 otherwise provided in Sections Section 10.1(b), (c) and (xSection 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) All costs and liabilities relating to contracts between Manager and third parties for the performance of Manager’s obligations under this Agreement, including agreements relating to leasing the Premises if Manager is the Primary Leasing Agent.
(d) Except as provided in Sections 10.1(c) and 10.1(xSection 10.1(w), the costs cost of any personnel located in Manager’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)