Manager's Costs Clause Samples

The "Manager's Costs" clause defines which expenses incurred by the manager in the course of performing their duties are reimbursable or chargeable under the agreement. Typically, this clause outlines the types of costs that can be claimed, such as administrative fees, travel expenses, or third-party service charges, and may specify any limits or approval requirements. Its core practical function is to clarify financial responsibilities between the parties, ensuring transparency and preventing disputes over which costs are covered.
Manager's Costs. Notwithstanding anything contained in any other --------------- provision of this Agreement to the contrary, the following costs and expenses shall be borne solely by the Manager and shall not be borne by the Owner: (a) Cost of gross salary and wages, payroll taxes, insurance, workers' compensation and other benefits of ▇▇▇▇▇▇▇▇▇▇ and any other employees of the Manager; (b) Cost of forms, papers, ledgers and other supplies and equipment used in the Manager's office; (c) Cost of electronic data processing or computer services, or any pro rata charge for data processing or computer services provided by computer service companies, which the Manager may elect to incur in the performance of the Development Functions; (d) Cost of office equipment acquired by the Manager to enable it to perform its duties hereunder; (e) Cost of advances made to employees of the Manager and cost of travel and lodging by the Manager's employees and agents, including ▇▇▇▇▇▇▇▇▇▇; and (f) Cost attributable to losses, including any legal fees relating thereto, arising from negligence, fraud or willful act or omission on the part of the Manager or any of the Manager's officers, directors, employees or agents, except to the extent such costs are to be borne by the Owner pursuant to Section 9.3 hereof.
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Manager's Costs incurred by the Manager in the course of and incidental to its performance of this Agreement;
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Manager's Costs. Manager shall not be reimbursed for any of its: (a) salaries and fringe benefits for Manager’s employees to the extent they are not engaged in the management or operation of the Property; and (b) office equipment, stationary, postage, telephone, utilities and all other administration expenses except to the extent located on site and used of the operation of the Property.
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Manager's Costs. Manager shall be reimbursed by Association for the cost of any and all expenses incurred by Manager in fulfilling its obligations under this Agreement. Manager shall submit invoices on a monthly basis and Association shall, within thirty (30) days, remit payment to Manager.
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Manager's Costs. Except as specifically shown in the Budget, Manager shall --------------- not be reimbursed for any of its: (a) employee costs related to employees of Manager (as opposed to employees of contractors employed by Manager); (b) overhead costs; or (c) office equipment, stationery, postage, telephone, bank charges, and all other administration expenses.
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Related to Manager's Costs

  • Buyer’s Costs In connection with the purchase of the Property contemplated under this Contract, Buyer shall be responsible for the costs and expenses of its attorneys, accountants and other professionals, consultants and representatives. Buyer shall also be responsible for the costs and expenses in connection with the preparation of any environmental report, any update to the survey and the costs and expenses of preparation of the title insurance commitment and the issuance of the title insurance policy contemplated by Article IV and the per page recording charges and clerk’s fee for the Deed (if applicable). Buyer shall also be responsible for the fees for the performance of the property improvement plan (PIP) review and report by the Franchisor.

  • Seller’s Costs In connection with the sale of the Property contemplated under this Contract, Seller shall be responsible for all transfer and recordation taxes, including, without limitation, all transfer, mansion, excise, sales, use or bulk transfer taxes or like taxes on or in connection with the transfer of the Real Property and the Personal Property constituting part of the Property pursuant to the ▇▇▇▇ of Sale, and all accrued taxes of Seller prior to Closing and income, sales and use taxes and other such taxes of Seller attributable to the sale of the Property to Buyer. Seller shall be responsible for all costs related to the termination of the Existing Management Agreement as provided in Article V. Seller shall also be responsible for any costs and expenses of its attorneys, accountants, appraisers and other professionals, consultants and representatives. Seller shall also be responsible for payment of all prepayment penalties and other amounts payable in connection with the pay-off of any liens and/or indebtedness encumbering all or any portion of the Property.

  • Sellers’ Costs and Expenses Except as may otherwise be provided in this Agreement, including Section 8.1, or in the Purchase Agreement, all expenses and costs incurred by the Sellers in connection with the performance of their obligations hereunder shall be the responsibility of, paid by and for the account of the Sellers.

  • Owner’s Expenses Except as otherwise specifically provided, all costs and expenses incurred hereunder by Manager in fulfilling its duties to Owner shall be for the account of and on behalf of Owner. Such costs and expenses shall include the wages and salaries and other employee-related expenses of all on-site and off-site employees of Manager who are engaged in the operation, management, maintenance and leasing or access control of the Properties, including taxes, insurance and benefits relating to such employees, and legal, travel and other out-of-pocket expenses that are directly related to the management of specific Properties. All costs and expenses for which Owner is responsible under this Management Agreement shall be paid by Manager out of the Account. In the event the Account does not contain sufficient funds to pay all said expenses, Owner shall fund all sums necessary to meet such additional costs and expenses.

  • Costs, Expenses and Fees Clause 10.11 (Transaction Costs) of the Amended Facility Agreement applies to this Agreement as if it were expressly incorporated in it with any necessary modifications.