New Source Energy Reimbursement Sample Clauses

New Source Energy Reimbursement. (a) During the Initial Term: (i) On or before the 45th day following the end of each calendar quarter, the MLP Group shall pay New Source Energy a fixed fee of $675,000 for the provision of the Services provided by New Source Energy during such calendar quarter. (ii) Additionally, the MLP Group shall pay New Source Energy an amount equal to the sum of the costs and expenses incurred by New Source Energy that are directly attributable to the General Partner for the benefit of the MLP for any transaction costs incurred by New Source Energy in connection with any acquisition the MLP Group completes. (iii) The MLP Group shall be responsible for the costs of cash and equity compensation paid to the MLP Group’s management or members of the Board. (b) During the Secondary Term: On or before the 45th day following the end of each calendar quarter, the MLP Group shall pay New Source Energy, with respect to any Services provided by New Source Energy during such calendar quarter, an amount equal to the sum of: (i) the costs and expenses incurred by New Source Energy that are directly attributable to the General Partner for the benefit of the MLP Group, including costs for engaging third parties such as consultants, reservoir engineers, attorneys and accountants; and (ii) a proportionate amount of all general, administrative, overhead and other indirect costs and expenses (including, if applicable and if not covered by (i) above, the allocable portion of salary, bonus, incentive compensation and other amounts paid to Persons who provide Services, certain of whom may provide Services solely for the benefit of the MLP Group) incurred by New Source Energy or its Affiliates in providing or causing to be provided Services for the benefit of the MLP Group reasonably allocable to the provision of such Services. (c) The General Partner shall determine in good faith the proper allocation of costs and expenses pursuant to this Section 5.1. (d) On or before the 15th day following the end of each calendar quarter, New Source Energy shall provide the General Partner with an invoice for the costs and expenses described in this Section 5.1 relating to such calendar quarter. If requested by the General Partner, New Source Energy’s invoice therefor shall provide reasonably detailed documentation supporting such costs and expenses.
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