Reasonable Expenditures Sample Clauses
The "Reasonable Expenditures" clause defines the standard by which costs or expenses incurred under an agreement are measured, requiring that only those expenses deemed reasonable in amount and necessity will be recognized or reimbursed. In practice, this means that parties must justify their spending as appropriate for the circumstances, such as travel, materials, or services, and may need to provide documentation or adhere to industry norms. This clause helps prevent excessive or unjustified spending, ensuring that financial responsibility is maintained and disputes over reimbursement are minimized.
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Reasonable Expenditures. Any expenditure by a party permitted or required under the Lease, for which such party is entitled to demand and does demand reimbursement from the other party, shall be limited to the fair market value of the goods and services involved, shall be reasonably incurred, and shall be substantiated by documentary evidence available for inspection and review by the other party or its representative during normal business hours.
Reasonable Expenditures. All amounts paid by the Corporation (i) to officers, employees, consultants and agents as salaries, compensation, and expenses reimbursed by the Corporation, or (ii) as rental payments, have been in amounts which are reasonable and deductible for income tax purposes.
Reasonable Expenditures. All amounts paid by Target (i) to officers, employees, consultants and agents as salaries, compensation, and expenses reimbursed by Target, or (ii) as rental payments, have been in amounts which are ordinary and necessary for income tax purposes pursuant to Section 162 of the Internal Revenue Code.
Reasonable Expenditures. An expenditure by a party, for which such party shall demand reimbursement from the other party, shall be limited to the fair market value of the goods and services involved, shall be reasonably incurred, and
Reasonable Expenditures. Any expenditure by a party permitted or required under this Lease, for which such party is entitled to demand and does demand reimbursement from the other party, shall be reasonably incurred, and shall be substantiated by documentary evidence available for inspection and review by the other party or its representative during normal business hours. The terms of this Section 17.25 shall not apply to the payment of Additional Rent by Tenant, which shall be governed solely by the terms of Section 3.03 above, nor shall it apply to Section 2.02.
Reasonable Expenditures. All expenditures by a party for which such party shall seek reimbursement from the other party shall be reasonably incurred, shall not exceed the fair market value of the goods and services involved, and shall be substantiated by documentary evidence available for inspection by the reimbursing party, or its agent, during normal business hours.
Reasonable Expenditures. Any expenditure by a party permitted or required under the Lease, for which such party is entitled to demand and does demand reimbursement from the other party, shall be limited to the fair market value of the goods and services involved, shall be reasonably incurred, and shall be substantiated by documentary evidence available for inspection and review by the other party or its representative during normal business hours. THIS LEASE is effective as of the date the last signatory necessary to execute the Lease shall have executed this Lease. TENANT: JT Storage, Inc., a Delaware corporation By: /s/ ▇▇▇▇▇ ▇. Pearl ------------------- Its: President ------------------ LANDLORD: The Cilker Revocable Trust of October 9, 1990 By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ ---------------------- ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ ---------------------- ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ By: /s/ ▇▇▇▇▇▇ ▇.▇▇▇▇▇▇▇▇▇ ----------------------- ▇▇▇▇▇▇ ▇.▇▇▇▇▇▇▇▇▇ By: /s/ ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ----------------------- ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇, an unmarried man The undersigned spouse of ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ consents to the terms of the preceding Lease agreement: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇, ▇▇. --------------------------- EXHIBIT B THE PROPERTY ------------ LEGAL DESCRIPTION: APN ▇▇▇-▇▇-▇▇▇ All that certain real property situate in the City of San ▇▇▇▇, County of Santa ▇▇▇▇▇, State of California, described as follows: PARCEL ONE: ---------- All of Lot 5, as shown upon that certain Map entitled, "▇▇▇▇▇ ▇▇. ▇▇▇▇▇", recorded March 7, 1984 in Book 525 of Maps at Pages 45 and 46, and the Certificate of Correction, recorded August 8, 1985 in Book J 422, Page 1784, Official Records, Santa ▇▇▇▇▇ County. RESERVING THEREFROM as appurtenant to Lot 6, an easement for the purpose of vehicular and pedestrian ingress and egress over the following described parcel: Being a strip of land 13 feet in width, the easterly and southerly line of which is described as follows: Beginning at the southeasterly corner of Lot 5 as said lot is shown on Tract 7544 recorded in Book 525 of Maps, Pages 45 and 46, Santa ▇▇▇▇▇ County Records, said point being on the northerly Right of Way line of Tasman Drive, as shown on said Tract Map: Thence northwesterly along the easterly lot line of Lot 5, as said lot is shown on aforesaid Tract Map, North 30(degrees) 31' West, 194.18 feet: Thence northeasterly North 36(degrees) 23' 34" East, 33.70 feet to the terminus of said strip of land, said terminus being or the northerly lot line of Lot 8, as said lot is shown...
Reasonable Expenditures. 38 ARTICLE 55 APPROVALS.........................................................38 LIST OF EXHIBITS EXHIBIT A The Premises EXHIBIT B The Project EXHIBIT C Work Letter Agreement EXHIBIT D Rules and Regulations EXHIBIT E Intentionally Omitted EXHIBIT F Commencement Date Memorandum EXHIBIT G Estoppel Certificate EXHIBIT H List of Hazardous Materials EXHIBIT I Form of SNDA EXHIBIT J Bridge Conference Room The exhibits attached hereto are incorporated into and made a part of this Lease. THIS LEASE is made as of October 8, 2002, by and between WB MURPHY RANCH, L.L.C., a Delaware limited liability company ("Landl▇▇▇"), ▇▇d XICOR, INC., a California corporation ("Tenant").
Reasonable Expenditures. Any expenditure by a party permitted or required under this Lease, for which such party is entitled to demand and does demand reimbursement from the other party, shall be reasonably incurred, and shall be substantiated by documentary evidence available for inspection and review by the other party or its representative during normal business hours. The terms of this Paragraph 58 shall not apply to the payment of Additional Rent by Tenant, which shall be governed solely by the terms of Paragraph 4(b) above. Landlord and Tenant have executed and delivered this Lease as of the Lease Date specified in the Basic Lease Information. LANDLORD: ▇▇▇▇▇▇▇ OFFICE PARK INVESTORS LLC, a Delaware limited liability company By: UBS Realty Investors LLC, a Massachusetts limited liability company, its Manager By: Name: Title: TENANT: KYPHON INC., a Delaware corporation By: Name: Title: EXHIBIT A DIAGRAM OF THE DIAGRAM OF THE ▇▇▇▇▇▇▇▇ BUILDING, THE JAVA BUILDING AND THE UNDEVELOPED PARCEL EXHIBIT B TENANT IMPROVEMENTS CONSTRUCTION AGREEMENT This exhibit, entitled “Tenant Improvements Construction Agreement”, is and shall constitute Exhibit B to the Lease Agreement, dated as of September 18, 2003, by and between Landlord and Tenant (the “Lease”). The terms and conditions of this Exhibit B are hereby incorporated into and are made a part of the Lease. Subject to the terms and conditions set forth herein and in the Lease, Tenant shall cause the construction of the Tenant Improvements, all in accordance with the procedures set forth below:
Reasonable Expenditures. 4 EXHIBITS A Definitions B Floor Plan C Tenant Improvement Construction Agreement D Opening/Closing Certificate E Tenant Estoppel Certificate F Rules and Regulations G Hazardous Materials