Common use of Reasonable Expenditures Clause in Contracts

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. An Any expenditure by a party, party for which such party shall demand reimbursement from the other party, party shall be limited to the fair market value of the goods and services involved, shall be reasonably incurred, andand shall be substantiated by documentary evidence available for inspection and review by the other party or its representatives during normal business hours.