Sharing of Expenses Sample Clauses
The Sharing of Expenses clause defines how costs and expenses related to a particular agreement or project will be divided among the involved parties. Typically, this clause outlines which expenses are shared equally, which are borne individually, and the process for reimbursement or payment. For example, it may specify that travel costs are split 50/50, while each party covers its own legal fees. The core function of this clause is to ensure transparency and fairness in the allocation of financial responsibilities, thereby preventing disputes over who is responsible for specific costs.
Sharing of Expenses. The Recipient shall bear the expenses involved in the delivery, maintenance, repair, modification, return, and the like of the Material.
Sharing of Expenses. The expenses necessary for the exchange of students/ PhD students/ trainees, teaching staff and administrators involved in the realization of the objectives set out in this agreement shall be borne by the Institution of origin, in accordance with the internal regulations of each part, upon verification of its available funds, or they shall be governed by a reciprocity policy.
Sharing of Expenses. The Parties shall bear their own administrative and other costs incurred in connection with the discussions /negotiations and execution of this Memorandum and thereafter in relation to the relevant binding agreements / documents to aid the execution of the project envisaged herein.
Sharing of Expenses. With respect to all clinical trials and other development work conducted by the Parties under a Development Plan, each Party shall be responsible for its agreed share of all Development Expenses incurred by the Parties under such Development Plan, to the extent such Development Expenses are, subject to Section 3.6(c), in accordance with the budget in such Development Plan (or are otherwise agreed in writing by the Parties to be included within such cost sharing).
Sharing of Expenses. Each Stockholder shall be liable for a portion of the Expenses which shall be the product of the sum of the Expenses multiplied by the ratio determined by dividing the sum of such Stockholder’s Individual Shares by the sum of Group Shares (each Stockholder’s “Expense Portion”). The Representative shall cause a statement to be delivered monthly to each Stockholder stating such Stockholder’s Expense Portion for the preceding month. Each Stockholder shall forward to the Representative payment in full of such Expense Portion within ten days of receipt of such statement. The Representative shall cause such payments to be disbursed in reimbursement or payment of such Expenses. Any new member of the Stockholder Group admitted as a Stockholder under Section 1.2 shall be liable for such Stockholder’s Expense Portion as to all Expenses incurred prior to Stockholder’s admittance to the Stockholder Group.
Sharing of Expenses. Except for when otherwise expressly determined in this Agreement, the Seller, the Purchaser and the Purchaser Guarantor shall each bear the expenses respectively occurred in relation to the execution and performance of the Agreement.
Sharing of Expenses. Enterprise and its Subsidiaries shall bear the entire cost of any benefits provided to Enterprise Employees with respect to their participation in the Radiant Plans during the Benefit Transition Period and its proportionate share of administrative and other expenses associated with the provision of such benefits, provided that if as of the Closing Date, Radiant has prepaid any premiums or expenses for a period that extends beyond the Closing Date and into the Benefit Transition Period, Enterprise shall reimburse Radiant for its proportionate share of any prepaid premiums or expenses relating to the Benefit Transition Period within 30 days of the Closing Date. From time to time after the Closing Date, to the extent that Radiant is required to pay any expenses or premiums which are associated with the provision of benefits to Enterprise Employees with respect to their participation in the Radiant Plans during the Benefit Transition Period, Enterprise shall reimburse Radiant for its proportionate share of such expenses or premiums, such reimbursement to be made within 30 days of the receipt from Radiant of an invoice documenting such expenses or premiums. At periodic intervals, Radiant and Enterprise shall examine their respective payments and receipts for coverages to ascertain whether Radiant or Enterprise has mistakenly made or received payments for coverages with respect to Enterprise Employees. If any such mistaken payments have been made or received by Radiant or Enterprise, such mistaken payments and receipts shall first be netted against each other by Radiant and Enterprise and thereafter such net payments or net receipts shall be further netted against the other party’s net payments or net receipts. The party with the remaining amount of mistaken payments shall transfer such amount in cash to the other party at such time or times as agreed upon by the parties, but not less frequently than quarterly. Radiant and Enterprise shall use their reasonable best efforts to cause each of the insurance companies, HMOs, paid provider organizations and third-party administrators providing services and benefits under the Radiant Health and Welfare Plans and the Enterprise Health and Welfare Plans to maintain the premium and/or administrative rates based on the aggregate number of participants in the Radiant Plans and the Enterprise Health and Welfare Plans, during the Benefit Transition Period, separately rated or adjusted for the demographics, experience or other...
Sharing of Expenses. 77 Section 9.1 Access Easement Expenses..................................77 Section 9.2 Parking Deck Expenses.....................................78 Section 9.3 Loading Dock Expenses.....................................78 Section 9.4 Tower II Skybridge Expenses...............................78 Section 9.5 Hotel/Tower I Canopy Expenses.............................78 Section 9.6 Roof Terrace Expenses.....................................78 Section 9.7 Calculation and Payment of Expenses.......................79 Section 9.8 Allocation of Certain Expenses............................82 ARTICLE X COMMUNICATIONS EQUIPMENT..................................83 Section 10.1 Roof-Top Communication Equipment..........................83 Section 10.2 Parking Deck Roof-Top.....................................83 Section 10.3 Tower II Skybridge Utility Lines..........................86 Section 10.4 Common Conduit............................................87
Sharing of Expenses. 1. Riken and Mikoshiba shall each share, in proportion to each party’s share in the right provided by Article 1. hereof, the stamp duties to be paid to the Patent Office for Procedures of the Invention as well as fees to be paid to patent attorney, and Riken and Mikoshiba shall pay these expenses at the request by their representatives. In the event Riken paid certain expenses for Mikoshiba which Mikoshiba is obligated to pay, Mikoshiba shall immediately reimburse such expenses to Riken at Riken’s request for reimbursement.
Sharing of Expenses. For the purposes of this Article IX, the calculation of any fraction for the sharing of pertinent expenses according to the number of dwellings located in this Condominium and the number of dwellings located in all other developed portions of the PD Land shall include only those dwellings for which a certificate of occupancy has been issued by the Township.