Organization Expenses. All expenses incurred in connection with organization of the Company will be paid by the Company.
Organization Expenses. Each Fund hereby agrees to reimburse the Manager for the organization expenses of, and the expenses incurred in connection with, the initial offering of Shares of that Fund.
Organization Expenses. Those expenses incurred in the organization of the Company including the costs of preparation of this Agreement and the Certificate of Formation.
Organization Expenses. The Company shall pay all expenses incurred in connection with the formation and incorporation of the Company. Such expenses shall include, without limitation, fees of legal counsel, filing and publication costs and other like expenses.
Organization Expenses. Touchstone shall pay all of the organization expenses of the Trust which were paid prior to the Trust's or any Fund's commencement of investment operations. The Funds shall reimburse Touchstone, without any interest or carrying charges, for such organization expenses.
Organization Expenses. The Company hereby agrees to reimburse the Manager for the organization expenses of, and the expenses incurred in connection with, the initial offering of any new share classes of a Fund or the initial offering of a new series of the Company.
Organization Expenses. The Partnership shall elect to deduct expenses, if any, incurred by it in organizing the Partnership ratably over a 60-month period as provided in Section 709 of the Code.
Organization Expenses. The Partnership shall pay all out-of-pocket costs and expenses (including legal, accounting, tax, consulting and other professional fees and expenses and travel and entertainment expenses) incurred by the Partnership and the Managing General Partner and its Affiliates in connection with the structuring and organization of the Partnership, NY Trust, NY Trust II, US Core Trust and US Core Properties and the offering and sale of Partnership Units and, if applicable, securities issued by NY Trust, NY Trust II, US Core Trust, US Core Properties or any other Fund Entity, including expenses (other than placement fees) incurred in connection with the solicitation of Capital Commitments and the negotiation, execution and delivery of this Agreement and all other documents entered into in connection herewith (any such amounts, the “Organizational Expenses”). Notwithstanding the foregoing, the Partnership shall not be responsible for any Organizational Expenses incurred during the Initial Offering Period in excess of $2.5 million; any Organizational Expenses in excess of such amount incurred during the Initial Offering period shall be the responsibility of the Managing General Partner and its Affiliates.
Organization Expenses. The Company shall pay any reasonable expenses incurred in connection with the formation and organization of the Company.
Organization Expenses. Each Member shall bear the costs of its own legal counsel and other professional advisors in connection with the negotiation of this Agreement. All out-of-pocket expenses that have been incurred by or on behalf of the Company by a CHP Person or a Montecito Person on or prior to the Effective Date shall be expenses of the Company; provided, that, the Members acknowledge that certain expenses incurred prior to the Effective Date shall be governed in accordance with the Framework Agreement.
