Costs and Expenses Incurred. In addition to the Base Management Fee and the Incentive Management Fee, the Hotel’s allocable portion of Shared Expenses and additional Actual Costs incurred by Manager as a result of providing Shared Services to the Hotel (collectively, “Owner’s Expenses”) shall constitute costs and expenses of Owner under this Agreement and as such shall be fully reimbursable to Manager hereunder (without duplication), provided that (a) such Owner’s Expenses shall have been approved by Owner (in connection with the Annual Budget or otherwise) and actually incurred by Manager or its Affiliates, (b) any such Owner’s Expenses constituting costs and expenses for Senior Executive Personnel (excluding bonuses) and shared employees shall not exceed $137,500 in the aggregate in any calendar month, $393,750 in the aggregate in any rolling three (3) month period, or $1,500,000 in the aggregate in any rolling twelve (12) month period, and any other Owner’s Expenses shall not exceed $394,167 in the aggregate in any calendar month, $1,128,750 in the aggregate in any rolling three (3) month period, or $4,300,000 in the aggregate in any rolling twelve (12) month period and (c) any such Owner’s Expenses to be reimbursed to Manager are set forth in a Monthly Report. The Parties acknowledge that the limits set forth in clause (b) of the immediately preceding sentence are based on the costs and expenses that were treated as Shared Expenses and allocated as such to the Hotel from January 2010 through July 2011, and Manager agrees to treat as Shared Expenses the same categories of costs and expenses that were so treated, and to use the same methods of calculation and allocation of Shared Expenses that were used, during such period. Owner’s Expenses shall be reimbursed within five (5) days after the delivery to Owner of the Monthly Report detailing such Owner’s Expenses. Whenever any reimbursement due Manager under this Section or any other provision of this Agreement shall be subject to a gross receipts or similar tax under Applicable Law, Manager shall be entitled to such reimbursement, together with such tax payable thereon, so that Manager shall receive such reimbursement net of any taxes or similar charges
Costs and Expenses Incurred. All Shared Expenses and additional Actual Costs incurred by New Propco as a result of providing Shared Services shall constitute fully reimbursable Owner’s Expenses under this Agreement and shall be fully reimbursable as such by the Company to FG Manager hereunder. All compensation and reimbursement of expenses due from the Company under this Agreement during the FG Management Period shall be paid by the Company directly to FG Manager or pursuant to FG Manager’s instruction.
Costs and Expenses Incurred. Each Party shall be responsible for its own attorneys’ fees, except as otherwise set forth in this Agreement. The Parties agree to equally split the costs of the closing agent’s fees required to close this transaction. MCC shall pay all recording fees.
Costs and Expenses Incurred by Landlord in connection with any obligation of Landlord to indemnify any tenant (including Tenant) pursuant to its lease or otherwise or which result from Landlord’s or any other tenant’s breach of a lease and except to the extent such cost would otherwise be includable in Operating Expenses;
Costs and Expenses Incurred. 11.1 If for any reason our/my visa gets rejected or delayed due to a reason undisclosed to us/me or beyond control, we/I will remain responsible for any costs incurred (i.e. airline tickets, travel expenses and visa costs etc.).
Costs and Expenses Incurred by the Contractor between 1 January 2000 and the Effective Date, but not included in Annex F, shall be audited as soon as possible thereafter. Subject to approval by the Co-ordination Committee and the State Agency, such Costs and Expenses shall be deemed to be Costs and Expenses for the purposes of this Contract and shall be deemed to be incurred on the Effective Date and shall be fully recoverable from Cost Recovery Petroleum in accordance with the provisions of this Contract.
Costs and Expenses Incurred by a Contractor Party prior to the Effective Date of this Agreement be deemed to have been incurred on the Effective Date of this Agreement, provided such Costs and Expenses are proved by relevant documents and are proved by Coordination Committee.
Costs and Expenses Incurred a. Where the Insured Event had commenced or occurred: • before this policy started; or • on, or after the renewal of this policy and which You knew, or should reasonably have known, could result in a claim.
Costs and Expenses Incurred. Each Party shall be responsible for its own attorneys’ fees, except as otherwise set forth in this Agreement. The City agrees to pay all costs of closing, including but not limited to any closing agent’s fees, and the costs of recording deeds. The City agrees to pay the costs and fees of closing, as additional consideration, to offset any difference between the appraised value of the Indian Ridge Property and the Regency Property.
Costs and Expenses Incurred. In each Relevant Deed, any determination of the level of redress to be afforded in respect of an Appendix Event which has a Material Adverse Effect is (subject to the other provisions of the Relevant Deed) to take into account reasonable costs, losses and liabilities incurred by the Other Concessionaire as a result of the relevant Appendix Event.
