Costs and Expenses Paid Clause Samples
The "Costs and Expenses Paid" clause defines which party is responsible for covering specific costs and expenses incurred during the performance of a contract. Typically, this clause outlines whether the client or the service provider will pay for items such as materials, travel, administrative fees, or third-party services necessary to fulfill contractual obligations. By clearly allocating financial responsibility, this clause helps prevent disputes over payments and ensures both parties understand their obligations regarding reimbursable and non-reimbursable expenses.
Costs and Expenses Paid. The Borrowers shall have paid (A) to the Administrative Agent all fees payable to the Lenders pursuant to clause (iv) above and (B) all costs and invoiced out-of-pocket expenses of the Administrative Agent then due under Section 10.3 of the Credit Agreement, including invoiced expenses incurred in connection with the preparation, reproduction, execution and delivery of this Amendment (including, without limitation, the reasonable fees and out-of-pocket expenses of counsel) and all other costs, expenses and fees then due under any Loan Document.
Costs and Expenses Paid. The Borrowers shall have paid (A) to the Administrative Agent all fees payable to the Lenders pursuant to clause (iv) above, (B) all costs and invoiced out-of-pocket expenses of the Administrative Agent then due under Section 10.3 of the Credit Agreement, including invoiced expenses incurred in connection with the preparation, reproduction, execution and delivery of this Amendment (including, without limitation, the reasonable fees and out-of-pocket expenses of counsel) and all other costs, expenses and fees then due under any Loan Document and (C) to CNAI, as Administrative Agent, First Lien Term Loan Administrative Agent and Second Lien Administrative Agent, a retainer equal to $500,000 for the fees and expenses of counsel and the financial advisors to CNAI in such capacities.