EXPENSES BORNE Clause Samples
EXPENSES BORNE. BY OWNER All operating expenses, ownership costs, and expenses incurred by Manager on behalf of Owner or Hotels shall be the responsibility of Owner. Operating expenses include but are not limited to: salaries, wages and benefits for all Hotel employees; repairs and maintenance to the Hotels, including capital expenditures; marketing and advertising expenses; debt service on any mortgage or other loans to the Hotels; property taxes; all administrative and general expenses; all legal, accounting and bookkeeping expenses; and franchise fees.
EXPENSES BORNE. BY VAN KAMPEN AMERICAN CAPITAL DISTRIBUTORS, INC. FUND PROSPE▇▇▇▇▇▇ With respect to prospective Participants, Van Kampen American Capital Distributors, Inc. ("VKAC Distribu▇▇▇▇"), ▇hall pay one half of the cost of setting in type, printing and distributing Fund Prospectuses made available by the Company as sales literature to such prospective Participants. With respect to prospective Participants, in the event the Company elects to prepare a Combined Prospectus, VKAC Distributors shall pay one half of the cost of printing and distributing the Combined Prospectus made available by the Company to its prospective Participants as sales literature. In such event, VKAC Distributors shall bear the cost of typesetting to provide the Fund Prospectus to the Company in the format in which the Fund is accustomed to formatting prospectuses. Notwithstanding the foregoing, in no event shall VKAC Distributors pay for any such costs that exceed by more than five (5) percent what VKAC Distributors and the Fund would have paid to print such documents. FUND SAIs, FUND REPORTS AND PROXY MATERIAL. With respect to prospective Participants, VKAC Distributors. shall pay one half of the cost of setting in type and printing Fund SAIs, Fund Reports and Fund proxy material made available by the Company to its prospective Participants as sales literature. In the event the Company elects to prepare a Combined SAI or Combined Reports, VKAC Distributors shall pay one half of the cost of printing the Combined SAI or Combined Reports, respectively, made available by the Company to its prospective Participants as sales literature. In such event, VKAC Distributors shall bear the cost of typesetting to provide the Fund SAI and Fund Reports to the Company in the format in which the Fund is accustomed to formatting statements of additional information and annual and semi-annual reports. Notwithstanding the foregoing, in no event shall VKAC Distributors pay for any such costs that exceed by more than five (5) percent what VKAC Distributors and the Fund would have paid to print such documents. VKAC Distributors shall pay one half the cost of distributing Fund SAIs, Combined SAIs, Fund Reports, Combined Reports, and Fund proxy material to such prospective Participants as sales literature.