Expenses of Owner. Except as otherwise expressly provided in Section 7 hereof, Owner assumes and shall pay or cause to be paid all expenses of the Assets, including, by way of illustration and without limitation thereof:
Expenses of Owner. Except as otherwise provided in this Agreement, all obligations incurred to third parties in the course of managing the Property pursuant to this Agreement shall be obligations of Owner and shall be for its account. All reasonable expenses, including fees for necessary legal advice, incurred by Operator in performance of its obligations under this Agreement shall be reimbursed by Owner to the extent they are described as reimbursable in this Agreement (subject to the Owner approved Annual Budget or other Owner approval requirements of this Agreement). Such expenses and reimbursables shall be paid with funds drawn from the General Account in accordance with Article VII hereof.
Expenses of Owner. Unless this Agreement expressly provides for an item or service to be at Operator’s own expense, all costs and expenses incurred by Operator in the performance of Operator’s obligations under this Agreement shall be for and on behalf of Owner and for its account, and each of the same shall be a “Hotel Expense,” except as and to the extent this Agreement provides expressly for any of them to be at Owner’s separate expense to be paid by Owner from Owner’s own funds on a cash basis and not from the Agency Accounts.
Expenses of Owner. All obligations or expenses incurred by Manager hereunder, as specifically permitted or authorized hereunder or in the Operating Budget, shall be for the account of, on behalf of, and at the expense of Owner, except as otherwise specifically provided in this Agreement; provided, however, that Owner shall not be obligated to reimburse Manager for (A) any expenses for office equipment or office supplies of Manager's corporate office, (B) any corporate overhead expenses of an off-site management office, and/or (C) any salaries (including benefits) of the corporate staff of Manager including, without limitation, any executives or supervisory personnel of Manager or the secretary of such personnel or the bookkeeper of Manager, other than those specified in Section 2.3.9 above. Owner shall have the right of prior approval with respect to all expenses of Manager to be reimbursed by Owner and shall have the right to audit any allocation of expenses between the Property and any other properties managed or owned by Manager provided that such approval shall be deemed to have been given if any such expense is specifically permitted or authorized hereunder or in the Operating Budget.
Expenses of Owner. 9 6.2 Reimbursement By Tenants And Parties To REA . . . . . . . . . 9 6.3 Estimate of Expense . . . . . . . . . . . . . . . . . . . . .10
Expenses of Owner. Owner shall be responsible for all direct operating expenses of the Project as set forth in the Annual Operating Budget prepared pursuant to SECTION 5.3 hereof, and for the Management Fee as provided in SECTION 7.1 hereof. It is further understood that everything done by Manager under the provisions of this Agreement shall be done for the benefit of Owner and the Project, and that all expenses incurred which inure to the benefit of Owner or the Project shall be incurred on behalf of and at the expense of Owner.
Expenses of Owner. OWNER agrees to assume all expenses in connection therewith. OWNER shall give adequate advance written notice to MANAGER if OWNER desires that MANAGER make payment, out of Gross Income, to the extent funds are available after the payment of MANAGER’S compensation set forth in Section 14 and all operational expenses, of mortgage indebtedness, general taxes, special assessments, or fire, boiler or any other insurance premiums.
Expenses of Owner. Owner shall pay the costs of operating the Project, but only according to the annual approved budget or as separately authorized in writing by Owner.
Expenses of Owner. Except as otherwise expressly provided in this Agreement, any expenses incurred by Manager on behalf of Owner pursuant to its authority under this Agreement shall be deemed to have been incurred for the account of, on behalf of, and at the expense of Owner. Owner, to the extent any such expenses are incurred directly by Manager shall reimburse Manager for all such expenses in the manner provided in Section 6.2. Nothing herein shall be construed to authorize Manager to charge Owner, or be entitled to reimbursement with respect to, any overhead or similar expense of Manager or any affiliate of Manager incurred in its general offices, or for any salaries of any executives or supervisory personnel who are employees of Manager and not assigned to the Business full time or otherwise in accordance with this Agreement. Manager acknowledges that the Management Fee contemplates that Manager shall absorb any such expenses and any other expenses expressly allocated hereunder to Manager for its own account and without any right of reimbursement. Any expenses incurred by Manager which are not authorized pursuant to other provisions of this Agreement or by express written authorization of Owner, shall be borne by Manager.
