For Administration Services Clause Samples
The 'For Administration Services' clause defines the scope and terms under which administrative support or management services are provided within an agreement. Typically, this clause outlines the specific administrative tasks to be performed, such as record-keeping, scheduling, or coordination activities, and may detail the standards or timelines for these services. Its core function is to clearly allocate responsibility for administrative duties, ensuring both parties understand what services are included and how they will be delivered, thereby reducing the risk of misunderstandings or disputes regarding administrative obligations.
For Administration Services. Rancon shall pay Glenborough an Asset and Partnership Services Fee of $75,000 per year, which fee is payable in advance, quarterly, commencing on the Commencement Date. In addition, Rancon shall reimburse the following costs paid by Glenborough: travel, data services and the costs of legal services provided by Glenborough’s internal legal staff. The costs of specific Rancon-related items provided by unaffiliated third parties (for example, printing and postage for mass mailings) shall also be separately reimbursed to Glenborough by Rancon