G&A Expenses Clause Samples
The G&A Expenses clause defines how general and administrative costs are handled within an agreement. It typically outlines which overhead expenses—such as office rent, utilities, administrative salaries, and supplies—can be charged to a project or contract, and may specify calculation methods or percentage limits. This clause ensures transparency and consistency in the allocation of indirect costs, helping to prevent disputes over what constitutes reimbursable overhead and to control project budgeting.
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G&A Expenses. Allow G&A Expenses to exceed the G&A Cap.
G&A Expenses. The Borrower shall not permit its G&A Expenses to exceed $2,750,000 in the aggregate in any fiscal year.
G&A Expenses. Allow the G&A Expenses to exceed an aggregate of $500,000 per calendar quarter.
G&A Expenses. Allow the G&A Expenses of Borrower to exceed the amounts set forth on the G&A Budget for the relevant time period and as long as there are outstanding unpaid Advances under the Term Loan, allow the G&A Expenses to exceed an aggregate of $700,000 per calendar quarter.
G&A Expenses. As used herein, “G&A Expenses” shall mean Borrower’s general and administrative overhead expenses, which include an asset management fee payable monthly to Archon Group, L.P. or its permitted successors and assigns (the “Archon Asset Management Fee”). The following provisions shall apply to G&A Expenses:
G&A Expenses. While this Agreement is in force, GA shall bear all expenses incurred in performance of this Agreements and such other expenses as herein provided. Its sole compensation shall be the compensation as set thrill in Section 4 of this Agreement.
G&A Expenses. Permit, as of the end of any fiscal quarter, the ratio of (a) G&A Expenses to (b) Total Revenue to be greater than (i) thirty percent (30%) beginning with the fiscal quarter ending on December 31, 2009 and (ii) twenty-five percent (25%) for the fiscal quarter ending March 31, 2010 and each fiscal quarter thereafter.” Exhibit III, Compliance Certificate, attached to the Credit Agreement, is hereby deleted in its entirety and replaced with the Exhibit III attached hereto and each reference in any Loan Document to such Exhibit III shall include and incorporate Exhibit III attached to this Second Amendment.
G&A Expenses. All (i) costs, fees and expenses incurred by Gatherer in connection with any management, administration, marketing and other services necessary or advisable to run Gatherer’s business of owning and operating the Gathering System, including, without limitation, any fees of attorneys, consultants, Tax or financial accountants, auditors, experts or advisors, and (ii) other general or administrative expenses of Gatherer, to the extent, and only to the extent, that each of the foregoing is (x) not duplicative of any costs, fees or expenses included in the definition of Operating Expenses, (y) reasonably incurred in accordance with this Agreement, and (z) reasonably allocated to the Gathering System.
G&A Expenses. The Company shall pay all G&A Expenses to the extent not reimbursed by the Operating Companies or their Subsidiaries pursuant to Section 9.3 below. The term “G&A Expenses” shall mean all reasonable expenditures made on behalf of the Company or the Operating Company or their direct or indirect subsidiaries, including: (a) salaries, bonuses, benefits and expense reimbursements, (b) general and administrative expenses, including occupancy, travel and entertainment, data and subscriptions, legal, auditing, bookkeeping and accounting (including, without limitation, tax advisory, tax compliance and costs for preparation of reports to the Members and financial statements) fees and expenses, (c) all insurance and indemnification expenses, (d) interest expenses, borrowing expenses and other similar expenses, (e) extraordinary expenses such as litigation expenses, (f) expenses of liquidating the Company, (g) taxes, fees or other governmental charges levied against the Company and all expenses incurred in connection with any tax audit, investigation, settlement or review of the Company (other than those specifically allocated to a Member), and (h) expenses in connection with any Member’s default.