Individual Expenses Clause Samples
The 'Individual Expenses' clause defines which costs or expenditures are the personal responsibility of each party involved in an agreement. Typically, this clause clarifies that each party must pay for their own travel, lodging, meals, or other incidental expenses incurred while performing their obligations under the contract. By specifying these responsibilities, the clause helps prevent disputes over reimbursement and ensures that all parties understand which costs are not covered by the agreement.
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Individual Expenses. The Lessee shall pay all utility costs (water, gas, electricity, telephone/telefax connections, etc.) as well as all related expenses such as meter rental costs and connection fees, consumption costs, etc. The Lessor and the Lessee shall make the necessary arrangements to transfer any pre-existing subscriptions from the Lessor to the Lessee, with effect from the Start Date as referred to in Article 3.1 above.
Individual Expenses. The JV AmeriCorps member is also responsible for individual costs including, but not limited to, transportation to and from the service site as needed, medical co-pays and/or deductibles, and other living expenses they incur.
Individual Expenses. Each Owner shall be charged for and shall pay the actual expense of the following items attributable to their Use Period(s):
(1) Long distance telephone charges;
(2) Extraordinary repairs and charges for damages to the Unit, equipment or furnishings caused by such Owner or his guests;
(3) Extraordinary cleaning and maid service during Owner’s Use Period(s), normal cleaning during Owner’s Use Period(s), and extraordinary cleaning requested by Owner or made necessary by their occupancy of the Unit.
(4) Managing Agent fees in the amount often percent (10%) of the total of the above items one through three inclusive, Each owner shall pay all charges properly billed to him within twenty days after receipt of a statement therefor.
Individual Expenses. Except as otherwise set forth herein, each party will bear its own expenses, including (i) the fees of its own investigations into the value and other characteristics of the portfolio of properties and/or assets being purchased pursuant to the Purchase Agreement; (ii) the fees of its own professional advisors; (iii) the expenses relating to each property or asset being acquired by such party, including without limitation, (a) the cost of any title insurance (for itself or any lender, including lenders of indebtedness assumed by such party in connection with the acquisition of such property or asset under the Purchase Agreement), surveys, title inspections, environmental reports, engineering reports and appraisals that such party elects to obtain, and (b) the amount of any prepayment premiums or similar payments required as a result of a prepayment of debt associated with such property or asset on or prior to the Closing Date.
Individual Expenses. Each Owner shall be charged for and shall pay the actual expense of the following items attributable to their Use Period(s):
(1) Long distance telephone charges;
(2) Repairs and charges for damages to the Townhome Unit, equipment or furnishings caused by such Owner or his guests;
(3) Extraordinary cleaning and maid service during Owner’s Use Period(s), normal cleaning during Owner’s Use Period(s), and extraordinary cleaning requested by Owner or made necessary by their occupancy of the Townhome Unit.
(4) Managing Agent fees in the amount of ten percent (10%) of the total of the above items one through three inclusive. Each owner shall pay all general operating cost assessments, as designated by the budget, on a periodic basis (quarterly) due and payable at the beginning of each period (January 1, April 1, July 1, October 1). Each owner shall pay all individual expenses at the end of their vacation time or twenty (20) days after the receipt of a Statement. Each Owner shall pay any special assessments or other charges twenty (20) days after receipt of a Statement.
Individual Expenses. Each Party shall pay the expenses incurred in its operations and shall not be responsible for the payment of the expenses of any other Party.
Individual Expenses. Each party agrees to be responsible for the payment of all expenses incurred by or on behalf of it in connection with the preparation, authorization, execution and performance of this Agreement, including without limitation all fees of counsel, accountants and consultants incurred by that party, whether or not this transaction is completed.
Individual Expenses. Each party shall be responsible for their own expenses as it relates to this Agreement, with the exception of any that are incurred on behalf of the Joint Venture in accordance with the terms of this Agreement.