Manager Expenses Sample Clauses

Manager Expenses. The Manager shall bear the following expenses incurred by it in the management of the business and properties of the Facility: (a) Salary and expenses (including, without limitation, payroll taxes, costs of employee benefit plans, travel, insurance, and fidelity bonds) of all personnel employed by the Manager to carry out all responsibilities detailed above. (b) Salary and expenses (including, without limitation, payroll taxes, cost of employee benefit plans, travel, insurance and fidelity bonds) of all of the Manager's home office personnel and overhead. (c) From and after the Conversion Date, all expenses described in Section 4.2 below, but specifically excluding any Management Fees and all Facility Financing.

Manager Expenses. The Manager shall bear the following expenses incurred by it in the management of the business and properties of the Facility: (a) Salary and expenses (including, without limitation, payroll taxes, costs of employee benefit plans, travel, insurance, and fidelity bonds) of all personnel employed by the Manager (other than the Executive Director, who will be paid by the Owner as set forth in Section 4.2 hereof) to carry out all responsibilities detailed above. (b) Salary and expenses (including, without limitation, payroll taxes, cost of employee benefit plans, travel, insurance and fidelity bonds) of all of the Manager's home office personnel and overhead.

Manager Expenses. The Manager shall bear the following expenses incurred by it in the management of the business and properties of the Facility: (a) Salary and expenses (including, without limitation, payroll taxes, costs of employee benefit plans, travel, insurance, and fidelity bonds) of all personnel employed by the Manager (other than the Executive Director, who will be paid by the Owner as set forth in Section 4.2 hereof) to carry out all responsibilities detailed above. (b) Salary and expenses (including, without limitation, payroll taxes, cost of employee benefit plans, travel, insurance and fidelity bonds) of all of the Manager's home office personnel and overhead. (c) From and after the Conversion Date, all expenses described in Section 4.2 below, but specifically excluding any Management Fees and all Facility Financing.

Manager Expenses. The Manager shall bear the following expenses of the Fund under this Agreement: (A) Expenses of all audits and tax preparation by the Fund’s independent public accountants; (B) Expenses of the Fund’s transfer agent, registrar, dividend disbursing agent, and recordkeeping agent; (C) Expenses and fees paid to agents and intermediaries for sub-transfer agency, sub-accounting, and other shareholder services on behalf of shareholders of shares of the Fund (or shares of a particular share class) held through omnibus and networked shareholder accounts (together, “Sub-Transfer Agency Expenses”), except where Sub-Transfer Agency Expenses are paid pursuant to a Rule 12b-1 or similar plan adopted by the Board of Trustees of the Fund for a particular Share class, in which case such Sub-Transfer Agency Expenses shall be paid by the Fund and Share class. (D) Expenses of the Fund’s custodial services, including any recordkeeping services provided by the custodian; (E) Trustee compensation, including deferred compensation; (F) Expenses of Fund accounting services, including expenses of calculating the value of the Fund’s net assets (and obtaining quotations in connection therewith) and maintaining the Fund’s tax records; (G) Fees payable by the Fund under the Administrative and Shareholder Services Agreement between the Manager and the Trust; (H) Expenses and fees, including legal fees, incident to meetings of the Fund’s shareholders (except as provided in (iii) below); the preparation, printing, and distribution of the Fund’s prospectuses, notices, and proxy statements (except as provided in (iii) below), press releases, and reports to existing shareholders; the preparation and filing of registration statements and updates thereto (except as provided in (iii) below) and reports with regulatory bodies; the maintenance of the Fund’s existence and qualification to do business; and expenses (including share registration fees) of issuing, redeeming, and repurchasing, registering and qualifying for sale, shares with federal and state securities authorities following the initial registration of its shares under the Securities Act of 1933, as amended (the “1933 Act”), and following any registration of a new class of shares of the Fund subsequent to its initial registration, including without limitation fees payable pursuant to Rule 24f-2 under the 1933 Act; (I) The Fund’s ordinary legal fees, including the legal fees that arise in the ordinary course of business for a Massachuse...

Manager Expenses. The Manager shall be entitled to management fees in consideration of its duties and responsibilities under this Agreement, including: (a) a base management fee related to servicing of Investments equal to one-twelfth of 3% of the principal amount of each Investment, payable monthly (i.e. 3% per year) (the “Base Management Fee”), and (b) a performance fee equal to 50% of all Net Income (computed without regard to the Performance Fee but taking into account the Base Management Fee) after application of the Preferred Return to Members calculated and payable in arrears at the end of each month (the “Performance Fee”) (Base Management Fee together with the Performance Fee, collectively, the “Management Fees”). The Management Fees are intended to reimburse the Manager for all costs associated with its personnel, overhead and profit, and no such expenses shall be considered Fund Expenses.

Manager Expenses. 1. Manager is to assume the obligation for and to be fully responsible for all costs and expenses associated with the Manager's performance under this Agreement. These costs and expenses include, but are not limited to, processing of assigned risk policies, sub­ producer commissions, loss control reports, premium audits, regulatory exams of the Manager and related fees, fines and settlement costs caused by the Manager, policy and policy jacket printing, motor vehicle reports ("MVRs") and OFAC costs, travel expense, employee salaries, benefits, fees, countersignature fees and expense, postage, advertising, exchanges, appointment and renewal fees, license fees and background checks. 2. Company shall be responsible only for its own costs and expenses unless otherwise agreed by Company. In the event Company is required to pay any costs or expenses that are the responsibility of the Manager, the Manager shall promptly reimburse Company for its payments thirty (30) days from invoice. The Company shall have the right to offset any costs or expenses that it has to pay on behalf of Manager with commissions due under this Agreement.

Manager Expenses. The Manager shall be responsible for, and, except as set forth below, shall receive no reimbursement from the Company with respect to, costs and expenses related to the Manager’s operations and personnel of the Manager or its Affiliates who provide management services to the Company pursuant to this Agreement, including, without limitation, salaries, bonus and other wages, payroll taxes and the cost of employee benefit plans and insurance with respect to such personnel (collectively, “Manager Employee Costs”); provided, however, that the Manager may use its own employees or employees of any Affiliate of the Manager to provide legal, accounting, asset management, tax, data processing, engineering, market research or other professional services to the Company and, in such event, the Company will reimburse the cost of performing such services. Such reimbursements may include Manager Employee Costs and related overhead expenses allocable thereto, as reasonably determined by the Manager based on the time expended by the employees who render such services, provided that no such reimbursement shall exceed the amount that would be payable by the Company if the services were provided in an arms-length transaction with an independent third party.

Manager Expenses. Expenses incurred by the Company after the distribution and dissolution of the company shall be incurred by the Company Manager, or in the case of multiple Managers, equally between all the Company Managers.

Manager Expenses. The Manager shall bear the following expenses incurred by it in the management of the business and properties of the Facility: (a) Salary and expenses (including, without limitation, payroll taxes, costs of employee benefit plans, travel, insurance, and fidelity bonds) of all personnel employed by the Manager (other than the Executive Director, who will be paid by the Owner as set forth in Section 4.2 hereof) to carry out all responsibilities detailed above. (b) Salary and expenses (including, without limitation, payroll taxes, cost of employee benefit plans, travel, insurance and fidelity bonds) of financial and accounting personnel employed by the Manager to maintain accounting books and records of the Facility, except as provided below.