Common use of Managers Compensation Clause in Contracts

Managers Compensation. 5.1 Expense Reimbursement In addition to the Cash Distributions described in Article 4, the Manager or their Affiliates who may have contributed funds toward organization of the Company will be reimbursed for their out-of-pocket expenses on production of receipts. The Manager will not be reimbursed for its own overhead expenses, but will be reimbursed for initial startup expenses for the Company including legal fees. Reimbursements may be paid as an expense of the Company prior to determining Distributable Cash. Reimbursement may be deferred until sufficient cash is available, without forfeiting any right to collect, although the Manager may earn interest on deferred reimbursement of initial startup expenses. The maximum amount of reimbursements the Manager may receive cannot be determined at this time. Paradyme Equities, LLC 9 Company Agreement

Appears in 4 contracts

Samples: Company Agreement (Paradyme Equities, LLC), Company Agreement (Paradyme Equities, LLC), Company Agreement (Paradyme Equities, LLC)

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Managers Compensation. 5.1 Expense Reimbursement In addition to the Cash Distributions described in Article 4, the Manager or their Affiliates who may have contributed funds toward organization of the Company will be reimbursed for their out-of-pocket expenses on production of receipts. The Manager will not be reimbursed for its own overhead expenses, but will be reimbursed for initial startup expenses for the Company including legal fees. Reimbursements may be paid as an expense of the Company prior to determining Distributable Cash. Reimbursement may be deferred until sufficient cash is available, without forfeiting any right to collect, although the Manager may earn interest on deferred reimbursement of initial startup expenses. The maximum amount of reimbursements the Manager may receive cannot be determined at this time. Paradyme Equities, LLC 9 Company Agreement.

Appears in 3 contracts

Samples: Company Agreement (Paradyme Equities, LLC), Company Agreement (Paradyme Equities, LLC), Company Agreement (111 Crowdfunding LLC)

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Managers Compensation. 5.1 Expense Reimbursement In addition to the Cash Distributions described in Article 4, the Manager or their Affiliates who may have contributed funds toward organization of the Company will be reimbursed for their out-of-pocket expenses on production of receipts. The Manager will not be reimbursed for its own overhead expenses, but will be reimbursed for initial startup expenses for the Company including legal fees. Reimbursements may be paid as an expense of the Company prior to determining Distributable Cash. Reimbursement may be deferred until sufficient cash is available, without forfeiting any right to collect, although the Manager may earn interest on deferred reimbursement of initial startup expenses. The maximum amount of reimbursements the Manager may receive cannot be determined at this time. Paradyme Equities, LLC 9 Company Agreement

Appears in 1 contract

Samples: Company Agreement (Paradyme Equities, LLC)

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