Manager's Costs Clause Samples
The "Manager's Costs" clause defines which expenses incurred by the manager in the course of performing their duties are reimbursable or chargeable under the agreement. Typically, this clause outlines the types of costs that can be claimed, such as administrative fees, travel expenses, or third-party service charges, and may specify any limits or approval requirements. Its core practical function is to clarify financial responsibilities between the parties, ensuring transparency and preventing disputes over which costs are covered.
Manager's Costs. Notwithstanding anything contained in any other --------------- provision of this Agreement to the contrary, the following costs and expenses shall be borne solely by the Manager and shall not be borne by the Owner:
(a) Cost of gross salary and wages, payroll taxes, insurance, workers' compensation and other benefits of ▇▇▇▇▇▇▇▇▇▇ and any other employees of the Manager;
(b) Cost of forms, papers, ledgers and other supplies and equipment used in the Manager's office;
(c) Cost of electronic data processing or computer services, or any pro rata charge for data processing or computer services provided by computer service companies, which the Manager may elect to incur in the performance of the Development Functions;
(d) Cost of office equipment acquired by the Manager to enable it to perform its duties hereunder;
(e) Cost of advances made to employees of the Manager and cost of travel and lodging by the Manager's employees and agents, including ▇▇▇▇▇▇▇▇▇▇; and
(f) Cost attributable to losses, including any legal fees relating thereto, arising from negligence, fraud or willful act or omission on the part of the Manager or any of the Manager's officers, directors, employees or agents, except to the extent such costs are to be borne by the Owner pursuant to Section 9.3 hereof.
Manager's Costs incurred by the Manager in the course of and incidental to its performance of this Agreement;
Manager's Costs. Manager shall not be reimbursed for any of its:
(a) salaries and fringe benefits for Manager’s employees to the extent they are not engaged in the management or operation of the Property; and
(b) office equipment, stationary, postage, telephone, utilities and all other administration expenses except to the extent located on site and used of the operation of the Property.
Manager's Costs. Manager shall be reimbursed by Association for the cost of any and all expenses incurred by Manager in fulfilling its obligations under this Agreement. Manager shall submit invoices on a monthly basis and Association shall, within thirty (30) days, remit payment to Manager.
Manager's Costs. Except as specifically shown in the Budget, Manager shall --------------- not be reimbursed for any of its:
(a) employee costs related to employees of Manager (as opposed to employees of contractors employed by Manager);
(b) overhead costs; or
(c) office equipment, stationery, postage, telephone, bank charges, and all other administration expenses.