Manager’s Expenses. Manager shall, out of its own funds, pay all of its general overhead and administrative expenses.
Manager’s Expenses. Manager shall, out of its own funds, pay all of its general, overhead and administrative expenses (including those for off-site employees or offices not located within the Properties) except as set forth in a budget submitted by Manager and approved by Owner pursuant to Section 2.E.3 above or as otherwise specifically approved in advance by Owner.
Manager’s Expenses. Manager shall, out of its own funds, pay all of its general overhead and administrative expenses not appropriately allocable pursuant to the second or third sentence of the preceding Section 3.1.
Manager’s Expenses. In addition, the Issuer will reimburse the costs and expenses of the Managers in connection with the issue of the Bonds, including the reasonable fees and expenses of their legal advisers and all travelling, telecommunications, postage and other out-of-pocket expenses, which the Issuer authorises the Managers to deduct from the subscription moneys for the Bonds as provided in Clause 7.2 on the basis that the Managers account to the Issuer for any amount by which such costs and expenses fall short of the sum deducted and the Issuer pays subsequently for any amount by which such costs and expenses exceed the sum deducted.
Manager’s Expenses. The LLC shall promptly reimburse the members of the Board for all reasonable out-of-pocket expenses incurred by them in connection with attendance at all meetings of the Board (including any meetings of committees of the Board) and the board of directors of each of the LLC’s subsidiaries (including any meetings of committees thereof) or attending to other matters requested by the LLC.
Manager’s Expenses. The supervisory services of Manager’s or its Affiliates’ Corporate Staff Employees rendered in connection with the Operation of the Hotel, other than Reimbursable Expenses, will be provided by Manager at its expense and not charged to the Operation of the Hotel or Owner. Except for this obligation, and unless specifically stated in this Agreement that Manager is to bear an expense, and that the expense is not to be charged to the Hotel or the Owner, Manager: (i) is not liable for any expenses, debts or liabilities for its own account; and (ii) is not obligated to advance any of its own funds with respect to the performance of its obligations under this Agreement and the Operation of the Hotel.
Manager’s Expenses. The Manager shall be responsible for all of its own normal day-to-day operating expenses, including, without limitation, compensation of its professional staff and the cost of office space, office equipment, communications, utilities and such other normal overhead expenses related to the management of the Company.
Manager’s Expenses. Provider’s Revenues shall next be applied to pay all cumulative direct or indirect expenses incurred by Manager (including, without limitation, an allocable percentage of Manager’s corporate overheard) in developing the services provided hereunder including those services provided prior to the Effective Date and in carrying out its duties hereunder on behalf of Provider as well as any advances to Provider from Manager.
Manager’s Expenses. The Company shall pay or reimburse each Manager for the actual cost all reasonable, ordinary and necessary business expenses incurred by him in the course of performing his duties as a Manager of the Company, subject to approval by the Managers or any officer designated by the Managers. The Company shall also reimburse the Managers or their affiliates for organizational expenses (including, without limitation, legal and accounting costs) incurred by them to form the Company, prepare and file the Articles, and prepare this Agreement. Except as otherwise provided herein, the Managers and their affiliates shall not be reimbursed by the Company for the following expenses: (i) salaries, other compensation or fringe benefits of directors, officers or employees of the Managers or their affiliates; (ii) overhead expenses of the Managers or their affiliates, including (without limitation) rent and general office expenses; or (iii) the cost of providing any service or goods for which the Managers or their Affiliates are entitled to compensation.
Manager’s Expenses. Each Manager will bear its own costs and expenses incurred in connection with the issue of the Bonds, including fees and expenses of the Managers’ legal advisers that exceed the amount in their respective engagement arrangements which have been approved by the Issuer and all travelling (including hotel accommodations and flight tickets, telecommunications, postage and other out-of-pocket expenses) in connection with investor presentations, if any.
