Monthly Overhead Sample Clauses

The Monthly Overhead clause defines the recurring costs that are charged each month to cover general business expenses not directly tied to a specific project or service. This typically includes items such as rent, utilities, administrative salaries, and other indirect costs that support the ongoing operations of a business. By specifying these charges, the clause ensures that both parties understand the additional monthly financial obligations beyond direct project costs, promoting transparency and helping to prevent disputes over unexpected expenses.
Monthly Overhead. Pursuant to Section 2.2.1(b)(i) of the SDA, on the first day of each calendar month, beginning on April 1, 2013 through and including August 1, 2013, Escrow Holder shall pay to SHU the amount of $53,000, out of the Escrow Account and to be used by SHU for its overhead expenses.