Common use of Organization Costs Clause in Contracts

Organization Costs. Each Member shall pay its own costs and expenses (including without limitation legal fees and, if applicable, the fees of the Special Consultant) incurred by such Member in connection with the formation of the Company and the negotiation and documentation of this Agreement and any of the TPG Services Agreements. However, each Member shall be reimbursed for any reasonable out-of-pocket costs and expenses actually incurred in connection with the business and affairs of the Company to the extent provided for in the applicable Project Budget or then applicable Annual Budget.

Appears in 1 contract

Sources: Operating Agreement (Thomas Properties Group Inc)

Organization Costs. Each Member shall pay its own costs and expenses (including without limitation legal fees and, if applicable, the fees of the Special ConsultantOperations Auditor) incurred by such Member in connection with the formation of the Company and the negotiation and documentation of this Agreement and any of the TPG Services TDP Agreements. However, each Member shall be reimbursed for any reasonable out-of-pocket costs and expenses actually incurred in connection with the business and affairs of the Company to the extent provided for in the applicable Project Budget or then applicable Annual Budget.

Appears in 1 contract

Sources: Operating Agreement (Thomas Properties Group Inc)