Payment of Pre Opening Expenses Sample Clauses

Payment of Pre Opening Expenses. The cost of the Pre-Opening Expenses shall be paid by Owner. Pre-Opening Expenses and the time schedule for incurring such expense shall be established in the Pre-Opening Budget and Pre- Opening Plan. Owner shall deposit such sums to fund the Pre- Opening Expenses in accordance with the schedules as shall be established by the parties in the Pre-Opening Plan and Pre- Opening Budget and Owner shall maintain sufficient funds therein to timely provide for any and all Pre-Opening Expenses.
Sample 1
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Payment of Pre Opening Expenses. All costs and expenses ---------------------------------- properly incurred in connection with the Pre-Opening Services (the "Pre-Opening Expenses") shall be paid from the Bank Accounts. Pre-Opening Expenses and the time schedule for incurring such expenses shall be established in the approved Development Budget and Development Plan. Owner shall deposit, in advance, such sums in accordance with the schedule as shall be established by the parties in the Development Budget and the Development Plan and Owner shall maintain sufficient funds therein to pay all Pre-Opening Expenses in accordance with monthly schedules to be prepared by Manager and submitted to Owner. Manager shall not incur any expenses or make any disbursements that are not provided for, or are in excess of one hundred fifty percent (150%) of any the Development Budget without Owner's prior written consent: provided, however, that if a savings of up to five hundred thousand Rands (R500,000) is obtained for a line item, such amount may be reallocated so as to allow an excess disbursement in an amount up to the amount saved with respect to another line item. Manager may, but is not required to, advance funds to pay Pre-Opening Expenses on behalf of Owner. All such Pre-Opening Expenses advanced by Manager, if any, shall be itemized, scheduled and submitted to Owner on a calendar month basis and reimbursement within ten (10) Business Day's after such submission. Any Pre-Opening Expenses advanced day Manager that remain unreimbursed ten (10) Business Days after submission shall bear interest at the Default Rate.
Sample 1
Payment of Pre Opening Expenses. Owner shall, at the time of commencement of construction of the Entertainment Facility, establish a bank account, pursuant to a Banking Resolution in the form attached as Exhibit F, (the sole signatories of which shall be designees of Manager) in the amount of THREE HUNDRED THOUSAND and 00/100 DOLLARS ($300,000)
Sample 1
Payment of Pre Opening Expenses. Owner agrees that any Pre-Opening Expenses shall be promptly paid directly by Owner, with payment to be made in accordance with the terms of each invoice approved by Manager and delivered to Owner for payment. Owner shall establish a bank account for the Project Account (as defined in the Credit Agreement) into which Owner shall deposit funds to pay for the budgeted Pre-Opening Expenses for the Casino, which shall be paid by Owner from the Project Account. Manager is authorized and shall have the option to elect, in lieu of submitting third party invoices to Owner for direct payment, to pay Pre-Opening Expenses from its own funds, on behalf of Owner. Owner shall, in such case, reimburse the Manager on demand, for all amounts paid from Manager's own funds (together with interest on any portion thereof advanced by Manager from its funds at the Interest Rate from and including the date of advancement until and including the date of repayment) to pay such Pre-Opening Expenses, so long as such expenses are within the Pre-Opening Budget. All Pre-Opening Expenses advanced or incurred by Manager shall be itemized, scheduled and submitted to Owner along with each demand for payment. Reimbursement shall be made by Owner to Manager within ten (10) days after the date of submission of each such schedule. Owner shall increase the amount in the Project Account, on request of Manager, to provide all funds required to pay for Pre-Opening Expenses authorized by Article 5.01.
Sample 1
Payment of Pre Opening Expenses 
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Related to Payment of Pre Opening Expenses

  • Closing Expenses The Borrower agrees to pay or reimburse the Administrative Agent and the Lenders for all of their reasonable and documented out of pocket costs and expenses (including the reasonable and documented fees and expenses of Xxxxxxx and Xxxxxx LLP, special counsel to the Administrative Agent) in connection with the negotiation, preparation, execution and delivery of this Agreement and the other Loan Documents and the making of the Term Loan.

  • Payment of Premiums Each Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security Trustee.

  • Initial Contribution of Trust Property; Fees, Costs and Expenses The Property Trustee acknowledges receipt from the Depositor in connection with the Original Trust Agreement of the sum of ten dollars ($10), which constituted the initial Trust Property. The Depositor shall pay all fees, costs and expenses of the Trust (except with respect to the Trust Securities) as they arise or shall, upon request of any Trustee, promptly reimburse such Trustee for any such fees, costs and expenses paid by such Trustee. The Depositor shall make no claim upon the Trust Property for the payment of such fees, costs or expenses.

  • Payment of Company Expenses The Company agrees to pay all costs, fees and expenses incurred by the Company in connection with the performance of its obligations hereunder and in connection with the transactions contemplated hereby, including, without limitation: (i) all expenses incident to the issuance, delivery and qualification of the Securities (including all printing and engraving costs); (ii) all fees and expenses of the registrar and transfer agent of the Securities; (iii) all necessary issue, transfer and other stamp taxes in connection with the issuance and sale of the Securities; (iv) all fees and expenses of the Company’s counsel, independent public or certified public accountants and other advisors; (v) all costs and expenses incurred in connection with the preparation, printing, filing, shipping and distribution of the Registration Statement (including financial statements, exhibits, schedules, consents and certificates of experts), the Prospectus, and all amendments and supplements thereto, and this Agreement; (vi) all filing fees, reasonable attorneys’ fees and expenses incurred by the Company or the Underwriter in connection with qualifying or registering (or obtaining exemptions from the qualification or registration of) all or any part of the Securities for offer and sale under the state securities or blue sky laws or the securities laws of any other country, and, if reasonably requested by the Underwriter, preparing and printing a “Blue Sky Survey,” an “International Blue Sky Survey” or other memorandum, and any supplements thereto, advising any of the Underwriter of such qualifications, registrations and exemptions; (vii) if applicable, the filing fees incident to the review and approval by the FINRA of the Underwriter’s participation in the offering and distribution of the Securities; (viii) the fees and expenses associated with including the Ordinary Shares on the Trading Market; and (ix) all costs and expenses incident to the travel and accommodation of the Company’s employees on the “roadshow,” as described in Section 1(a)(iii) of this Agreement.

  • Operating Expense Payments Landlord shall deliver to Tenant a written estimate of Operating Expenses for each calendar year during the Term (the “Annual Estimate”), which may be revised by Landlord from time to time during such calendar year. During each month of the Term, on the same date that Base Rent is due, Tenant shall pay Landlord an amount equal to 1/12th of Tenant’s Share of the Annual Estimate. Payments for any fractional calendar month shall be prorated.

  • PAYMENT OF CLOSING COSTS In addition to the costs set forth in Paragraphs 3.1 and 3.2, Purchaser and Seller shall each pay for one-half of the costs of the documentary or transfer stamps to be paid with reference to the "Deed" (hereinafter defined) and all other stamps, intangible, transfer, documentary, recording, sales tax and surtax imposed by law with reference to any other sale documents delivered in connection with the sale of the Property to Purchaser and all other charges of the Title Insurer in connection with this transaction.

  • Payment of Premium Unless otherwise agreed in writing by the Parties, the Buyer shall be obligated to pay the Premium related to an Option no later than its Premium Payment Date.

  • Payment of Fees, Costs and Expenses The Administrative Agent shall have received payment of all fees, costs and expenses, including, without limitation, all fees, costs and expenses of the Administrative Agent (including, without limitation, the reasonable fees and out-of-pocket expenses of counsel for the Administrative Agent) in connection with this Amendment, the Credit Agreement and each other Loan Document, as required by Sections 8 and 9 hereof.

  • Payment of Operating Expenses Subject to the provisions of Section 6.08(c), Borrower will (i) pay the expenses of operating, managing, maintaining and repairing the Mortgaged Property (including utilities, Repairs and Capital Replacements) before the last date upon which each such payment may be made without any penalty or interest charge being added, and (ii) pay Insurance premiums at least 30 days prior to the expiration date of each policy of Insurance, unless applicable law specifies some lesser period.

  • Payment of Costs and Legal Fees and Reinstatement of Benefits In the event any dispute or controversy arising under or in connection with the Executive’s termination is resolved in favor of the Executive, whether by judgment, arbitration or settlement, the Executive shall be entitled to the payment of (a) all legal fees incurred by the Executive in resolving such dispute or controversy, and (b) any back-pay, including Base Salary, bonuses and any other cash compensation, fringe benefits and any compensation and benefits due to the Executive under this Agreement.

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