Reimbursement of Organizational Expenses Sample Clauses

Reimbursement of Organizational Expenses. The General Partners may be reimbursed for, or the Partnership may pay directly, all expenses in connection with the organization or offering of the Units including, without limitation, attorneys fees, accounting fees, printing costs and other selling expenses (other than underwriting commissions) in an amount equal to the lesser of ten percent (10%) of the gross proceeds of the Offering or $1,200,000. The General Partners may pay, at their election, any offering and organization expenses in excess of this amount. 10.15
Sample 1Sample 2Sample 3See All (7)
AutoNDA by SimpleDocs
Reimbursement of Organizational Expenses. The Members recognize that each Member has accumulated certain documented out-of-pocket expenses (the “Organizational Expenses”) summarized in Schedule 2.4 hereto in connection with the organization and formation of the Company. The Organizational Expenses are reimbursable in cash by the Company within 30 days of the date of the Company’s initial receipt of Capital Contributions of cash in an amount exceeding $1,000,000 (the “Contributions Commencement Date”).
Sample 1Sample 2Sample 3
Reimbursement of Organizational Expenses. The Trust shall reimburse to the Adviser the organizational expenses paid pursuant to paragraph 1. Such reimbursement shall be paid no more than 12 months after the commencement of a public offering of shares of the Funds. Such reimbursement may be paid as a lump sum, in equal monthly installments, or in such other amounts as the parties may reasonably agree. Such reimbursement shall be subject to any expense limitation arrangement in effect for a Fund.
Sample 1Sample 2
Reimbursement of Organizational Expenses. 25 10.3 Reimbursement of Feasibility Study Expenses..............25
Sample 1Sample 2
Reimbursement of Organizational Expenses. 25 10.3 Reimbursement of Feasibility Study Expenses..............25 ARTICLE 11. FINANCING................................................25 11.1 Financial Plan...........................................25 11.2
Sample 1
Reimbursement of Organizational Expenses. ‌ The Partnership shall pay, or cause the General Partner or Management Company to be reimbursed for, all Organizational Expenses, in each case based on the Partnership’s pro rata portion of the CSAIP Commitments, up to an amount which does not exceed Three Hundred and Fifty Thousand Dollars ($350,000). Organizational Expenses in excess of this amount, as well as any placement agent fees, will be paid by the Partnership but ultimately borne by the Management Company through a future offset against, or reduction of, the Management Fee due to the Management Company. Each Partner will bear its pro rata share of all Organizational Expenses.
Sample 1
Reimbursement of Organizational Expenses. Advantage agrees to reimburse MIIX Insurance for the Organizational Expenses paid by MIIX Insurance hereunder, as follows:
Sample 1
AutoNDA by SimpleDocs
Reimbursement of Organizational Expenses. Each Fund shall reimburse CWAM for the organizational expenses of the Fund, to the extent permissible by law and the provisions of the Fee Waiver and Expense Reimbursement Agreement between the Trust and CWAM dated August 17, 2011.
Sample 1
Reimbursement of Organizational Expenses. Upon the closing of the Transaction, the Partnership shall promptly reimburse each of Intrawest and CNL for any and all Organizational Expenses previously funded by either of them, upon presentation to the Partnership of reasonable evidence (such as invoices, canceled checks, etc.) indicating that such Organizational Expenses have been paid. Any such reimbursement shall be paid to the party that previously incurred and paid such Organizational Expenses without interest.
Sample 1

Related to Reimbursement of Organizational Expenses

  • Organizational Expenses The Partnership shall elect to deduct expenses, if any, incurred by it in organizing the Partnership ratably over a sixty (60) month period as provided in Section 709 of the Code.

  • Reimbursement of Business Expenses The Executive is authorized to incur reasonable expenses in carrying out the Executive’s duties for the Company under this Agreement and shall be entitled to reimbursement for all reasonable business expenses the Executive incurs during the Period of Employment in connection with carrying out the Executive’s duties for the Company, subject to the Company’s expense reimbursement policies and any pre-approval policies in effect from time to time.

  • Reimbursement of Travel Expenses If the Servicer provides access to the Review Materials at one of its properties, the Issuer will reimburse the Asset Representations Reviewer for its reasonable travel expenses incurred in connection with the Review on receipt of a detailed invoice.

  • Reimbursement of General Partner (a) Except as provided in this Section 6.5 and elsewhere in this Agreement (including the provisions of Articles 5 and 6 regarding distributions, payments, and allocations to which it may be entitled), the General Partner shall not be compensated for its services as general partner of the Partnership.

  • Organizational Expenses; Liabilities of the Holders (a) The Servicer shall pay organizational expenses of the Issuer as they may arise.

  • Fees, Expenses and Reimbursement (a) So long as the Administrator provides Administrative Services to the Company, it shall be entitled to receive reasonable and customary fees for such services as well as out-of-pocket expenses as may be agreed to by the Administrator and the Company pursuant to a separate written agreement.

  • Organization Expenses All expenses incurred in connection with organization of the Company will be paid by the Company.

  • General Expenses You authorize the Manager to charge your account with your Underwriting Percentage of all expenses of a general nature incurred by the Manager and Co-Managers under the applicable AAU in connection with the Offering, including the negotiation and preparation thereof, or in connection with the purchase, carrying, marketing and sale of any securities under the applicable AAU and any Intersyndicate Agreement, including, without limitation, legal fees and expenses, transfer taxes, costs associated with approval of the Offering by the NASD and the costs of currency transactions (including forward and hedging currency transactions) entered into to facilitate settlement of the purchase of Securities permitted under Section 3.1 hereof.

  • Expenses Reimbursement State Street shall be entitled to receive from the Fund on demand reimbursement for its cash disbursements, expenses and charges, excluding salaries and usual overhead expenses, as set forth in Schedule A.

  • Professional Expenses Each calendar year during the Employment Term, the Company agrees to reimburse the Executive for up to $10,000 of reasonable professional expenses (i.e., accounting, financial planning, estate planning expenses) incurred by the Executive during such year for personal advice rendered to the Executive.

Time is Money Join Law Insider Premium to draft better contracts faster.