Common use of Salaries and Reimbursement Clause in Contracts

Salaries and Reimbursement. Unless otherwise determined by -------------------------- Majority Interest, the Manager, in the Manager's capacity as Manager, shall not be entitled to a salary and remuneration for services rendered to the Company. Any salary of any Manager who is also a Member shall be treated as a guaranteed payment within the meaning of Section 707(c) of the Code. The Company shall reimburse the Manager and the Manager's Affiliates for the actual cost of materials and third party services used for or by the Company. The Company shall also pay or reimburse the Manager or the Manager's Affiliates for organizational expenses (including, without limitation, legal and accounting fees and costs) incurred to form the Company and prepare and file the certificate of formation and this Agreement.

Salaries and Reimbursement. Unless otherwise determined by -------------------------- Majority Interest, the Manager, in the Manager's capacity as Manager, shall not be entitled to a salary and remuneration for services rendered to the Company. Any salary of any Manager who is also a Member shall be treated as a guaranteed payment within the meaning of Section 707(c) of the Code. The Company shall reimburse the Manager and the Manager's Affiliates for the actual cost of materials and third party services used for or by the Company. The Company shall also pay or reimburse the Manager or the Manager's Affiliates for organizational expenses (including, without limitation, legal and accounting fees and costs) incurred to form the Company and prepare and file the certificate of formation and this Agreement.