Common use of Timing of and Additional Limitations on Reimbursements Clause in Contracts

Timing of and Additional Limitations on Reimbursements. Expenses incurred by the Manager on behalf of the Park View Entities and reimbursable pursuant to this Article 9 shall be reimbursed no less than monthly to the Manager. Monthly reimbursement payments will be limited to no more than 2% of current fund assets. The Manager will prepare a statement documenting the expenses of the Park View Entities during each quarter and will deliver such statement to the Park View Entities within 45 days after the end of each quarter. Personnel and related employment costs incurred by the Manager or its Affiliates in performing the services described in Section 3.06 and Section 3.07 hereof, including salaries and wages, benefits and overhead of all employees directly involved in the performance of such services, shall be paid for by the Manager and are not subject to reimbursement by the Park View Entities.

Timing of and Additional Limitations on Reimbursements. Expenses incurred by the Manager on behalf of the Park View Entities and reimbursable pursuant to this Article 9 shall be reimbursed no less than monthly to the Manager. Monthly reimbursement payments will be limited to no more than 2% of current fund assets. The Manager will shall prepare a statement documenting the expenses of the Park View Entities during each quarter and will shall deliver such statement to the Park View Entities within 45 days after the end of each quarter. Personnel and related employment costs incurred by the Manager or its Affiliates in performing the services described in Section 3.06 and Section 3.07 hereof, including salaries and wages, benefits and overhead of all employees directly involved in the performance of such services, shall be paid for by the Manager and are not subject to reimbursement by the Park View Entities.

Timing of and Additional Limitations on Reimbursements. Expenses incurred by the Manager on behalf of the Park View Entities and reimbursable pursuant to this Article 9 shall be reimbursed no less than monthly to the Manager. Monthly reimbursement payments will be limited to no more than 2% of current fund assets. The Manager will shall prepare a statement documenting the expenses of the Park View Entities during each quarter and will shall deliver such statement to the Park View Entities within 45 days after the end of each quarter. Personnel and related employment costs incurred by the Manager or its Affiliates in performing the services described in Section 3.06 and Section 3.07 hereof, including salaries and wages, benefits and overhead of all employees directly involved in the performance of such services, shall be paid for by the Manager and are not subject to reimbursement by the Park View Entities.