Direct Reimbursement Expenses definition

Direct Reimbursement Expenses means those expenses included in the line items of the Budget under the category “Asset Management Agreement-Direct Reimbursement.”
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Direct Reimbursement Expenses means Operating Costs which can be attributed directly to the operation, maintenance, repair and/or replacement of the premises of an individual tenant or a group of tenants. At Landlord's option and to the extent feasible, Landlord will charge Direct Reimbursable Expenses directly to Tenant or pro rata to those tenants for which such expenses were incurred, and such expenses shall be due and payable fifteen (15) days after receipt of a ▇▇▇▇ from Landlord. Direct Reimbursable Expenses which represent a component of Operating Costs incurred primarily for the benefit of one or a group of tenants shall not be included in the Operating Costs for purposes of determining Tenant's Proportionate Share thereof so as to eliminate duplication of component items for which Tenant is being charged directly. However, such tenant or group of tenants shall remain liable for any other Operating Costs incurred by Landlord. For example, if Tenant or a group of tenants were to maintain its own HVAC system at its own expense, such item would be excluded from Operating Costs for purposes of determining Tenant's or such tenants' proportionate shares, and the Operating Costs for such tenants would include only the cost of HVAC for the common areas of the Building.
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Examples of Direct Reimbursement Expenses in a sentence

  • Each Owner shall be responsible for (but shall not be obligated to fund) all Operating Disbursements and Direct Reimbursement Expenses in respect of its Facility; provided that any failure by an Owner to provide such funding shall relieve Manager of any obligation hereunder for which there is no Availability of Funds.

  • If funds shall not be sufficient to make applicable disbursements for Operating Disbursements or Direct Reimbursement Expenses, Manager shall promptly notify Owner Agent and Owner Agent shall promptly provide the required funds, subject to the terms of this Agreement.

  • Subject to availability of adequate funds in such accounts, Manager shall withdraw from such accounts such funds as may be necessary to pay such Owner’s Operating Disbursements and Direct Reimbursement Expenses in accordance with the Budget.

  • Manager shall promptly notify Owner Agent of any actual or anticipated variance from the amounts budgeted for Operating Disbursements and Direct Reimbursement Expenses, the reasons therefor and Manager’s recommendations with respect thereto.

  • Notwithstanding the foregoing, Tenant shall not have to pay any Property Taxes, Operating Expenses or Direct Reimbursement Expenses with respect to the 3rd Floor North prior to the 3rd Floor North Commencement Date.

  • Should the final determination reveal a discrepancy in favor of the Tenant in excess of 5% of the total amount set forth in the Landlord’s Statement for that year’s Property Taxes, Operating Expenses, and Direct Reimbursement Expenses, Landlord shall pay any reasonable third party fees associated with such review.

  • Subject to availability of adequate funds in such accounts, SunEdison shall withdraw from such accounts such funds as may be necessary to pay such Owner’s Operating Disbursements and Direct Reimbursement Expenses in accordance with the Budget.

  • The Budget sets forth the budgeted amounts for all Operating Disbursements and Direct Reimbursement Expenses and for Allocated Expenses and Asset Management Fee.

  • The Budget sets forth the budgeted amounts for all Operating Disbursements and Direct Reimbursement Expenses and for the Asset Management Fee.

Related to Direct Reimbursement Expenses

  • Expense Reimbursement has the meaning set forth in Section 8.2(c).

  • Management Expenses means the costs, charges and expenses necessarily and reasonably incurred or to be incurred for the management and maintenance of the Land and the Building and the Common Areas and Facilities therein to be borne by the Owners including the remuneration of the Manager as provided in this Deed;

  • Direct Costs means the sum of the following:

  • Covered Expenses means expenses actually incurred by or on behalf of a Covered Person for treatment, services and supplies covered by the Policy. Coverage under the Participating Organization’s Policy must remain continuously in force from the date of the Covered Accident or Sickness until the date treatment, services or supplies are received for them to be a Covered Expense. A Covered Expense is deemed to be incurred on the date such treatment, service or supply, that gave rise to the expense or the charge, was rendered or obtained.

  • Reimbursable Expenses means all assignment-related costs [such as travel, translation, report printing, secretarial expenses, subject to specified maximum limits in the Contract].