Examples of General and Administrative Services in a sentence
The Parties acknowledge and agree that it is the intent of the Parties that the General and Administrative Services be provided based on an arm’s-length standard, and that the Administrative Fee is intended to reflect such standard.
Absent the written agreement of the Parties to the contrary, the Parties agree that the General and Administrative Services will be received by the General Partner, for the benefit of the Partnership Group, at the General Partner’s principal place of business.
The Parties acknowledge and agree that it is the intent of the Parties that the General and Administrative Services be provided based on an arm’s-length standard and that the Administrative Fee is intended to reflect such standard.
In performing the General and Administrative Services, Valero and its Affiliates shall be entitled to contract with third parties on behalf of and as agent for (but without fiduciary liability to) members of the Partnership Group.
The Parties acknowledge that the fixed fee reflects the costs expected to be incurred by Noble and its Affiliates in providing the General and Administrative Services (other than those costs for which Noble and its Affiliates are entitled to reimbursement pursuant to Section 3.3 below).
The Parties further acknowledge and agree that it is the intent of the Parties that the General and Administrative Services be provided based on an arm’s-length standard and that the Administrative Fee is intended to reflect such standard.
For the avoidance of doubt, the Partnership Group will reimburse USD for all tax costs and expenses incurred or payments made by USD and its Affiliates on behalf of the Partnership Group including all sales, use, excise, value added, margin, franchise or similar taxes, if any, that may be applicable from time to time associated with the ownership and operation of the Assets or with respect to the General and Administrative Services provided by the Partnership Group.
Absent the written agreement of the Parties to the contrary, the Parties agree that the General and Administrative Services will be performed in Ohio and will be received by the General Partner, for the benefit of the Partnership Group, at the General Partner’s principal place of business.
SPLC agrees to, or cause its Affiliates to, provide the Partnership Group with the General and Administrative Services in a manner at or above industry standards (as determined by SPLC).
Questions and Discussion:- Report shows that General and Administrative Services are significantly down for the 2019/2020 budget.- Insurance fee increases – GBC was able to pay for July and August trampoline insurance premiums, so these expenses were not charged back to the membership.